The St. Joe Company (NYSE:JOE) Stock Holdings Increased by KBC Group NV

KBC Group NV lifted its holdings in The St. Joe Company (NYSE:JOE) by 35.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,483 shares of the financial services provider’s stock after purchasing an additional 391 shares during the quarter. KBC Group NV’s holdings in St. Joe were worth $86,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its holdings in 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. Quest Partners LLC raised its position in shares of St. Joe by 72,300.0% during the 2nd quarter. Quest Partners LLC now owns 724 shares of the financial services provider’s stock worth $40,000 after buying an additional 723 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of St. Joe by 549.1% in the 3rd quarter. Blue Trust Inc. now owns 727 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 615 shares during the period. nVerses Capital LLC boosted its holdings in shares of St. Joe by 100.0% in the second quarter. nVerses Capital LLC now owns 800 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 400 shares in the last quarter. Finally, Lowe Wealth Advisors LLC acquired a new position in shares of St. Joe during the second quarter valued at approximately $63,000. Institutional investors own 86.67% of the company’s stock.

Insider Buying and Selling

In related news, CEO Jorge Luis Gonzalez acquired 1,695 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was bought at an average price of $53.05 per share, for a total transaction of $89,919.75. Following the transaction, the chief executive officer now owns 60,093 shares of the company’s stock, valued at approximately $3,187,933.65. The trade was a 2.90 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bruce R. Berkowitz sold 97,200 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $60.34, for a total value 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. This represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 546,600 shares of company stock valued at $29,818,648 over the last three months. Company insiders own 38.80% of the company’s stock.

St. Joe Stock Performance

JOE opened at $50.53 on Friday. The business has a 50 day moving average price of $55.62 and a two-hundred day moving average price of $56.69. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 42.82 and a beta of 1.27. The St. Joe Company has a 1-year low of $49.36 and a 1-year high of $64.69.

St. Joe Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 7th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.56 annualized dividend and a yield of 1.11%. St. Joe’s dividend payout ratio is currently 47.46%.

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.