Covestor Ltd Increases Stock Holdings in The St. Joe Company (NYSE:JOE)

Covestor Ltd grew its holdings in shares of The St. Joe Company (NYSE:JOE) by 17.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,023 shares of the financial services provider’s stock after purchasing an additional 4,553 shares during the quarter. St. Joe makes up approximately 0.8% of Covestor Ltd’s holdings, making the stock its 8th biggest position. Covestor Ltd owned about 0.05% of St. Joe worth $1,349,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its stake in shares of St. Joe by 30.4% during the third quarter. JPMorgan Chase & Co. now owns 152,565 shares of the financial services provider’s stock valued at $8,896,000 after buying an additional 35,600 shares during the period. Accordant Advisory Group Inc boosted its holdings in St. Joe by 80.8% in the fourth quarter. Accordant Advisory Group Inc now owns 52,227 shares of the financial services provider’s stock worth $2,347,000 after acquiring an additional 23,333 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of St. Joe by 108.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 11,297 shares of the financial services provider’s stock worth $508,000 after purchasing an additional 5,875 shares during the last quarter. Swiss National Bank raised its stake in shares of St. Joe by 17.5% in the fourth quarter. Swiss National Bank now owns 80,400 shares of the financial services provider’s stock worth $3,612,000 after purchasing an additional 12,000 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of St. Joe by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 6,197,402 shares of the financial services provider’s stock worth $278,449,000 after purchasing an additional 252,906 shares during the last quarter. 86.67% of the stock is currently owned by institutional investors.

St. Joe Stock Performance

JOE stock traded down $0.74 during trading on Thursday, hitting $42.58. 10,423 shares of the company traded hands, compared to its average volume of 218,362. The stock’s 50-day simple moving average is $46.26 and its 200 day simple moving average is $49.25. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market cap of $2.48 billion, a PE ratio of 36.08 and a beta of 1.28. The St. Joe Company has a 1 year low of $40.19 and a 1 year high of $64.69.

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

St. Joe Announces Dividend

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

Insiders Place Their Bets

In related news, major shareholder Bruce R. Berkowitz sold 95,700 shares of the business’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $47.11, for a total value of $4,508,427.00. Following the sale, the insider now owns 17,162,524 shares in the company, valued at approximately $808,526,505.64. The trade was a 0.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 300,000 shares of company stock valued at $14,113,022. Insiders own 38.80% of the company’s stock.

St. Joe Company Profile

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.