Public Employees Retirement System of Ohio Takes $732,000 Position in St. Joe Company (The) $JOE

Public Employees Retirement System of Ohio acquired a new position in shares of St. Joe Company (The) (NYSE:JOE) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 11,649 shares of the financial services provider’s stock, valued at approximately $732,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in shares of St. Joe by 4.9% during the first quarter. Royal Bank of Canada now owns 29,915 shares of the financial services provider’s stock worth $1,404,000 after purchasing an additional 1,384 shares during the period. AQR Capital Management LLC increased its stake in St. Joe by 152.4% during the 1st quarter. AQR Capital Management LLC now owns 76,084 shares of the financial services provider’s stock worth $3,572,000 after purchasing an additional 45,939 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in St. Joe by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,459 shares of the financial services provider’s stock worth $1,008,000 after purchasing an additional 951 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in St. Joe by 29.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 87,606 shares of the financial services provider’s stock worth $4,113,000 after buying an additional 19,879 shares during the period. Finally, Intech Investment Management LLC raised its holdings in St. Joe by 45.8% during the 1st quarter. Intech Investment Management LLC now owns 26,218 shares of the financial services provider’s stock worth $1,231,000 after buying an additional 8,235 shares during the period. 86.67% of the stock is currently owned by institutional investors.

Insider Activity at St. Joe

In other news, major shareholder Bruce R. Berkowitz sold 140,400 shares of the firm’s stock in a transaction dated 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 transaction, the insider owned 15,073,624 shares in the company, valued at $990,487,833.04. This trade represents a 0.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have sold 647,200 shares of company stock worth $42,378,549. Corporate insiders own 0.35% of the company’s stock.

St. Joe Trading Up 1.3%

NYSE:JOE opened at $64.84 on Wednesday. St. Joe Company has a twelve month low of $46.37 and a twelve month high of $73.54. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.71. The business has a 50 day moving average price of $63.15 and a two-hundred day moving average price of $65.67. The company has a market cap of $3.69 billion, a P/E ratio of 30.30 and a beta of 1.29.

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

St. Joe Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 21st will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $0.64 annualized dividend and a yield of 1.0%. St. Joe’s payout ratio is 29.91%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of St. Joe from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 22nd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, St. Joe has an average rating of “Hold”.

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.