SG Americas Securities LLC Purchases 10,869 Shares of St. Joe Company (The) $JOE

SG Americas Securities LLC increased its holdings in St. Joe Company (The) (NYSE:JOE) by 199.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,313 shares of the financial services provider’s stock after purchasing an additional 10,869 shares during the period. SG Americas Securities LLC’s holdings in St. Joe were worth $807,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. River Road Asset Management LLC lifted its holdings in St. Joe by 86.0% in the 2nd quarter. River Road Asset Management LLC now owns 186,830 shares of the financial services provider’s stock valued at $9,435,000 after purchasing an additional 86,365 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of St. Joe in the second quarter valued at about $547,000. Prospera Financial Services Inc acquired a new stake in shares of St. Joe in the second quarter valued at about $2,224,000. American Century Companies Inc. lifted its stake in shares of St. Joe by 182.7% in the second quarter. American Century Companies Inc. now owns 58,227 shares of the financial services provider’s stock worth $2,777,000 after buying an additional 37,632 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC boosted its position in St. Joe by 1.0% during the second quarter. Horizon Kinetics Asset Management LLC now owns 555,891 shares of the financial services provider’s stock worth $26,516,000 after acquiring an additional 5,552 shares during the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

Key Headlines Impacting St. Joe

Here are the key news stories impacting St. Joe this week:

• Neutral Sentiment: Local sports and personnel stories referencing “St. Joe” are unrelated to The St. Joe Company and are unlikely to affect JOE’s fundamentals. Hannah Prince was hired as Penn State’s head field hockey coach. St. Joe’s Hannah Prince Hired as Penn State Head Field Hockey Coach
• Neutral Sentiment: Media pieces on a 16‑year‑old St. Joe’s Prep pitcher (Cole Kuhn breaking 100+ mph) are local sports coverage and do not relate to The St. Joe Company’s business drivers. At just 16, St. Joe’s Prep pitcher Cole Kuhn already throwing 101 mph
• Neutral Sentiment: Local municipal and college-sports coverage (mayoral candidate forums; St. Joseph city council; college basketball recaps) similarly appear disconnected from JOE’s operations and financing. Example: mayoral candidate forum coverage. St. Joseph mayoral candidates make pitch in community forum as February primary nears
• Negative Sentiment: Insider selling by major shareholder Bruce R. Berkowitz: filings show he sold 87,700 shares on Jan. 15 at an average ~$65.51 (≈$5.75M) and 13,900 shares on Jan. 16 at ~$65.50 (≈$0.91M), ~101,600 shares total disclosed; his stake fell by ~0.63% across the two transactions though he still holds >16M shares (>10% ownership). Such large, disclosed insider sales can weigh on sentiment and help explain downward pressure on the stock. SEC filing: SEC ownership filing — summary of trades: Bruce Berkowitz insider trades

Insiders Place Their Bets

In other news, major shareholder Bruce R. Berkowitz sold 13,900 shares of St. Joe stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $65.50, for a total transaction of $910,450.00. Following the sale, the insider owned 16,151,124 shares in the company, valued at approximately $1,057,898,622. The trade was a 0.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 173,500 shares of company stock valued at $11,136,531 over the last three months. 38.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

JOE has been the topic of a number of analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of St. Joe in a research report on Monday, December 29th. Wall Street Zen upgraded St. Joe from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, St. Joe presently has an average rating of “Buy”.

St. Joe Stock Performance

NYSE JOE opened at $64.04 on Wednesday. The company has a market cap of $3.70 billion, a P/E ratio of 35.58 and a beta of 1.32. St. Joe Company has a 1-year low of $40.19 and a 1-year high of $66.08. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.25 and a quick ratio of 2.25. The stock has a 50-day moving average of $60.78 and a two-hundred day moving average of $54.37.

St. Joe (NYSE:JOE) last released its earnings results on Wednesday, October 29th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter. St. Joe had a return on equity of 13.96% and a net margin of 21.40%.The firm had revenue of $161.08 million during the quarter.

St. Joe Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Thursday, November 13th were paid a dividend of $0.16 per share. The ex-dividend date was Thursday, November 13th. This represents a $0.64 annualized dividend and a yield of 1.0%. This is an increase from St. Joe’s previous quarterly dividend of $0.14. St. Joe’s dividend payout ratio (DPR) is 35.56%.

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.