Annex Advisory Services LLC Boosts Position in The St. Joe Company (NYSE:JOE)

Annex Advisory Services LLC grew its holdings in shares of The St. Joe Company (NYSE:JOE) by 7.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,354 shares of the financial services provider’s stock after buying an additional 1,131 shares during the period. Annex Advisory Services LLC’s holdings in St. Joe were worth $948,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Connectus Wealth LLC purchased a new stake in St. Joe in the fourth quarter worth $2,411,000. Old West Investment Management LLC grew its stake in St. Joe by 4.7% in the fourth quarter. Old West Investment Management LLC now owns 69,415 shares of the financial services provider’s stock worth $4,177,000 after purchasing an additional 3,137 shares during the period. Capital Research Global Investors grew its stake in St. Joe by 41.0% in the fourth quarter. Capital Research Global Investors now owns 235,601 shares of the financial services provider’s stock worth $14,178,000 after purchasing an additional 68,500 shares during the period. Lumbard & Kellner LLC grew its stake in St. Joe by 2.0% in the fourth quarter. Lumbard & Kellner LLC now owns 10,161 shares of the financial services provider’s stock worth $611,000 after purchasing an additional 200 shares during the period. Finally, Advisory Services Network LLC bought a new stake in St. Joe in the fourth quarter worth $203,000. 86.67% of the stock is owned by hedge funds and other institutional investors.

St. Joe Trading Down 1.3 %

Shares of NYSE:JOE opened at $52.52 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.47 and a quick ratio of 1.47. The St. Joe Company has a 1 year low of $44.20 and a 1 year high of $65.99. The company has a market cap of $3.07 billion, a P/E ratio of 37.51 and a beta of 1.28. The stock’s fifty day moving average price is $56.21 and its 200-day moving average price is $56.08.

St. Joe (NYSE:JOE) last released its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.24 EPS for the quarter. St. Joe had a return on equity of 11.69% and a net margin of 20.10%. The company had revenue of $87.80 million for the quarter.

St. Joe Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Wednesday, May 15th were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, May 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.91%. St. Joe’s dividend payout ratio (DPR) is presently 34.29%.

Insider Activity at St. Joe

In other St. Joe news, Director Bruce R. Berkowitz sold 65,500 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $58.25, for a total value of $3,815,375.00. Following the transaction, the director now directly owns 18,288,924 shares of the company’s stock, valued at $1,065,329,823. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other St. Joe news, Director Bruce R. Berkowitz sold 1,500 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $59.19, for a total value of $88,785.00. Following the transaction, the director now directly owns 19,227,224 shares of the company’s stock, valued at $1,138,059,388.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bruce R. Berkowitz sold 65,500 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $58.25, for a total value of $3,815,375.00. Following the completion of the transaction, the director now directly owns 18,288,924 shares in the company, valued at approximately $1,065,329,823. The disclosure for this sale can be found here. Insiders have sold 163,600 shares of company stock valued at $9,559,650 over the last ninety days. Insiders own 38.80% of the company’s stock.

St. Joe Company Profile

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.