Jupiter Topco LLC Buys New Holdings in St. Joe Company (The) $JOE

Jupiter Topco LLC purchased a new position in shares of St. Joe Company (The) (NYSE:JOE) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 18,214 shares of the financial services provider’s stock, valued at approximately $1,140,000.

Other large investors have also bought and sold shares of the company. State of Wyoming purchased a new stake in shares of St. Joe during the second quarter valued at approximately $26,000. EverSource Wealth Advisors LLC increased its stake in shares of St. Joe by 155.7% in the second quarter. EverSource Wealth Advisors LLC now owns 652 shares of the financial services provider’s stock worth $31,000 after buying an additional 397 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of St. Joe in the fourth quarter worth $32,000. Quarry LP bought a new stake in St. Joe during the 3rd quarter valued at $39,000. Finally, Smartleaf Asset Management LLC boosted its position 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 buying an additional 236 shares during the period. 86.67% of the stock is owned by hedge funds and other institutional investors.

St. Joe Price Performance

Shares of NYSE:JOE opened at $66.07 on Friday. The stock’s 50-day moving average is $64.41 and its 200 day moving average is $65.87. The company has a market cap of $3.76 billion, a PE ratio of 30.87 and a beta of 1.29. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.84 and a quick ratio of 1.84. St. Joe Company has a 1 year low of $46.37 and a 1 year high of $73.54.

St. Joe (NYSE:JOE) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $0.71 earnings per share for the quarter. The business had revenue of $158.86 million during the quarter. St. Joe had a return on equity of 15.90% and a net margin of 22.45%.

St. Joe Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 21st will be issued 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 is Friday, August 21st. St. Joe’s dividend payout ratio is currently 29.91%.

Insider Buying and Selling

In related news, major shareholder Bruce Berkowitz sold 140,400 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $65.71, for a total value of $9,225,684.00. Following the completion of the sale, the insider owned 15,073,624 shares of the company’s stock, valued at $990,487,833.04. This trade represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 413,800 shares of company stock valued at $27,079,339 over the last ninety days. Company insiders own 0.35% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of St. Joe from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy”.

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.