SG Americas Securities LLC Boosts Stock Holdings in St. Joe Company (The) $JOE

SG Americas Securities LLC grew its holdings in St. Joe Company (The) (NYSE:JOE) by 199.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,313 shares of the financial services provider’s stock after buying an additional 10,869 shares during the quarter. SG Americas Securities LLC’s holdings in St. Joe were worth $807,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. KLP Kapitalforvaltning AS grew its position in St. Joe by 15.1% during the third quarter. KLP Kapitalforvaltning AS now owns 8,400 shares of the financial services provider’s stock worth $416,000 after buying an additional 1,100 shares during the period. Louisiana State Employees Retirement System lifted its position in shares of St. Joe by 4.0% during the 3rd quarter. Louisiana State Employees Retirement System now owns 18,400 shares of the financial services provider’s stock valued at $910,000 after acquiring an additional 700 shares during the period. Rye Brook Capital LLC boosted its stake in shares of St. Joe by 2.6% during the 3rd quarter. Rye Brook Capital LLC now owns 63,400 shares of the financial services provider’s stock worth $3,137,000 after acquiring an additional 1,600 shares in the last quarter. Financial Consulate Inc. acquired a new stake in shares of St. Joe in the 3rd quarter worth approximately $31,000. Finally, Institute for Wealth Management LLC. increased its stake in St. Joe by 2.4% in the 3rd quarter. Institute for Wealth Management LLC. now owns 30,504 shares of the financial services provider’s stock valued at $1,509,000 after purchasing an additional 719 shares in the last quarter. Institutional investors and hedge funds own 86.67% of the company’s stock.

Insider Buying and Selling at St. Joe

In related news, major shareholder Bruce R. Berkowitz sold 13,900 shares of St. Joe stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $65.50, for a total value of $910,450.00. Following the completion of the transaction, the insider directly owned 16,151,124 shares in the company, valued at approximately $1,057,898,622. This trade represents a 0.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders have sold 173,500 shares of company stock valued at $11,136,531. 38.80% of the stock is currently owned by insiders.

St. Joe Trading Down 2.1%

Shares of JOE opened at $64.04 on Wednesday. St. Joe Company has a twelve month low of $40.19 and a twelve month high of $66.08. The firm has a market capitalization of $3.70 billion, a P/E ratio of 35.58 and a beta of 1.32. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.75. The stock’s fifty day simple moving average is $60.78 and its 200 day simple moving average is $54.37.

St. Joe (NYSE:JOE) last announced its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $0.67 earnings per share for the quarter. St. Joe had a net margin of 21.40% and a return on equity of 13.96%. The firm had revenue of $161.08 million for the quarter.

St. Joe Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Thursday, November 13th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $0.64 annualized dividend and a yield of 1.0%. This is an increase from St. Joe’s previous quarterly dividend of $0.14. St. Joe’s dividend payout ratio (DPR) is 35.56%.

More St. Joe News

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

• Neutral Sentiment: Local sports and personnel stories referencing “St. Joe” are unrelated to The St. Joe Company and are unlikely to affect JOE’s fundamentals. Hannah Prince was hired as Penn State’s head field hockey coach. St. Joe’s Hannah Prince Hired as Penn State Head Field Hockey Coach
• Neutral Sentiment: Media pieces on a 16‑year‑old St. Joe’s Prep pitcher (Cole Kuhn breaking 100+ mph) are local sports coverage and do not relate to The St. Joe Company’s business drivers. At just 16, St. Joe’s Prep pitcher Cole Kuhn already throwing 101 mph
• Neutral Sentiment: Local municipal and college-sports coverage (mayoral candidate forums; St. Joseph city council; college basketball recaps) similarly appear disconnected from JOE’s operations and financing. Example: mayoral candidate forum coverage. St. Joseph mayoral candidates make pitch in community forum as February primary nears
• Negative Sentiment: Insider selling by major shareholder Bruce R. Berkowitz: filings show he sold 87,700 shares on Jan. 15 at an average ~$65.51 (≈$5.75M) and 13,900 shares on Jan. 16 at ~$65.50 (≈$0.91M), ~101,600 shares total disclosed; his stake fell by ~0.63% across the two transactions though he still holds >16M shares (>10% ownership). Such large, disclosed insider sales can weigh on sentiment and help explain downward pressure on the stock. SEC filing: SEC ownership filing — summary of trades: Bruce Berkowitz insider trades

Analysts Set New Price Targets

A number of research analysts have recently weighed in on JOE shares. Weiss Ratings restated a “buy (b-)” rating on shares of St. Joe in a research report on Monday, December 29th. Wall Street Zen upgraded shares of St. Joe from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, St. Joe has a consensus rating of “Buy”.

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.