Insider Selling: St. Joe (NYSE:JOE) Major Shareholder Sells $102,900.00 in Stock

St. Joe Company (The) (NYSE:JOE) major shareholder Bruce Berkowitz sold 1,400 shares of St. Joe stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $73.50, for a total transaction of $102,900.00. Following the transaction, the insider owned 16,094,724 shares in the company, valued at $1,182,962,214. This represents a 0.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

St. Joe Trading Down 1.7%

NYSE:JOE opened at $68.87 on Monday. St. Joe Company has a one year low of $40.19 and a one year high of $73.54. The business has a fifty day moving average price of $66.54 and a 200-day moving average price of $58.57. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 34.44 and a beta of 1.30. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.68 and a quick ratio of 2.68.

St. Joe (NYSE:JOE) last released its earnings results on Wednesday, February 25th. The financial services provider reported $0.52 earnings per share for the quarter. St. Joe had a return on equity of 15.23% and a net margin of 22.52%.The company had revenue of $128.89 million for the quarter.

St. Joe Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Monday, March 9th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.64 annualized dividend and a dividend yield of 0.9%. St. Joe’s dividend payout ratio (DPR) is 32.00%.

Analysts Set New Price Targets

JOE has been the subject of several analyst reports. Wall Street Zen lowered shares of St. Joe from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of St. Joe in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, St. Joe currently has an average rating of “Buy”.

St. Joe News Summary

Here are the key news stories impacting St. Joe this week:

• Positive Sentiment: Company reaffirmed a quarterly dividend ($0.16 per share; $0.64 annualized) with record/ex-dividend timing in early March — supports shareholder yield and cash-return visibility. MarketBeat: St. Joe company summary
• Positive Sentiment: Recent quarterly results (reported Feb. 25) showed solid margins and ROE (EPS $0.52; net margin ~22.5%; ROE ~15.2%), which underpin the company’s valuation relative to peers. MarketBeat: Earnings summary
• Neutral Sentiment: Multiple news items in the feed cover Saint Joseph’s (college sports) and St. Joseph (city) community events — these are organizational/local stories that do not affect St. Joe Company’s real-estate business fundamentals. Examples include coverage of Saint Joseph’s basketball and local public-safety awards. St. Joseph’s rides momentum into A10 Tourney AP: Davidson vs Saint Joseph’s
• Neutral Sentiment: Additional local pieces (high-school sports, drug takeback event, municipal law-enforcement recognition) are community items unrelated to St. Joe’s land-development operations. Local drug takeback event
• Negative Sentiment: A major shareholder, Bruce Berkowitz, disclosed a small sale of 1,400 JOE shares (~$102,900) on March 4 (a ~0.01% reduction of his position). While dollar size is modest relative to his holding, the filing coincided with increased trading and a pullback — investors sometimes read insider sales as a near-term negative signal. InsiderTrades: insider sale alert

Hedge Funds Weigh In On St. Joe

Hedge funds have recently made changes to their positions in the business. Camelot Portfolios LLC bought a new stake in St. Joe during the 4th quarter valued at approximately $30,000. Financial Consulate Inc. purchased a new position in St. Joe in the 3rd quarter worth approximately $31,000. EverSource Wealth Advisors LLC boosted its stake in St. Joe by 155.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 652 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 397 shares during the period. Kestra Advisory Services LLC purchased a new stake in St. Joe during the 4th quarter valued at approximately $32,000. Finally, Parkside Financial Bank & Trust grew its holdings 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 valued at $33,000 after buying an additional 657 shares in the last quarter. Institutional investors own 86.67% of the company’s stock.

About St. Joe

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.