SG Americas Securities LLC Has $187,000 Position in The St. Joe Company (NYSE:JOE)

SG Americas Securities LLC boosted its stake in shares of The St. Joe Company (NYSE:JOE) by 17.1% during the second quarter, Holdings Channel.com reports. The fund owned 3,417 shares of the financial services provider’s stock after acquiring an additional 498 shares during the period. SG Americas Securities LLC’s holdings in St. Joe were worth $187,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in shares of St. Joe by 263.6% in the first quarter. EverSource Wealth Advisors LLC now owns 589 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 427 shares during the period. Lowe Wealth Advisors LLC acquired a new position in shares of St. Joe in the 2nd quarter valued at approximately $63,000. GAMMA Investing LLC acquired a new position in shares of St. Joe in the 4th quarter valued at approximately $67,000. Quest Partners LLC bought a new position in St. Joe in the fourth quarter valued at approximately $162,000. Finally, M&T Bank Corp acquired a new position in St. Joe during the fourth quarter valued at approximately $203,000. 86.67% of the stock is owned by institutional investors and hedge funds.

St. Joe Stock Up 2.7 %

NYSE JOE opened at $60.29 on Friday. The St. Joe Company has a fifty-two week low of $45.93 and a fifty-two week high of $64.69. The business has a fifty day moving average price of $57.39 and a two-hundred day moving average price of $56.36. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a market capitalization of $3.52 billion, a PE ratio of 43.06 and a beta of 1.27.

St. Joe (NYSE:JOE) last released its earnings results on Wednesday, July 24th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter. The firm had revenue of $111.60 million for the quarter. St. Joe had a return on equity of 10.07% and a net margin of 18.32%.

St. Joe Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 9th will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $0.56 dividend on an annualized basis and a yield of 0.93%. This is a positive change from St. Joe’s previous quarterly dividend of $0.12. St. Joe’s dividend payout ratio (DPR) is currently 40.00%.

Insiders Place Their Bets

In other news, Director Bruce R. Berkowitz sold 51,600 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $62.28, for a total value of $3,213,648.00. Following the completion of the transaction, the director now directly owns 18,030,924 shares in the company, valued at approximately $1,122,965,946.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other St. Joe news, Director Bruce R. Berkowitz sold 51,600 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $62.28, for a total value of $3,213,648.00. Following the completion of the transaction, the director now owns 18,030,924 shares of the company’s stock, valued at approximately $1,122,965,946.72. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Bruce R. Berkowitz sold 54,000 shares of St. Joe stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $63.76, for a total value of $3,443,040.00. Following the sale, the director now directly owns 18,200,624 shares in the company, valued at $1,160,471,786.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 133,700 shares of company stock valued at $8,426,426. 38.80% of the stock is currently owned by insiders.

St. Joe 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.