Callan Family Office LLC Takes Position in The St. Joe Company (NYSE:JOE)

Callan Family Office LLC acquired a new stake in The St. Joe Company (NYSE:JOE) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 6,744 shares of the financial services provider’s stock, valued at approximately $303,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JOE. Smartleaf Asset Management LLC grew its stake in shares of St. Joe by 277.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider’s stock valued at $26,000 after buying an additional 430 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of St. Joe in the third quarter valued at $35,000. US Bancorp DE grew its stake in shares of St. Joe by 163.6% in the third quarter. US Bancorp DE now owns 1,128 shares of the financial services provider’s stock valued at $66,000 after buying an additional 700 shares in the last quarter. KBC Group NV grew its stake in shares of St. Joe by 35.8% in the third quarter. KBC Group NV now owns 1,483 shares of the financial services provider’s stock valued at $86,000 after buying an additional 391 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of St. Joe in the third quarter valued at $237,000. 86.67% of the stock is currently owned by institutional investors and hedge funds.

St. Joe Price Performance

NYSE:JOE opened at $46.00 on Tuesday. The St. Joe Company has a 1-year low of $42.94 and a 1-year high of $64.69. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.85. The firm has a fifty day simple moving average of $46.94 and a 200 day simple moving average of $51.40. The stock has a market capitalization of $2.68 billion, a PE ratio of 38.98 and a beta of 1.30.

St. Joe (NYSE:JOE) last released its earnings results on Wednesday, February 26th. The financial services provider reported $0.32 earnings per share for the quarter. St. Joe had a net margin of 17.76% and a return on equity of 9.58%. The business had revenue of $104.30 million during the quarter.

St. Joe Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Monday, March 10th will be given a dividend of $0.14 per share. The ex-dividend date is Monday, March 10th. This represents a $0.56 dividend on an annualized basis and a yield of 1.22%. St. Joe’s dividend payout ratio (DPR) is 44.09%.

Insiders Place Their Bets

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 95,700 shares of St. Joe stock in a transaction on Friday, March 7th. The shares were sold at an average price of $47.11, for a total transaction of $4,508,427.00. Following the completion of the transaction, the insider now directly owns 17,162,524 shares of the company’s stock, valued at $808,526,505.64. The trade was a 0.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company 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.