The St. Joe Company (NYSE:JOE) Director Bruce R. Berkowitz Sells 36,600 Shares of Stock

The St. Joe Company (NYSE:JOE) Director Bruce R. Berkowitz sold 36,600 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $58.96, for a total value of $2,157,936.00. Following the completion of the transaction, the director now directly owns 19,131,024 shares of the company’s stock, valued at $1,127,965,175.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

St. Joe Price Performance

NYSE:JOE opened at $58.14 on Wednesday. The St. Joe Company has a 12-month low of $41.25 and a 12-month high of $65.99. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 41.53 and a beta of 1.30. The company’s 50-day moving average is $55.81 and its two-hundred day moving average is $54.81. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89.

St. Joe (NYSE:JOE) last posted its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.23 earnings per share for the quarter. St. Joe had a net margin of 20.10% and a return on equity of 11.69%. The business had revenue of $86.70 million during the quarter.

St. Joe Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Tuesday, May 14th. St. Joe’s dividend payout ratio is presently 34.29%.

Institutional Investors Weigh In On St. Joe

Hedge funds have recently made changes to their positions in the business. Northern Trust Corp lifted its position in St. Joe by 5.5% during the third quarter. Northern Trust Corp now owns 413,648 shares of the financial services provider’s stock worth $22,473,000 after buying an additional 21,497 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of St. Joe by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 289,875 shares of the financial services provider’s stock valued at $17,445,000 after acquiring an additional 7,581 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of St. Joe by 41.0% during the 4th quarter. Capital Research Global Investors now owns 235,601 shares of the financial services provider’s stock worth $14,178,000 after acquiring an additional 68,500 shares during the period. Norges Bank acquired a new stake in shares of St. Joe in the fourth quarter worth approximately $13,952,000. Finally, Principal Financial Group Inc. grew its holdings in St. Joe by 5.9% in the first quarter. Principal Financial Group Inc. now owns 196,017 shares of the financial services provider’s stock valued at $11,363,000 after purchasing an additional 10,943 shares during the period. Institutional investors and hedge funds own 86.67% of the company’s stock.

About St. Joe

The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Northwest Florida. It operates through three segments: Residential, Hospitality, and Commercial. The Residential segment engages in the development of communities into homesites for sale to homebuilders and on a limited basis to retail customers.