The St. Joe Company (NYSE:JOE) Director Bruce R. Berkowitz Sells 400 Shares

The St. Joe Company (NYSE:JOE) Director Bruce R. Berkowitz sold 400 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $58.01, for a total transaction of $23,204.00. Following the sale, the director now directly owns 18,254,624 shares of the company’s stock, valued at $1,058,950,738.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

St. Joe Stock Performance

Shares of NYSE JOE traded down $0.59 during trading hours on Thursday, hitting $56.90. 19,154 shares of the stock were exchanged, compared to its average volume of 183,035. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.47 and a quick ratio of 1.47. The company’s 50 day moving average is $56.88 and its 200 day moving average is $55.56. The firm has a market capitalization of $3.32 billion, a P/E ratio of 41.06 and a beta of 1.30. The St. Joe Company has a one year low of $44.13 and a one year high of $65.99.

St. Joe (NYSE:JOE) last released its earnings results on Wednesday, April 24th. The financial services provider reported $0.24 EPS for the quarter. The firm had revenue of $87.80 million during the quarter. St. Joe had a net margin of 20.10% and a return on equity of 11.69%.

St. Joe Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Wednesday, May 15th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Tuesday, May 14th. St. Joe’s payout ratio is currently 34.29%.

Hedge Funds Weigh In On St. Joe

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of St. Joe by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 5,765,278 shares of the financial services provider’s stock valued at $334,213,000 after buying an additional 59,563 shares in the last quarter. Northern Trust Corp raised its stake in shares of St. Joe by 5.5% in the 3rd quarter. Northern Trust Corp now owns 413,648 shares of the financial services provider’s stock valued at $22,473,000 after buying an additional 21,497 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of St. Joe by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 289,875 shares of the financial services provider’s stock valued at $17,445,000 after buying an additional 7,581 shares in the last quarter. Capital Research Global Investors raised its stake in shares of St. Joe by 41.0% in the 4th quarter. Capital Research Global Investors now owns 235,601 shares of the financial services provider’s stock valued at $14,178,000 after buying an additional 68,500 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of St. Joe in the 4th quarter valued at $13,952,000. 86.67% of the stock is currently owned by institutional investors and hedge funds.

St. Joe Company Profile

The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Northwest Florida. It operates through three segments: Residential, Hospitality, and Commercial. The Residential segment engages in the development of communities into homesites for sale to homebuilders and on a limited basis to retail customers.