St. Joe (NYSE:JOE) Announces Earnings Results

St. Joe (NYSE:JOE) issued its earnings results on Wednesday. The financial services provider reported $0.52 EPS for the quarter, FiscalAI reports. The firm had revenue of $128.89 million during the quarter. St. Joe had a net margin of 21.40% and a return on equity of 13.96%.

St. Joe Stock Down 0.7%

Shares of NYSE:JOE traded down $0.47 during trading on Thursday, hitting $68.45. 72,104 shares of the company were exchanged, compared to its average volume of 177,933. The stock has a market cap of $3.95 billion, a price-to-earnings ratio of 38.19 and a beta of 1.34. St. Joe has a fifty-two week low of $40.19 and a fifty-two week high of $71.90. The firm has a fifty day moving average price of $64.96 and a two-hundred day moving average price of $57.49. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.75.

St. Joe Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Monday, March 9th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Monday, March 9th. St. Joe’s dividend payout ratio (DPR) is currently 35.56%.

Analysts Set New Price Targets

A number of analysts recently commented on JOE shares. Wall Street Zen upgraded shares of St. Joe from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Weiss Ratings reiterated a “buy (b-)” rating on shares of St. Joe in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Insider Buying and Selling at St. Joe

In other news, major shareholder Bruce R. Berkowitz sold 87,700 shares of the company’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $65.51, for a total value of $5,745,227.00. Following the sale, the insider directly owned 16,165,024 shares of the company’s stock, valued at approximately $1,058,970,722.24. This represents a 0.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have sold 189,500 shares of company stock worth $12,276,077. 0.32% of the stock is owned by insiders.

Institutional Investors Weigh In On St. Joe

A number of large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its stake in shares of St. Joe by 4.9% during the 1st quarter. Royal Bank of Canada now owns 29,915 shares of the financial services provider’s stock worth $1,404,000 after buying an additional 1,384 shares during the last quarter. AQR Capital Management LLC grew its holdings in St. Joe by 152.4% in the 1st quarter. AQR Capital Management LLC now owns 76,084 shares of the financial services provider’s stock valued at $3,572,000 after buying an additional 45,939 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in St. Joe by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,459 shares of the financial services provider’s stock worth $1,008,000 after buying an additional 951 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of St. Joe by 29.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 87,606 shares of the financial services provider’s stock valued at $4,113,000 after acquiring an additional 19,879 shares during the period. Finally, Intech Investment Management LLC grew its stake in shares of St. Joe by 45.8% in the first quarter. Intech Investment Management LLC now owns 26,218 shares of the financial services provider’s stock valued at $1,231,000 after acquiring an additional 8,235 shares in the last quarter. 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.