St. Joe Company (The) $JOE Shares Sold by UBS Group AG

UBS Group AG decreased its position in shares of St. Joe Company (The) (NYSE:JOE) by 59.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,990 shares of the financial services provider’s stock after selling 58,596 shares during the quarter. UBS Group AG owned approximately 0.07% of St. Joe worth $2,374,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. HRT Financial LP boosted its position in shares of St. Joe by 0.7% during the 2nd quarter. HRT Financial LP now owns 32,349 shares of the financial services provider’s stock worth $1,543,000 after acquiring an additional 213 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of St. Joe by 31.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 977 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 236 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in St. Joe by 1.4% during the fourth quarter. State of Alaska Department of Revenue now owns 23,642 shares of the financial services provider’s stock worth $1,402,000 after purchasing an additional 326 shares during the last quarter. Cresset Asset Management LLC lifted its stake in St. Joe by 8.3% during the third quarter. Cresset Asset Management LLC now owns 4,876 shares of the financial services provider’s stock worth $241,000 after purchasing an additional 373 shares during the last quarter. Finally, Illinois Municipal Retirement Fund boosted its holdings in St. Joe by 2.0% in the third quarter. Illinois Municipal Retirement Fund now owns 19,850 shares of the financial services provider’s stock valued at $982,000 after purchasing an additional 392 shares in the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Weiss Ratings cut shares of St. Joe from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Wall Street Zen downgraded shares of St. Joe from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

St. Joe Stock Up 0.7%

JOE stock opened at $64.23 on Wednesday. The company has a market cap of $3.69 billion, a price-to-earnings ratio of 33.11 and a beta of 1.31. The company has a fifty day moving average price of $65.90 and a 200 day moving average price of $64.66. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.36 and a quick ratio of 2.36. St. Joe Company has a 12 month low of $43.34 and a 12 month high of $73.54.

St. Joe (NYSE:JOE) last issued its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter. St. Joe had a net margin of 21.61% and a return on equity of 14.59%. The company had revenue of $99.04 million for the quarter.

St. Joe Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Tuesday, June 9th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.0%. St. Joe’s dividend payout ratio (DPR) is currently 32.99%.

Insider Transactions at St. Joe

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 189,200 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $65.78, for a total transaction of $12,445,576.00. Following the completion of the sale, the insider directly owned 15,884,424 shares of the company’s stock, valued at $1,044,877,410.72. This represents a 1.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders sold 555,000 shares of company stock valued at $36,918,619. Insiders own 0.35% 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.