St. Joe Company (The) $JOE Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of St. Joe Company (The) (NYSE:JOE) by 11.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 71,361 shares of the financial services provider’s stock after selling 9,192 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.13% of St. Joe worth $4,469,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Royal Bank of Canada boosted its stake in St. Joe by 4.9% in the 1st quarter. Royal Bank of Canada now owns 29,915 shares of the financial services provider’s stock worth $1,404,000 after purchasing an additional 1,384 shares in the last quarter. AQR Capital Management LLC increased its stake in St. Joe by 152.4% during the 1st quarter. AQR Capital Management LLC now owns 76,084 shares of the financial services provider’s stock valued at $3,572,000 after purchasing an additional 45,939 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in St. Joe by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,459 shares of the financial services provider’s stock valued at $1,008,000 after purchasing an additional 951 shares in the last quarter. Intech Investment Management LLC raised its holdings in shares of St. Joe by 45.8% in the first quarter. Intech Investment Management LLC now owns 26,218 shares of the financial services provider’s stock worth $1,231,000 after buying an additional 8,235 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of St. Joe by 5.8% in the second quarter. JPMorgan Chase & Co. now owns 141,201 shares of the financial services provider’s stock worth $6,735,000 after buying an additional 7,739 shares during the last quarter. Institutional investors and hedge funds own 86.67% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of St. Joe from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

St. Joe Trading Down 0.5%

St. Joe stock opened at $63.89 on Thursday. The stock has a 50-day moving average price of $64.55 and a 200 day moving average price of $65.71. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 29.86 and a beta of 1.29. St. Joe Company has a 52 week low of $46.37 and a 52 week high of $73.54. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.71.

St. Joe (NYSE:JOE) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $0.71 earnings per share for the quarter. The company had revenue of $158.86 million for the quarter. St. Joe had a net margin of 22.45% and a return on equity of 15.90%.

St. Joe Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 21st will be paid a dividend of $0.16 per share. The ex-dividend date is Friday, August 21st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.0%. St. Joe’s dividend payout ratio (DPR) is presently 29.91%.

Insider Activity

In related news, major shareholder Bruce Berkowitz sold 140,400 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $65.71, for a total transaction of $9,225,684.00. Following the sale, the insider directly owned 15,073,624 shares of the company’s stock, valued at $990,487,833.04. This trade represents a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders sold 325,100 shares of company stock valued at $21,303,513. 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.