Annex Advisory Services LLC Cuts Stock Position in The St. Joe Company (NYSE:JOE)

Annex Advisory Services LLC cut its holdings in The St. Joe Company (NYSE:JOE) by 13.9% in the first quarter, Holdings Channel reports. The institutional investor owned 36,748 shares of the financial services provider’s stock after selling 5,908 shares during the quarter. Annex Advisory Services LLC’s holdings in St. Joe were worth $1,725,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in JOE. Smartleaf Asset Management LLC boosted its stake in shares of St. Joe by 277.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 430 shares during the last quarter. Lazard Asset Management LLC acquired a new position in St. Joe during the fourth quarter worth $38,000. Campbell Capital Management Inc. acquired a new position in shares of St. Joe in the 4th quarter valued at $67,000. KBC Group NV lifted its stake in shares of St. Joe by 38.8% in the 4th quarter. KBC Group NV now owns 2,059 shares of the financial services provider’s stock valued at $93,000 after purchasing an additional 576 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of St. Joe in the 4th quarter valued at $210,000. 86.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Bruce R. Berkowitz sold 2,900 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $47.01, for a total transaction of $136,329.00. Following the transaction, the insider now owns 16,940,624 shares in the company, valued at $796,378,734.24. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.32% of the stock is currently owned by company insiders.

St. Joe Price Performance

Shares of NYSE JOE opened at $45.31 on Friday. The stock’s 50-day moving average is $43.76 and its two-hundred day moving average is $45.97. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.34 and a quick ratio of 1.34. The St. Joe Company has a 1-year low of $40.19 and a 1-year high of $64.69. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 38.40 and a beta of 1.37.

St. Joe (NYSE:JOE) last released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.30 EPS for the quarter. St. Joe had a return on equity of 9.58% and a net margin of 17.76%. The business had revenue of $94.20 million for the quarter.

St. Joe Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, June 10th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.56 dividend on an annualized basis and a yield of 1.24%. St. Joe’s dividend payout ratio is presently 42.11%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised St. Joe from a “hold” rating to a “buy” rating in a research note on Saturday, May 31st.

About St. Joe

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.