SG Americas Securities LLC Decreases Holdings in St. Joe Company (The) $JOE

SG Americas Securities LLC lowered its position in St. Joe Company (The) (NYSE:JOE) by 31.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,582 shares of the financial services provider’s stock after selling 12,278 shares during the period. SG Americas Securities LLC’s holdings in St. Joe were worth $1,669,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Elo Mutual Pension Insurance Co acquired a new stake in St. Joe in the third quarter valued at $947,000. Horizon Investments LLC acquired a new position in shares of St. Joe during the 4th quarter worth $1,653,000. Victory Capital Management Inc. boosted its position in shares of St. Joe by 54.7% in the 3rd quarter. Victory Capital Management Inc. now owns 407,438 shares of the financial services provider’s stock worth $20,160,000 after buying an additional 144,121 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in shares of St. Joe in the 3rd quarter worth about $1,058,000. Finally, Gator Capital Management LLC acquired a new stake in St. Joe in the 4th quarter valued at about $1,934,000. 86.67% of the stock is owned by hedge funds and other institutional investors.

St. Joe Stock Performance

Shares of JOE opened at $61.25 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.36 and a current ratio of 2.36. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of 31.57 and a beta of 1.29. The company’s 50 day simple moving average is $65.14 and its 200 day simple moving average is $65.63. St. Joe Company has a 1 year low of $46.37 and a 1 year high of $73.54.

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

St. Joe Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Tuesday, June 9th were issued a dividend of $0.16 per share. The ex-dividend date was Tuesday, June 9th. This represents a $0.64 annualized dividend and a dividend yield of 1.0%. St. Joe’s dividend payout ratio (DPR) is 32.99%.

Insider Activity at St. Joe

In other news, major shareholder Bruce R. Berkowitz sold 140,400 shares of St. Joe stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $65.71, for a total value of $9,225,684.00. Following the completion of the sale, the insider owned 15,073,624 shares of the company’s stock, valued at $990,487,833.04. The trade was a 0.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 1,000,000 shares of company stock valued at $65,585,733 over the last ninety days. 0.35% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of St. Joe from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 22nd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

About St. Joe

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.