St. Joe Company (The) $JOE Stock Position Lifted by Janus Henderson Group PLC

Janus Henderson Group PLC lifted its position in St. Joe Company (The) (NYSE:JOE) by 9.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 153,122 shares of the financial services provider’s stock after acquiring an additional 13,175 shares during the quarter. Janus Henderson Group PLC’s holdings in St. Joe were worth $9,617,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in shares of St. Joe by 24.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 847 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 168 shares in the last quarter. Emmett Investment Management LP bought a new stake in St. Joe during the first quarter valued at $1,713,000. Empowered Funds LLC increased its stake in St. Joe by 197.6% during the first quarter. Empowered Funds LLC now owns 4,139 shares of the financial services provider’s stock valued at $260,000 after purchasing an additional 2,748 shares during the last quarter. Quantinno Capital Management LP raised its holdings in shares of St. Joe by 35.6% during the first quarter. Quantinno Capital Management LP now owns 15,554 shares of the financial services provider’s stock worth $977,000 after purchasing an additional 4,085 shares during the period. Finally, Lazard Asset Management LLC lifted its position in shares of St. Joe by 11.6% in the 1st quarter. Lazard Asset Management LLC now owns 31,356 shares of the financial services provider’s stock worth $1,969,000 after buying an additional 3,264 shares during the last quarter. 86.67% of the stock is currently owned by institutional investors.

Insider Activity at St. Joe

In related news, major shareholder Bruce R. Berkowitz sold 140,400 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $65.71, for a total value of $9,225,684.00. Following the sale, the insider owned 15,073,624 shares of the company’s stock, valued at $990,487,833.04. This trade represents a 0.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 622,200 shares of company stock worth $40,745,299 in the last three months. 0.35% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of St. Joe from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 22nd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

St. Joe Trading Down 0.0%

Shares of NYSE JOE opened at $64.81 on Thursday. The company has a market cap of $3.69 billion, a price-to-earnings ratio of 30.29 and a beta of 1.29. St. Joe Company has a 12-month low of $46.37 and a 12-month high of $73.54. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.71. The stock’s 50 day simple moving average is $63.17 and its 200 day simple moving average is $65.67.

St. Joe (NYSE:JOE) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $0.71 EPS for the quarter. St. Joe had a return on equity of 15.90% and a net margin of 22.45%.The firm had revenue of $158.86 million during the quarter.

St. Joe Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be given a dividend of $0.16 per share. The ex-dividend date is Friday, August 21st. This represents a $0.64 annualized dividend and a dividend yield of 1.0%. St. Joe’s dividend payout ratio is currently 29.91%.

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.