St. Joe Co (NYSE:JOE) Director Howard S. Frank purchased 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were acquired at an average cost of $18.98 per share, with a total value of $379,600.00. Following the completion of the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $379,600. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of St. Joe Co (NYSE:JOE) traded up $0.15 on Friday, hitting $18.50. The company had a trading volume of 850,000 shares, compared to its average volume of 270,607. The stock has a market capitalization of $1,250.16, a P/E ratio of 57.12 and a beta of 0.91. St. Joe Co has a one year low of $16.30 and a one year high of $21.05.

St. Joe (NYSE:JOE) last issued its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.04. The company had revenue of $33.60 million during the quarter, compared to the consensus estimate of $25.80 million. St. Joe had a return on equity of 3.71% and a net margin of 24.82%.

St. Joe announced that its Board of Directors has approved a share buyback plan on Thursday, September 21st that allows the company to buyback $66.00 million in shares. This buyback authorization allows the financial services provider to repurchase up to 5.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Several institutional investors and hedge funds have recently modified their holdings of JOE. Teachers Advisors LLC increased its position in shares of St. Joe by 0.6% during the first quarter. Teachers Advisors LLC now owns 100,168 shares of the financial services provider’s stock valued at $1,708,000 after acquiring an additional 594 shares during the last quarter. Dimensional Fund Advisors LP increased its position in St. Joe by 11.8% in the first quarter. Dimensional Fund Advisors LP now owns 776,303 shares of the financial services provider’s stock worth $13,236,000 after buying an additional 82,242 shares during the last quarter. Morgan Stanley increased its position in St. Joe by 4.2% in the first quarter. Morgan Stanley now owns 190,544 shares of the financial services provider’s stock worth $3,249,000 after buying an additional 7,741 shares during the last quarter. Bank of America Corp DE increased its position in St. Joe by 14.6% in the first quarter. Bank of America Corp DE now owns 65,317 shares of the financial services provider’s stock worth $1,114,000 after buying an additional 8,326 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in St. Joe by 1.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 284,552 shares of the financial services provider’s stock worth $5,336,000 after buying an additional 3,251 shares during the last quarter. 92.69% of the stock is owned by institutional investors.

Separately, Zacks Investment Research raised St. Joe from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Monday, October 23rd.

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St. Joe Company Profile

The St. Joe Company is a real estate development, asset management and operating company. The Company operates through five segments: residential real estate; commercial real estate; resorts and leisure; leasing operations, and forestry. Its residential real estate segment plans and develops primary residential and resort residential communities of various sizes on its existing land.

Insider Buying and Selling by Quarter for St. Joe (NYSE:JOE)

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