Vanguard Group Inc. Has $309.63 Million Stock Holdings in The St. Joe Company (NYSE:JOE)

Vanguard Group Inc. trimmed its position in The St. Joe Company (NYSE:JOE) by 1.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,698,987 shares of the financial services provider’s stock after selling 98,054 shares during the quarter. Vanguard Group Inc. owned about 9.76% of St. Joe worth $309,626,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. GSA Capital Partners LLP acquired a new stake in shares of St. Joe in the third quarter valued at about $1,779,000. Northern Trust Corp increased its position in St. Joe by 5.5% in the 3rd 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. Teza Capital Management LLC acquired a new position in shares of St. Joe during the third quarter worth approximately $298,000. Raymond James & Associates boosted its position in shares of St. Joe by 0.8% in the third quarter. Raymond James & Associates now owns 31,531 shares of the financial services provider’s stock valued at $1,713,000 after acquiring an additional 252 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of St. Joe in the third quarter valued at approximately $1,576,000. 86.67% of the stock is owned by institutional investors.

Insider Buying and Selling at St. Joe

In other news, Director Bruce R. Berkowitz sold 7,300 shares of St. Joe stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $54.28, for a total transaction of $396,244.00. Following the sale, the director now owns 19,228,724 shares of the company’s stock, valued at approximately $1,043,735,138.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Bruce R. Berkowitz sold 7,300 shares of St. Joe stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $54.28, for a total transaction of $396,244.00. Following the sale, the director now directly owns 19,228,724 shares in the company, valued at approximately $1,043,735,138.72. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Bruce R. Berkowitz sold 88,700 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $54.03, for a total transaction of $4,792,461.00. Following the transaction, the director now owns 19,236,024 shares of the company’s stock, valued at approximately $1,039,322,376.72. The disclosure for this sale can be found here. Insiders sold a total of 106,800 shares of company stock valued at $5,780,959 in the last quarter. Corporate insiders own 41.60% of the company’s stock.

St. Joe Trading Up 2.5 %

Shares of JOE stock opened at $57.39 on Thursday. The firm has a market capitalization of $3.35 billion, a P/E ratio of 42.83 and a beta of 1.30. The St. Joe Company has a 1 year low of $38.81 and a 1 year high of $65.99. The firm’s fifty day simple moving average is $54.76 and its 200 day simple moving average is $54.26. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.90.

St. Joe (NYSE:JOE) last posted its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.23 earnings per share (EPS) for the quarter. The company had revenue of $86.70 million for the quarter. St. Joe had a net margin of 19.96% and a return on equity of 11.40%.

St. Joe Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Monday, March 4th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.48 annualized dividend and a yield of 0.84%. St. Joe’s dividend payout ratio is 35.82%.

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.