Bruce Berkowitz Sells 21,100 Shares of St. Joe (NYSE:JOE) Stock

St. Joe Company (The) (NYSE:JOE) major shareholder Bruce Berkowitz sold 21,100 shares of St. Joe stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $72.22, for a total transaction of $1,523,842.00. Following the completion of the sale, the insider owned 16,073,624 shares in the company, valued at approximately $1,160,837,125.28. This represents a 0.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

St. Joe Price Performance

NYSE JOE opened at $63.67 on Friday. The company has a 50-day moving average price of $68.20 and a two-hundred day moving average price of $59.77. St. Joe Company has a 52 week low of $40.19 and a 52 week high of $73.54. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 31.84 and a beta of 1.30. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.73.

St. Joe (NYSE:JOE) last released its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $0.52 earnings per share 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Monday, March 9th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Monday, March 9th. St. Joe’s payout ratio is 32.00%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on JOE shares. Weiss Ratings reissued 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 equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, St. Joe currently has an average rating of “Buy”.

Institutional Investors Weigh In On St. Joe

Hedge funds and other institutional investors have recently bought and sold shares of the business. Nitor Capital Management LLC acquired a new stake in St. Joe in the 4th quarter valued at about $31,789,000. Vanguard Group Inc. grew its stake in shares of St. Joe by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 5,959,298 shares of the financial services provider’s stock worth $294,866,000 after purchasing an additional 179,877 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of St. Joe by 54.7% in the 3rd quarter. Victory Capital Management Inc. now owns 407,438 shares of the financial services provider’s stock worth $20,160,000 after purchasing an additional 144,121 shares in the last quarter. Select Equity Group L.P. bought a new stake in shares of St. Joe in the 2nd quarter worth approximately $6,347,000. Finally, Janus Henderson Group PLC lifted its stake in St. Joe by 668.3% during the fourth quarter. Janus Henderson Group PLC now owns 139,947 shares of the financial services provider’s stock valued at $8,310,000 after purchasing an additional 121,733 shares during the last quarter. 86.67% of the stock is currently owned by institutional investors.

St. Joe News Summary

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

• Positive Sentiment: Company announced a quarterly dividend ($0.16 per share; payable Mar. 26; record Mar. 9). The payout is modest but supports yield-oriented holders and signals management cash generation. MarketBeat Dividend/Company Summary
• Positive Sentiment: High institutional ownership and active hedge fund positions (Vanguard, State Street, Geode, etc.) provide shareholder stability and indicate continued institutional interest in JOE’s land-development story. MarketBeat Institutional Holdings
• Neutral Sentiment: Recent quarterly results (announced Feb. 25) showed EPS of $0.52 and revenue of $128.9M with healthy net margin and ROE — supportive fundamentals but already priced in. MarketBeat Earnings Summary
• Neutral Sentiment: Coverage of Bruce Berkowitz and Fairholme portfolio activity provides context for insider moves but does not itself change St. Joe’s fundamentals. Seeking Alpha: Fairholme Portfolio Update
• Negative Sentiment: Insider sale: major shareholder Bruce R. Berkowitz sold 21,100 shares on Mar. 17 at an average ~$72.22 (~$1.52M). Although the sale is small relative to his ~16.07M-share holding (0.13% reduction), the disclosure has likely rattled momentum traders and contributed to downward pressure. InsiderTrades: Berkowitz Sale
• Negative Sentiment: Heavy intraday volume far above average amid the sell-off suggests forced or momentum selling rather than a measured reallocation; that amplifies short-term downside risk. SEC filing for the insider trade is here. SEC Ownership Filing
• Negative Sentiment: Valuation and technical context: JOE trades near its recent highs with a P/E in the low-30s and a 50-day moving average above the 200-day — a retreat from elevated levels can be amplified by profit-taking. MarketBeat Stock Data
• Neutral Sentiment: Numerous unrelated local stories about “St. Joseph’s Day” appearances are irrelevant to The St. Joe Company’s business and stock movement. Local St. Joseph’s Day Coverage

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.