St. Joe (NYSE:JOE) Major Shareholder Bruce Berkowitz Sells 87,700 Shares of Stock

St. Joe Company (The) (NYSE:JOE) major shareholder Bruce Berkowitz sold 87,700 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $65.51, for a total value of $5,745,227.00. Following the completion of the sale, the insider owned 16,165,024 shares in the company, valued at $1,058,970,722.24. The trade was a 0.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

St. Joe Price Performance

Shares of JOE opened at $64.04 on Wednesday. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.75. St. Joe Company has a twelve month low of $40.19 and a twelve month high of $66.08. The stock has a market capitalization of $3.70 billion, a P/E ratio of 35.58 and a beta of 1.32. The company has a 50 day moving average of $60.78 and a 200-day moving average of $54.37.

St. Joe (NYSE:JOE) last announced its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $0.67 EPS for the quarter. The business had revenue of $161.08 million for the quarter. St. Joe had a net margin of 21.40% and a return on equity of 13.96%.

St. Joe Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Thursday, November 13th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Thursday, November 13th. This is a positive change from St. Joe’s previous quarterly dividend of $0.14. St. Joe’s dividend payout ratio is 35.56%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on JOE. Wall Street Zen upgraded St. Joe from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of St. Joe in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Trending Headlines about St. Joe

Here are the key news stories impacting St. Joe this week:

• Neutral Sentiment: Local sports and personnel stories referencing “St. Joe” are unrelated to The St. Joe Company and are unlikely to affect JOE’s fundamentals. Hannah Prince was hired as Penn State’s head field hockey coach. St. Joe’s Hannah Prince Hired as Penn State Head Field Hockey Coach
• Neutral Sentiment: Media pieces on a 16‑year‑old St. Joe’s Prep pitcher (Cole Kuhn breaking 100+ mph) are local sports coverage and do not relate to The St. Joe Company’s business drivers. At just 16, St. Joe’s Prep pitcher Cole Kuhn already throwing 101 mph
• Neutral Sentiment: Local municipal and college-sports coverage (mayoral candidate forums; St. Joseph city council; college basketball recaps) similarly appear disconnected from JOE’s operations and financing. Example: mayoral candidate forum coverage. St. Joseph mayoral candidates make pitch in community forum as February primary nears
• Negative Sentiment: Insider selling by major shareholder Bruce R. Berkowitz: filings show he sold 87,700 shares on Jan. 15 at an average ~$65.51 (≈$5.75M) and 13,900 shares on Jan. 16 at ~$65.50 (≈$0.91M), ~101,600 shares total disclosed; his stake fell by ~0.63% across the two transactions though he still holds >16M shares (>10% ownership). Such large, disclosed insider sales can weigh on sentiment and help explain downward pressure on the stock. SEC filing: SEC ownership filing — summary of trades: Bruce Berkowitz insider trades

Institutional Investors Weigh In On St. Joe

A number of large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its position in St. Joe by 4.9% during the first quarter. Royal Bank of Canada now owns 29,915 shares of the financial services provider’s stock worth $1,404,000 after purchasing an additional 1,384 shares during the period. AQR Capital Management LLC lifted its stake in shares of St. Joe by 152.4% during the 1st quarter. AQR Capital Management LLC now owns 76,084 shares of the financial services provider’s stock worth $3,572,000 after buying an additional 45,939 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of St. Joe by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,459 shares of the financial services provider’s stock worth $1,008,000 after buying an additional 951 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of St. Joe by 29.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 87,606 shares of the financial services provider’s stock worth $4,113,000 after buying an additional 19,879 shares during the period. Finally, Intech Investment Management LLC grew its stake in St. Joe by 45.8% in the 1st quarter. Intech Investment Management LLC now owns 26,218 shares of the financial services provider’s stock valued at $1,231,000 after buying an additional 8,235 shares during the last quarter. Institutional investors own 86.67% of the company’s stock.

St. Joe Company Profile

The St. Joe Company (NYSE: JOE) is a leading real estate development and asset management firm focused on Northwest Florida. Headquartered in Jacksonville, the company owns and manages approximately 171,000 acres of land across Bay, Gulf, Franklin and Walton counties. St. Joe’s core businesses include residential community development, commercial real estate, and hospitality, with an emphasis on master-planned neighborhoods, office and retail campuses, resort hotels and mixed-use town centers.

Founded in 1936 as a paper manufacturing company, St.