Victory Capital Management Inc. Raises Stock Position in St. Joe Company (The) $JOE

Victory Capital Management Inc. raised its holdings in St. Joe Company (The) (NYSE:JOE) by 54.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 407,438 shares of the financial services provider’s stock after purchasing an additional 144,121 shares during the quarter. Victory Capital Management Inc. owned 0.71% of St. Joe worth $20,160,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Lumbard & Kellner LLC raised its stake in shares of St. Joe by 10.7% during the 3rd quarter. Lumbard & Kellner LLC now owns 16,986 shares of the financial services provider’s stock valued at $840,000 after buying an additional 1,635 shares during the last quarter. Elo Mutual Pension Insurance Co purchased a new stake in shares of St. Joe in the third quarter worth about $947,000. Nkcfo LLC acquired a new stake in St. Joe during the third quarter worth about $495,000. GSA Capital Partners LLP acquired a new stake in St. Joe during the third quarter worth about $292,000. Finally, Vanguard Group Inc. raised its position in 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 acquiring an additional 179,877 shares in the last quarter. 86.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 1,400 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $73.50, for a total transaction of $102,900.00. Following the transaction, the insider directly owned 16,094,724 shares of the company’s stock, valued at $1,182,962,214. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 229,900 shares of company stock valued at $15,201,327. 38.80% of the stock is currently owned by insiders.

St. Joe Price Performance

Shares of St. Joe stock opened at $69.77 on Tuesday. The firm has a market cap of $4.01 billion, a PE ratio of 34.88 and a beta of 1.30. St. Joe Company has a twelve month low of $40.19 and a twelve month high of $73.54. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.73. The business has a 50-day moving average price of $66.74 and a 200 day moving average price of $58.72.

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

St. Joe Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have commented on the company. Weiss Ratings restated a “buy (b-)” rating on shares of St. Joe in a research report on Monday, December 29th. Wall Street Zen lowered shares of St. Joe from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

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.