St. Joe Company (The) $JOE Holdings Trimmed by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp lowered its holdings in St. Joe Company (The) (NYSE:JOE) by 31.2% in the second quarter, Holdings Channel.com reports. The firm owned 18,821 shares of the financial services provider’s stock after selling 8,538 shares during the period. Texas Permanent School Fund Corp’s holdings in St. Joe were worth $898,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of JOE. EverSource Wealth Advisors LLC grew its holdings in shares of St. Joe by 155.7% during the second quarter. EverSource Wealth Advisors LLC now owns 652 shares of the financial services provider’s stock valued at $31,000 after buying an additional 397 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in St. Joe by 2,265.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 686 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 657 shares during the period. Smartleaf Asset Management LLC grew its stake in St. Joe by 31.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 977 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 236 shares in the last quarter. MAI Capital Management increased its holdings in shares of St. Joe by 120.8% in the 1st quarter. MAI Capital Management now owns 1,104 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 604 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of St. Joe by 21.1% in the second quarter. GAMMA Investing LLC now owns 1,295 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 226 shares in the last quarter. Institutional investors and hedge funds own 86.67% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on JOE shares. Wall Street Zen raised shares of St. Joe from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Weiss Ratings restated a “buy (b-)” rating on shares of St. Joe in a report on Monday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

St. Joe Price Performance

Shares of JOE opened at $58.95 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.25 and a current ratio of 2.25. The firm has a market cap of $3.40 billion, a PE ratio of 32.75 and a beta of 1.37. The firm’s 50 day moving average price is $57.76 and its 200 day moving average price is $52.41. St. Joe Company has a twelve month low of $40.19 and a twelve month high of $63.13.

St. Joe (NYSE:JOE) last announced its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $0.67 EPS for the quarter. The company had revenue of $161.08 million for the quarter. St. Joe had a net margin of 21.40% and a return on equity of 13.96%.

St. Joe Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Thursday, November 13th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.1%. This is an increase from St. Joe’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, November 13th. St. Joe’s dividend payout ratio is 35.56%.

Insider Buying and Selling at St. Joe

In other news, major shareholder Bruce R. Berkowitz sold 6,100 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $62.00, for a total transaction of $378,200.00. Following the completion of the sale, the insider owned 16,252,724 shares in the company, valued at approximately $1,007,668,888. This represents a 0.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 71,900 shares of company stock valued at $4,480,854 over the last ninety days. 0.32% of the stock is owned by insiders.

St. Joe Company Profile

The St. Joe Company (NYSE: JOE) is a leading real estate development and asset management firm focused on Northwest Florida. Headquartered in Jacksonville, the company owns and manages approximately 171,000 acres of land across Bay, Gulf, Franklin and Walton counties. St. Joe’s core businesses include residential community development, commercial real estate, and hospitality, with an emphasis on master-planned neighborhoods, office and retail campuses, resort hotels and mixed-use town centers.

Founded in 1936 as a paper manufacturing company, St.