Vanguard Group Inc. Increases Stake in The St. Joe Company (NYSE:JOE)

Vanguard Group Inc. grew its position in The St. Joe Company (NYSE:JOE) by 0.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,705,715 shares of the financial services provider’s stock after buying an additional 6,728 shares during the period. Vanguard Group Inc. owned approximately 9.78% of St. Joe worth $343,370,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of JOE. GAMMA Investing LLC purchased a new position in St. Joe in the 4th quarter worth approximately $67,000. Quest Partners LLC bought a new position in shares of St. Joe during the fourth quarter valued at $162,000. M&T Bank Corp purchased a new stake in shares of St. Joe during the fourth quarter valued at $203,000. Advisory Services Network LLC bought a new stake in St. Joe in the 4th quarter worth about $203,000. Finally, Atria Wealth Solutions Inc. purchased a new position in St. Joe in the 4th quarter worth about $218,000. 86.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at St. Joe

In other St. Joe news, Director Bruce R. Berkowitz sold 65,500 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $58.25, for a total transaction of $3,815,375.00. Following the completion of the sale, the director now directly owns 18,288,924 shares in the company, valued at approximately $1,065,329,823. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other St. Joe news, Director Bruce R. Berkowitz sold 1,500 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were 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 in the company, valued at $1,138,059,388.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bruce R. Berkowitz sold 65,500 shares of St. Joe stock in a transaction on Monday, May 20th. The stock was sold at an average price of $58.25, for a total transaction of $3,815,375.00. Following the transaction, the director now owns 18,288,924 shares in the company, valued at approximately $1,065,329,823. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 163,600 shares of company stock worth $9,559,650. 38.80% of the stock is owned by insiders.

St. Joe Price Performance

JOE opened at $54.66 on Friday. The company’s 50-day simple moving average is $56.17 and its two-hundred day simple moving average is $56.03. The St. Joe Company has a 52-week low of $45.93 and a 52-week high of $65.99. The stock has a market capitalization of $3.19 billion, a P/E ratio of 39.04 and a beta of 1.28. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 1.47.

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

St. Joe Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Wednesday, May 15th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend was Tuesday, May 14th. St. Joe’s payout ratio is currently 34.29%.

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.