The St. Joe Company (NYSE:JOE) Shares Bought by Accordant Advisory Group Inc

Accordant Advisory Group Inc grew its stake in The St. Joe Company (NYSE:JOE) by 44.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 75,331 shares of the financial services provider’s stock after acquiring an additional 23,104 shares during the period. St. Joe comprises 3.5% of Accordant Advisory Group Inc’s investment portfolio, making the stock its 11th biggest holding. Accordant Advisory Group Inc owned approximately 0.13% of St. Joe worth $3,537,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in St. Joe by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 6,197,402 shares of the financial services provider’s stock valued at $278,449,000 after acquiring an additional 252,906 shares during the period. Geode Capital Management LLC grew its holdings in shares of St. Joe by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 906,668 shares of the financial services provider’s stock valued at $40,746,000 after purchasing an additional 8,031 shares in the last quarter. Horizon Kinetics Asset Management LLC increased its stake in St. Joe by 7.7% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 564,202 shares of the financial services provider’s stock worth $25,350,000 after buying an additional 40,354 shares during the period. Northern Trust Corp lifted its holdings in St. Joe by 7.4% during the 4th quarter. Northern Trust Corp now owns 434,283 shares of the financial services provider’s stock worth $19,512,000 after buying an additional 29,918 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in St. Joe by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 364,559 shares of the financial services provider’s stock worth $16,380,000 after buying an additional 6,904 shares in the last quarter. 86.67% of the stock is currently owned by institutional investors and hedge funds.

St. Joe Price Performance

Shares of NYSE JOE opened at $47.16 on Thursday. 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 company has a market cap of $2.75 billion, a price-to-earnings ratio of 39.97 and a beta of 1.36. The stock’s 50-day moving average is $43.82 and its two-hundred day moving average is $45.87. The St. Joe Company has a 1-year low of $40.19 and a 1-year high of $64.69.

St. Joe (NYSE:JOE) last announced 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 during the quarter.

St. Joe Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, June 10th will be issued a $0.14 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.19%. St. Joe’s payout ratio is 42.11%.

Insider Transactions at St. Joe

In related news, major shareholder Bruce R. Berkowitz sold 160,300 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $47.00, for a total value of $7,534,100.00. Following the completion of the transaction, the insider now directly owns 17,000,724 shares of the company’s stock, valued at $799,034,028. This represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 38.80% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of St. Joe from a “buy” rating to a “hold” rating in a research note on Sunday.

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.