Prospera Financial Services Inc Sells 24,761 Shares of St. Joe Company (The) $JOE

Prospera Financial Services Inc cut its position in shares of St. Joe Company (The) (NYSE:JOE) by 53.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,470 shares of the financial services provider’s stock after selling 24,761 shares during the quarter. Prospera Financial Services Inc’s holdings in St. Joe were worth $1,275,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its position in shares of St. Joe by 39.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 679 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 193 shares during the last quarter. HRT Financial LP boosted its holdings in St. Joe by 0.7% during the 2nd quarter. HRT Financial LP now owns 32,349 shares of the financial services provider’s stock valued at $1,543,000 after acquiring an additional 213 shares during the period. ProShare Advisors LLC boosted its holdings in St. Joe by 3.0% during the 4th quarter. ProShare Advisors LLC now owns 7,428 shares of the financial services provider’s stock valued at $441,000 after acquiring an additional 218 shares during the period. Smartleaf Asset Management LLC boosted its holdings in St. Joe by 31.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 977 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 236 shares during the period. Finally, State of Alaska Department of Revenue boosted its holdings in St. Joe by 1.4% during the 4th quarter. State of Alaska Department of Revenue now owns 23,642 shares of the financial services provider’s stock valued at $1,402,000 after acquiring an additional 326 shares during the period. 86.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

JOE has been the subject of several analyst reports. Weiss Ratings cut St. Joe from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 22nd. Wall Street Zen cut St. Joe from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

St. Joe Trading Up 0.5%

NYSE JOE opened at $64.19 on Friday. St. Joe Company has a fifty-two week low of $43.54 and a fifty-two week high of $73.54. 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 stock has a 50 day simple moving average of $65.64 and a two-hundred day simple moving average of $64.74. The stock has a market cap of $3.68 billion, a P/E ratio of 33.09 and a beta of 1.31.

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

St. Joe Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Tuesday, June 9th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Tuesday, June 9th. St. Joe’s dividend payout ratio (DPR) is presently 32.99%.

Insider Activity at St. Joe

In other news, major shareholder Bruce R. Berkowitz sold 189,200 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $65.78, for a total value of $12,445,576.00. Following the completion of the transaction, the insider owned 15,884,424 shares in the company, valued at $1,044,877,410.72. This trade represents a 1.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders sold 536,000 shares of company stock valued at $35,553,469. Company insiders own 0.35% of the company’s stock.

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.