Legal & General Group Plc Buys 16,838 Shares of St. Joe Company (The) $JOE

Legal & General Group Plc boosted its holdings in St. Joe Company (The) (NYSE:JOE) by 15.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 122,684 shares of the financial services provider’s stock after purchasing an additional 16,838 shares during the period. Legal & General Group Plc owned about 0.21% of St. Joe worth $7,284,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Camelot Portfolios LLC purchased a new position in St. Joe in the fourth quarter worth $30,000. EverSource Wealth Advisors LLC boosted its position in St. Joe by 155.7% in the second quarter. EverSource Wealth Advisors LLC now owns 652 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 397 shares during the last quarter. Quarry LP purchased a new position in St. Joe in the third quarter worth $39,000. Smartleaf Asset Management LLC increased its holdings in St. Joe by 31.8% during the second quarter. Smartleaf Asset Management LLC now owns 977 shares of the financial services provider’s stock worth $48,000 after buying an additional 236 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in St. Joe by 362.8% during the fourth quarter. Farther Finance Advisors LLC now owns 1,120 shares of the financial services provider’s stock worth $66,000 after buying an additional 878 shares during the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on JOE shares. Wall Street Zen downgraded shares of St. Joe from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Weiss Ratings downgraded shares of St. Joe from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, St. Joe presently has a consensus rating of “Hold”.

St. Joe Stock Down 0.3%

Shares of NYSE JOE opened at $64.86 on Friday. St. Joe Company has a one year low of $45.66 and a one year high of $73.54. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.36 and a quick ratio of 2.36. The business’s fifty day moving average price is $65.54 and its 200-day moving average price is $64.92. The stock has a market capitalization of $3.72 billion, a PE ratio of 33.43 and a beta of 1.28.

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

St. Joe Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Tuesday, June 9th will be issued 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 32.99%.

Insider Transactions at St. Joe

In related news, major shareholder Bruce R. Berkowitz sold 29,200 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $65.49, for a total transaction of $1,912,308.00. Following the sale, the insider owned 15,580,124 shares of the company’s stock, valued at approximately $1,020,342,320.76. This represents a 0.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders sold 514,600 shares of company stock worth $33,993,369. Corporate insiders own 0.35% of the company’s stock.

St. Joe 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.