Covestor Ltd Has $1.35 Million Position in The St. Joe Company (NYSE:JOE)

Covestor Ltd raised its stake in The St. Joe Company (NYSE:JOE) by 17.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,023 shares of the financial services provider’s stock after acquiring an additional 4,553 shares during the period. St. Joe makes up 0.8% of Covestor Ltd’s portfolio, making the stock its 8th biggest position. Covestor Ltd owned approximately 0.05% of St. Joe worth $1,349,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Arete Wealth Advisors LLC grew its holdings in St. Joe by 5.1% during the 4th quarter. Arete Wealth Advisors LLC now owns 5,047 shares of the financial services provider’s stock valued at $226,000 after buying an additional 243 shares in the last quarter. Carmel Capital Partners LLC raised its position in shares of St. Joe by 4.6% in the 4th quarter. Carmel Capital Partners LLC now owns 8,516 shares of the financial services provider’s stock worth $383,000 after acquiring an additional 375 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of St. Joe by 277.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 430 shares in the last quarter. Legacy Capital Group California Inc. raised its position in shares of St. Joe by 12.4% in the 4th quarter. Legacy Capital Group California Inc. now owns 4,899 shares of the financial services provider’s stock worth $220,000 after acquiring an additional 540 shares in the last quarter. Finally, KBC Group NV grew its stake in St. Joe by 38.8% during the 4th quarter. KBC Group NV now owns 2,059 shares of the financial services provider’s stock worth $93,000 after buying an additional 576 shares during the last quarter. 86.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at St. Joe

In related news, major shareholder Bruce R. Berkowitz sold 95,700 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $47.11, for a total transaction of $4,508,427.00. Following the transaction, the insider now owns 17,162,524 shares of the company’s stock, valued at $808,526,505.64. This trade represents a 0.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have sold a total of 300,000 shares of company stock worth $14,113,022 over the last ninety days. Corporate insiders own 38.80% of the company’s stock.

St. Joe Stock Down 1.7 %

JOE stock traded down $0.74 on Thursday, hitting $42.58. 10,423 shares of the company’s stock were exchanged, compared to its average volume of 218,362. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a 50 day moving average price of $46.26 and a two-hundred day moving average price of $49.25. The stock has a market cap of $2.48 billion, a P/E ratio of 36.08 and a beta of 1.28. The St. Joe Company has a 12-month low of $40.19 and a 12-month high of $64.69.

St. Joe (NYSE:JOE) last released its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $0.32 earnings per share for the quarter. St. Joe had a return on equity of 9.58% and a net margin of 17.76%. The company had revenue of $104.30 million during the quarter.

St. Joe Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Monday, March 10th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Monday, March 10th. St. Joe’s payout ratio is currently 44.09%.

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.