Blackhawk Capital Partners LLC Acquires New Stake in St. Joe Company (The) $JOE

Blackhawk Capital Partners LLC acquired a new stake in shares of St. Joe Company (The) (NYSE:JOE) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,014 shares of the financial services provider’s stock, valued at approximately $1,535,000. Blackhawk Capital Partners LLC owned 0.05% of St. Joe at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the company. River Road Asset Management LLC grew its stake in St. Joe by 86.0% in the 2nd quarter. River Road Asset Management LLC now owns 186,830 shares of the financial services provider’s stock valued at $9,435,000 after buying an additional 86,365 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of St. Joe during the second quarter worth $547,000. Prospera Financial Services Inc bought a new position in shares of St. Joe in the second quarter worth $2,224,000. American Century Companies Inc. grew its position in shares of St. Joe by 182.7% in the second quarter. American Century Companies Inc. now owns 58,227 shares of the financial services provider’s stock valued at $2,777,000 after purchasing an additional 37,632 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC raised its stake in shares of St. Joe by 1.0% during the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 555,891 shares of the financial services provider’s stock valued at $26,516,000 after purchasing an additional 5,552 shares during the period. 86.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on JOE shares. Weiss Ratings restated a “buy (b-)” rating on shares of St. Joe in a research note on Monday, December 29th. Wall Street Zen raised shares of St. Joe from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, St. Joe currently has an average rating of “Buy”.

St. Joe Price Performance

Shares of NYSE JOE opened at $63.84 on Friday. The stock’s 50-day simple moving average is $61.14 and its two-hundred day simple moving average is $54.62. St. Joe Company has a twelve month low of $40.19 and a twelve month high of $66.08. The firm has a market capitalization of $3.69 billion, a P/E ratio of 35.46 and a beta of 1.32. 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 (NYSE:JOE) last issued its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter. St. Joe had a return on equity of 13.96% and a net margin of 21.40%.The firm had revenue of $161.08 million during the quarter.

St. Joe Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Thursday, November 13th were paid a $0.16 dividend. This is a boost from St. Joe’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, November 13th. St. Joe’s payout ratio is currently 35.56%.

Insiders Place Their Bets

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 13,900 shares of St. Joe stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $65.50, for a total transaction of $910,450.00. Following the completion of the sale, the insider owned 16,151,124 shares of the company’s stock, valued at $1,057,898,622. The trade was a 0.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 173,500 shares of company stock worth $11,136,531 in the last quarter. Company insiders own 0.32% of the company’s stock.

About St. Joe

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.