Bruce Berkowitz Sells 13,900 Shares of St. Joe (NYSE:JOE) Stock

St. Joe Company (The) (NYSE:JOE) major shareholder Bruce Berkowitz sold 13,900 shares of the firm’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $65.50, for a total transaction of $910,450.00. Following the completion of the sale, the insider directly owned 16,151,124 shares of the company’s stock, valued at approximately $1,057,898,622. The trade was a 0.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

St. Joe Stock Down 2.1%

NYSE JOE traded down $1.35 on Tuesday, reaching $64.04. 133,553 shares of the stock traded hands, compared to its average volume of 212,804. St. Joe Company has a 12 month low of $40.19 and a 12 month high of $66.08. The company has a market cap of $3.70 billion, a price-to-earnings ratio of 35.58 and a beta of 1.32. The company has a fifty day moving average price of $60.70 and a 200-day moving average price of $54.26. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.25 and a current ratio of 2.25.

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

St. Joe Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Thursday, November 13th were given a $0.16 dividend. The ex-dividend date was Thursday, November 13th. This represents a $0.64 annualized dividend and a yield of 1.0%. This is a boost from St. Joe’s previous quarterly dividend of $0.14. St. Joe’s payout ratio is currently 35.56%.

Wall Street Analyst Weigh In

JOE has been the subject of several recent analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of St. Joe in a research note on Monday, December 29th. Wall Street Zen upgraded St. Joe from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, St. Joe has an average rating of “Buy”.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. HRT Financial LP raised its stake in shares of St. Joe by 0.7% in the 2nd quarter. HRT Financial LP now owns 32,349 shares of the financial services provider’s stock valued at $1,543,000 after acquiring an additional 213 shares during the period. GAMMA Investing LLC grew its position in St. Joe by 21.1% in the second quarter. GAMMA Investing LLC now owns 1,295 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 226 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of St. Joe by 31.8% during the second quarter. Smartleaf Asset Management LLC now owns 977 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 236 shares during the period. Ameritas Investment Partners Inc. lifted its stake in shares of St. Joe by 6.5% in the second quarter. Ameritas Investment Partners Inc. now owns 3,890 shares of the financial services provider’s stock worth $186,000 after acquiring an additional 237 shares in the last quarter. Finally, Cresset Asset Management LLC boosted its stake in St. Joe by 8.3% during the 3rd quarter. Cresset Asset Management LLC now owns 4,876 shares of the financial services provider’s stock valued at $241,000 after acquiring an additional 373 shares during the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

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.