St. Joe (NYSE:JOE) Major Shareholder Sells $3,846,819.00 in Stock

St. Joe Company (The) (NYSE:JOE) major shareholder Bruce Berkowitz sold 59,100 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $65.09, for a total transaction of $3,846,819.00. Following the transaction, the insider owned 15,521,024 shares of the company’s stock, valued at $1,010,263,452.16. The trade was a 0.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

St. Joe Stock Down 0.2%

JOE traded down $0.12 during trading hours on Monday, hitting $64.75. 186,620 shares of the company’s stock were exchanged, compared to its average volume of 223,422. St. Joe Company has a 1-year low of $45.75 and a 1-year high of $73.54. The stock’s 50-day moving average is $65.54 and its two-hundred day moving average is $64.98. The stock has a market cap of $3.72 billion, a price-to-earnings ratio of 33.38 and a beta of 1.28. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.72.

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

St. Joe Dividend Announcement

The business 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 annualized dividend and a dividend yield of 1.0%. St. Joe’s payout ratio is 32.99%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in JOE. Camelot Portfolios LLC bought a new position in shares of St. Joe during the 4th quarter worth approximately $30,000. EverSource Wealth Advisors LLC boosted its stake in shares of St. Joe by 155.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 652 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 397 shares during the period. Kestra Advisory Services LLC bought a new position in shares of St. Joe during the 4th quarter worth approximately $32,000. Quarry LP bought a new position in shares of St. Joe during the 3rd quarter worth approximately $39,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of St. Joe by 31.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 977 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 236 shares during the period. Institutional investors and hedge funds own 86.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in 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 lowered St. Joe from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 22nd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, St. Joe currently has an average rating of “Hold”.

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.