Prospera Financial Services Inc Sells 24,761 Shares of St. Joe Company (The) $JOE

Prospera Financial Services Inc lessened its stake in shares of St. Joe Company (The) (NYSE:JOE) by 53.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,470 shares of the financial services provider’s stock after selling 24,761 shares during the period. Prospera Financial Services Inc’s holdings in St. Joe were worth $1,275,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Camelot Portfolios LLC bought a new position in St. Joe during the 4th quarter valued at approximately $30,000. EverSource Wealth Advisors LLC increased its position in St. Joe by 155.7% during the 2nd 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. Quarry LP bought a new position in St. Joe during the 3rd quarter valued at approximately $39,000. Smartleaf Asset Management LLC increased its position 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 buying an additional 236 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in St. Joe by 362.8% during the 4th quarter. Farther Finance Advisors LLC now owns 1,120 shares of the financial services provider’s stock valued at $66,000 after buying an additional 878 shares in the last quarter. Institutional investors own 86.67% of the company’s stock.

St. Joe Stock Up 0.5%

JOE opened at $64.19 on Friday. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.72. The firm has a 50 day moving average price of $65.64 and a 200-day moving average price of $64.74. St. Joe Company has a twelve month low of $43.54 and a twelve month high of $73.54. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 33.09 and a beta of 1.31.

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

St. Joe Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Tuesday, June 9th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $0.64 annualized dividend and a dividend yield of 1.0%. St. Joe’s payout ratio is presently 32.99%.

Insider Activity at St. Joe

In related news, major shareholder Bruce R. Berkowitz sold 29,200 shares of St. Joe stock in a transaction on Monday, May 11th. The stock was sold at an average price of $65.49, for a total value of $1,912,308.00. Following the completion of the sale, the insider owned 15,580,124 shares of the company’s stock, valued at $1,020,342,320.76. The trade was a 0.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 536,000 shares of company stock valued at $35,553,469 over the last three months. Insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on JOE. Weiss Ratings lowered St. Joe from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 22nd. Wall Street Zen lowered St. Joe from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, St. Joe currently has an average rating of “Hold”.

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.