Bruce R. Berkowitz Sells 2,900 Shares of The St. Joe Company (NYSE:JOE) Stock

The St. Joe Company (NYSE:JOE) major shareholder Bruce R. Berkowitz sold 2,900 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $47.01, for a total transaction of $136,329.00. Following the completion of the transaction, the insider now directly owns 16,940,624 shares of the company’s stock, valued at approximately $796,378,734.24. This trade represents a 0.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

St. Joe Trading Down 1.9 %

NYSE:JOE opened at $45.91 on Friday. The St. Joe Company has a 1 year low of $42.94 and a 1 year high of $64.69. The stock’s fifty day moving average price is $47.15 and its two-hundred day moving average price is $50.65. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market cap of $2.68 billion, a P/E ratio of 38.91 and a beta of 1.30.

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

St. Joe Announces Dividend

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of JOE. Thrivent Financial for Lutherans raised its position in shares of St. Joe by 0.8% in the third quarter. Thrivent Financial for Lutherans now owns 29,808 shares of the financial services provider’s stock worth $1,738,000 after buying an additional 236 shares in the last quarter. Arete Wealth Advisors LLC increased its stake in St. Joe by 5.1% in the 4th quarter. Arete Wealth Advisors LLC now owns 5,047 shares of the financial services provider’s stock worth $226,000 after acquiring an additional 243 shares during the last quarter. Carmel Capital Partners LLC raised its holdings in shares of St. Joe by 4.6% in the 4th quarter. Carmel Capital Partners LLC now owns 8,516 shares of the financial services provider’s stock valued at $383,000 after acquiring an additional 375 shares in the last quarter. KBC Group NV boosted its position in shares of St. Joe by 35.8% during the 3rd quarter. KBC Group NV now owns 1,483 shares of the financial services provider’s stock valued at $86,000 after acquiring an additional 391 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of St. Joe by 277.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 430 shares in the last quarter. 86.67% of the stock is owned by institutional investors.

About St. Joe

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.