Callan Family Office LLC Makes New $501,000 Investment in St. Joe Company (The) $JOE

Callan Family Office LLC acquired a new position in St. Joe Company (The) (NYSE:JOE) during the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 7,993 shares of the financial services provider’s stock, valued at approximately $501,000.

Other large investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its stake in shares of St. Joe by 24.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 847 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 168 shares during the period. HRT Financial LP raised its stake in St. Joe by 0.7% during the 2nd quarter. HRT Financial LP now owns 32,349 shares of the financial services provider’s stock worth $1,543,000 after acquiring an additional 213 shares during the period. ProShare Advisors LLC raised its stake in St. Joe by 3.0% during the 4th quarter. ProShare Advisors LLC now owns 7,428 shares of the financial services provider’s stock worth $441,000 after acquiring an additional 218 shares during the period. Smartleaf Asset Management LLC lifted its holdings in St. Joe by 31.8% during the second quarter. Smartleaf Asset Management LLC now owns 977 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 236 shares in the last quarter. Finally, Arete Wealth Advisors LLC boosted its position in shares of St. Joe by 5.3% in the fourth quarter. Arete Wealth Advisors LLC now owns 6,059 shares of the financial services provider’s stock worth $360,000 after purchasing an additional 303 shares during the period. 86.67% of the stock is owned by hedge funds and other institutional investors.

St. Joe Trading Down 0.7%

JOE stock opened at $69.57 on Wednesday. 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. The business has a 50 day simple moving average of $64.26 and a two-hundred day simple moving average of $65.98. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 32.51 and a beta of 1.29.

St. Joe (NYSE:JOE) last released 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 firm had revenue of $158.86 million for the quarter.

St. Joe Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 21st will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, August 21st. St. Joe’s payout ratio is currently 29.91%.

Wall Street Analyst Weigh In

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

Insider Transactions at St. Joe

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 140,400 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $65.71, for a total value of $9,225,684.00. Following the sale, the insider owned 15,073,624 shares in the company, valued at $990,487,833.04. The trade was a 0.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have sold 506,500 shares of company stock valued at $33,116,206. Insiders own 0.35% of the company’s stock.

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.