The St. Joe Company (NYSE:JOE) Shares Sold by Cutter & CO Brokerage Inc.

Cutter & CO Brokerage Inc. decreased its position in shares of The St. Joe Company (NYSE:JOE) by 0.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 54,979 shares of the financial services provider’s stock after selling 197 shares during the period. St. Joe accounts for about 0.9% of Cutter & CO Brokerage Inc.’s holdings, making the stock its 25th largest position. Cutter & CO Brokerage Inc.’s holdings in St. Joe were worth $3,309,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Stonegate Investment Group LLC lifted its stake in St. Joe by 1.2% during the 3rd quarter. Stonegate Investment Group LLC now owns 16,724 shares of the financial services provider’s stock worth $909,000 after acquiring an additional 206 shares in the last quarter. Raymond James & Associates lifted its stake in St. Joe by 0.8% during the 3rd quarter. Raymond James & Associates now owns 31,531 shares of the financial services provider’s stock worth $1,713,000 after acquiring an additional 252 shares in the last quarter. Amalgamated Bank raised its position in St. Joe by 2.2% in the 3rd quarter. Amalgamated Bank now owns 15,909 shares of the financial services provider’s stock valued at $864,000 after purchasing an additional 340 shares in the last quarter. Texas Permanent School Fund Corp raised its position in St. Joe by 1.4% in the 3rd quarter. Texas Permanent School Fund Corp now owns 30,228 shares of the financial services provider’s stock valued at $1,642,000 after purchasing an additional 431 shares in the last quarter. Finally, Signaturefd LLC raised its position in St. Joe by 1,198.0% in the 3rd quarter. Signaturefd LLC now owns 662 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 611 shares in the last quarter. Institutional investors and hedge funds own 86.67% of the company’s stock.

St. Joe Stock Up 1.7 %

JOE stock traded up $0.96 during mid-day trading on Tuesday, reaching $57.03. The company had a trading volume of 159,828 shares, compared to its average volume of 182,350. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 42.56 and a beta of 1.30. The firm has a fifty day simple moving average of $55.13 and a 200 day simple moving average of $54.35. The St. Joe Company has a fifty-two week low of $38.81 and a fifty-two week high of $65.99.

St. Joe (NYSE:JOE) last posted its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.23 earnings per share (EPS) for the quarter. The company had revenue of $86.70 million for the quarter. St. Joe had a return on equity of 11.40% and a net margin of 19.96%.

St. Joe Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Monday, March 4th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.84%. The ex-dividend date was Friday, March 1st. St. Joe’s dividend payout ratio (DPR) is presently 35.82%.

Insider Transactions at St. Joe

In other news, Director Bruce R. Berkowitz sold 4,500 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $55.38, for a total transaction of $249,210.00. Following the sale, the director now owns 19,390,224 shares of the company’s stock, valued at approximately $1,073,830,605.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Bruce R. Berkowitz sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $55.38, for a total transaction of $249,210.00. Following the transaction, the director now owns 19,390,224 shares in the company, valued at approximately $1,073,830,605.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Bruce R. Berkowitz sold 3,100 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $54.04, for a total value of $167,524.00. Following the transaction, the director now owns 19,327,424 shares in the company, valued at approximately $1,044,453,992.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 106,800 shares of company stock valued at $5,780,959. Corporate insiders own 38.80% of the company’s stock.

St. Joe Profile

The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Northwest Florida. It operates through three segments: Residential, Hospitality, and Commercial. The Residential segment engages in the development of communities into homesites for sale to homebuilders and on a limited basis to retail customers.