Elo Mutual Pension Insurance Co Takes Position in St. Joe Company (The) $JOE

Elo Mutual Pension Insurance Co bought a new position in shares of St. Joe Company (The) (NYSE:JOE) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 19,138 shares of the financial services provider’s stock, valued at approximately $947,000.

Several other large investors have also added to or reduced their stakes in JOE. Nkcfo LLC acquired a new position in St. Joe during the 3rd quarter valued at about $495,000. GSA Capital Partners LLP bought a new position in shares of St. Joe in the third quarter valued at approximately $292,000. Vanguard Group Inc. boosted its position in shares of St. Joe by 3.1% during the third quarter. Vanguard Group Inc. now owns 5,959,298 shares of the financial services provider’s stock valued at $294,866,000 after buying an additional 179,877 shares during the last quarter. Public Sector Pension Investment Board grew its holdings in St. Joe by 20.6% during the third quarter. Public Sector Pension Investment Board now owns 155,893 shares of the financial services provider’s stock worth $7,714,000 after buying an additional 26,637 shares in the last quarter. Finally, Illinois Municipal Retirement Fund raised its position in St. Joe by 2.0% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 19,850 shares of the financial services provider’s stock valued at $982,000 after buying an additional 392 shares during the last quarter. Institutional investors own 86.67% of the company’s stock.

Wall Street Analyst Weigh In

JOE has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of St. Joe in a report on Monday, December 29th. Wall Street Zen lowered shares of St. Joe from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, St. Joe presently has an average rating of “Buy”.

St. Joe Trading Down 2.7%

Shares of St. Joe stock opened at $69.95 on Friday. The firm has a market cap of $4.02 billion, a PE ratio of 34.98 and a beta of 1.30. St. Joe Company has a 1 year low of $40.19 and a 1 year high of $73.54. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.68 and a quick ratio of 2.68. The stock has a fifty day moving average price of $66.33 and a 200-day moving average price of $58.31.

St. Joe (NYSE:JOE) last issued its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $0.52 earnings per share for the quarter. St. Joe had a net margin of 22.52% and a return on equity of 15.23%. The company had revenue of $128.89 million for the quarter.

St. Joe Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Monday, March 9th will be paid a dividend of $0.16 per share. The ex-dividend date is Monday, March 9th. This represents a $0.64 annualized dividend and a dividend yield of 0.9%. St. Joe’s dividend payout ratio (DPR) is presently 32.00%.

Insider Activity at St. Joe

In related news, major shareholder Bruce R. Berkowitz sold 8,800 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $73.14, for a total value of $643,632.00. Following the transaction, the insider owned 16,096,124 shares in the company, valued at approximately $1,177,270,509.36. This represents a 0.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have sold 228,500 shares of company stock valued at $15,098,427. Insiders own 0.32% of the company’s stock.

St. Joe 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.