St. Joe (NYSE:JOE) Major Shareholder Sells $1,912,308.00 in Stock

St. Joe Company (The) (NYSE:JOE) major shareholder Bruce Berkowitz sold 29,200 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $65.49, for a total value of $1,912,308.00. Following the completion of the sale, the insider directly owned 15,580,124 shares of the company’s stock, valued at approximately $1,020,342,320.76. This trade represents a 0.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

St. Joe Trading Up 1.0%

NYSE JOE opened at $64.16 on Friday. St. Joe Company has a 1-year low of $42.65 and a 1-year high of $73.54. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.72. The stock has a 50-day moving average of $66.90 and a 200-day moving average of $64.15. The firm has a market cap of $3.68 billion, a PE ratio of 33.07 and a beta of 1.31.

St. Joe (NYSE:JOE) last released its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.24 EPS for the quarter. The business had revenue of $99.04 million during the quarter. St. Joe had a return on equity of 14.59% and a net margin of 21.61%.

St. Joe Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Tuesday, June 9th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $0.64 dividend on an annualized basis and a yield of 1.0%. St. Joe’s dividend payout ratio is presently 32.99%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in JOE. Nitor Capital Management LLC purchased a new position in shares of St. Joe during the 4th quarter worth approximately $31,789,000. Vanguard Group Inc. grew its holdings in shares of St. Joe by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 5,959,298 shares of the financial services provider’s stock worth $294,866,000 after acquiring an additional 179,877 shares during the period. Victory Capital Management Inc. grew its holdings in shares of St. Joe by 54.7% during the 3rd quarter. Victory Capital Management Inc. now owns 407,438 shares of the financial services provider’s stock worth $20,160,000 after acquiring an additional 144,121 shares during the period. Select Equity Group L.P. purchased a new position in shares of St. Joe during the 2nd quarter worth approximately $6,347,000. Finally, Janus Henderson Group PLC grew its holdings in shares of St. Joe by 668.3% during the 4th quarter. Janus Henderson Group PLC now owns 139,947 shares of the financial services provider’s stock worth $8,310,000 after acquiring an additional 121,733 shares during the period. Hedge funds and other institutional investors own 86.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on JOE shares. Wall Street Zen lowered St. Joe from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of St. Joe in a research report on Friday, May 8th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

St. Joe Company Profile

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.