4,610 Shares in St. Joe Company (The) $JOE Acquired by Savant Capital LLC

Savant Capital LLC purchased a new stake in St. Joe Company (The) (NYSE:JOE) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 4,610 shares of the financial services provider’s stock, valued at approximately $220,000.

Other large investors have also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of St. Joe by 21.1% in the second quarter. GAMMA Investing LLC now owns 1,295 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 226 shares during the last quarter. Arete Wealth Advisors LLC lifted its holdings in St. Joe by 8.3% during the 1st quarter. Arete Wealth Advisors LLC now owns 5,467 shares of the financial services provider’s stock worth $257,000 after buying an additional 420 shares during the period. Rossby Financial LCC grew its position in shares of St. Joe by 3.6% in the 2nd quarter. Rossby Financial LCC now owns 17,225 shares of the financial services provider’s stock valued at $822,000 after buying an additional 600 shares during the last quarter. MAI Capital Management grew its position in shares of St. Joe by 120.8% in the 1st quarter. MAI Capital Management now owns 1,104 shares of the financial services provider’s stock valued at $52,000 after buying an additional 604 shares during the last quarter. Finally, Legacy Capital Group California Inc. increased its stake in shares of St. Joe by 13.7% in the first quarter. Legacy Capital Group California Inc. now owns 5,570 shares of the financial services provider’s stock valued at $262,000 after buying an additional 671 shares during the period. Institutional investors own 86.67% of the company’s stock.

Wall Street Analyst Weigh In

JOE has been the topic of a number of recent analyst reports. Wall Street Zen raised St. Joe from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Weiss Ratings restated a “hold (c+)” rating on shares of St. Joe in a report on Thursday, November 13th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

St. Joe Stock Down 0.8%

Shares of St. Joe stock opened at $55.94 on Thursday. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 31.08 and a beta of 1.44. The stock’s 50-day moving average is $52.07 and its 200 day moving average is $49.62. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.45 and a quick ratio of 1.45. St. Joe Company has a one year low of $40.19 and a one year high of $61.00.

St. Joe (NYSE:JOE) last issued its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter. The firm had revenue of $161.08 million for the quarter. St. Joe had a return on equity of 14.10% and a net margin of 21.40%.

St. Joe Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Thursday, November 13th will be paid a dividend of $0.16 per share. This is a boost from St. Joe’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, November 13th. St. Joe’s payout ratio is currently 35.56%.

Insider Buying and Selling

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 104,100 shares of the firm’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $51.08, for a total value of $5,317,428.00. Following the completion of the sale, the insider directly owned 16,324,624 shares in the company, valued at approximately $833,861,793.92. This trade represents a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 210,400 shares of company stock valued at $10,694,988 in the last ninety days. Company insiders own 0.32% of the company’s stock.

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.