Public Sector Pension Investment Board Increases Holdings in The St. Joe Company (NYSE:JOE)

Public Sector Pension Investment Board raised its stake in The St. Joe Company (NYSE:JOE) by 7.3% during the second quarter, HoldingsChannel reports. The fund owned 78,336 shares of the financial services provider’s stock after buying an additional 5,350 shares during the period. Public Sector Pension Investment Board’s holdings in St. Joe were worth $4,285,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of JOE. Arizona State Retirement System grew its position in St. Joe by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 9,805 shares of the financial services provider’s stock valued at $536,000 after purchasing an additional 180 shares during the last quarter. Texas Permanent School Fund Corp increased its position in shares of St. Joe by 0.6% during the second quarter. Texas Permanent School Fund Corp now owns 31,348 shares of the financial services provider’s stock valued at $1,715,000 after acquiring an additional 185 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of St. Joe by 4.4% during the second quarter. Hsbc Holdings PLC now owns 6,478 shares of the financial services provider’s stock valued at $349,000 after acquiring an additional 274 shares in the last quarter. Rhumbline Advisers raised its holdings in St. Joe by 0.3% in the 2nd quarter. Rhumbline Advisers now owns 101,188 shares of the financial services provider’s stock worth $5,535,000 after acquiring an additional 288 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in St. Joe by 1.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 17,900 shares of the financial services provider’s stock valued at $979,000 after acquiring an additional 300 shares in the last quarter. 86.67% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Bruce R. Berkowitz sold 97,200 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $60.34, for a total transaction of $5,865,048.00. Following the completion of the sale, the director now owns 17,878,924 shares in the company, valued at $1,078,814,274.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Bruce R. Berkowitz sold 28,100 shares of St. Joe stock in a transaction on Monday, July 29th. The shares were sold at an average price of $62.98, for a total transaction of $1,769,738.00. Following the transaction, the director now owns 18,172,524 shares in the company, valued at approximately $1,144,505,561.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Bruce R. Berkowitz sold 97,200 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $60.34, for a total transaction of $5,865,048.00. Following the sale, the director now directly owns 17,878,924 shares of the company’s stock, valued at approximately $1,078,814,274.16. The disclosure for this sale can be found here. Insiders have sold 285,000 shares of company stock valued at $17,558,573 in the last ninety days. 38.80% of the stock is currently owned by company insiders.

St. Joe Stock Performance

Shares of JOE opened at $58.83 on Friday. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 42.02 and a beta of 1.26. The business’s fifty day simple moving average is $59.20 and its two-hundred day simple moving average is $57.15. The St. Joe Company has a 12 month low of $45.93 and a 12 month high of $64.69. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.87.

St. Joe (NYSE:JOE) last released its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.42 EPS for the quarter. The company had revenue of $111.60 million during 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 was paid on Friday, September 6th. Shareholders of record on Friday, August 9th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Friday, August 9th. This is an increase from St. Joe’s previous quarterly dividend of $0.12. St. Joe’s payout ratio is 40.00%.

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.