St. Joe Company (The) $JOE Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC cut its stake in St. Joe Company (The) (NYSE:JOE) by 35.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,949 shares of the financial services provider’s stock after selling 8,101 shares during the period. Intech Investment Management LLC’s holdings in St. Joe were worth $888,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Camelot Portfolios LLC acquired a new stake in shares of St. Joe during the fourth quarter worth $30,000. EverSource Wealth Advisors LLC raised its holdings in shares of St. Joe by 155.7% during the second 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. Quarry LP acquired a new stake in shares of St. Joe during the third quarter worth $39,000. Smartleaf Asset Management LLC raised its holdings 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 worth $48,000 after purchasing an additional 236 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in shares of St. Joe by 362.8% during the fourth quarter. Farther Finance Advisors LLC now owns 1,120 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 878 shares during the period. 86.67% of the stock is owned by institutional investors and hedge funds.

St. Joe Stock Performance

Shares of JOE opened at $64.86 on Monday. The firm has a 50-day moving average price of $65.54 and a 200 day moving average price of $64.98. The firm has a market capitalization of $3.72 billion, a PE ratio of 33.43 and a beta of 1.28. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.72. St. Joe Company has a 52-week low of $45.66 and a 52-week high of $73.54.

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

St. Joe Dividend Announcement

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

Analyst Upgrades and Downgrades

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

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 dated Tuesday, May 5th. The shares were 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 approximately $1,044,877,410.72. This represents a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders have sold 514,600 shares of company stock valued at $33,993,369. Corporate insiders own 0.35% of the company’s stock.

St. Joe 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.