St. Joe (NYSE:JOE) Major Shareholder Bruce Berkowitz Sells 140,400 Shares of Stock

St. Joe Company (The) (NYSE:JOE) major shareholder Bruce Berkowitz sold 140,400 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $65.71, for a total transaction of $9,225,684.00. Following the sale, the insider directly owned 15,073,624 shares in the company, valued at approximately $990,487,833.04. The trade was a 0.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

St. Joe Price Performance

Shares of JOE traded up $1.05 during trading hours on Tuesday, reaching $66.37. The stock had a trading volume of 197,598 shares, compared to its average volume of 230,764. St. Joe Company has a 12 month low of $46.37 and a 12 month high of $73.54. The stock has a market capitalization of $3.81 billion, a PE ratio of 34.21 and a beta of 1.28. 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’s 50-day moving average is $65.69 and its two-hundred day moving average is $65.44.

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

St. Joe Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Weiss Ratings downgraded shares of St. Joe from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 22nd. Wall Street Zen cut shares of St. Joe from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, St. Joe currently has an average rating of “Hold”.

Institutional Trading of St. Joe

A number of institutional investors have recently bought and sold shares of the company. Camelot Portfolios LLC acquired a new position in shares of St. Joe in the 4th quarter valued at about $30,000. Kestra Advisory Services LLC acquired a new stake in St. Joe during the fourth quarter worth approximately $32,000. EverSource Wealth Advisors LLC grew its stake in St. Joe by 155.7% during the second quarter. EverSource Wealth Advisors LLC now owns 652 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 397 shares during the period. Quarry LP bought a new stake in St. Joe in the third quarter worth approximately $39,000. Finally, Smartleaf Asset Management LLC lifted its stake in St. Joe by 31.8% in the second quarter. Smartleaf Asset Management LLC now owns 977 shares of the financial services provider’s stock valued at $48,000 after buying an additional 236 shares during the period. Institutional investors own 86.67% of the company’s stock.

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.