WINTON GROUP Ltd Boosts Position in The St. Joe Company (NYSE:JOE)

WINTON GROUP Ltd raised its holdings in shares of The St. Joe Company (NYSE:JOE) by 31.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,452 shares of the financial services provider’s stock after buying an additional 5,657 shares during the period. WINTON GROUP Ltd’s holdings in St. Joe were worth $1,054,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of JOE. Vanguard Group Inc. raised its stake in shares of St. Joe by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 6,197,402 shares of the financial services provider’s stock valued at $278,449,000 after acquiring an additional 252,906 shares during the period. State Street Corp increased its holdings in St. Joe by 5.7% in the 3rd quarter. State Street Corp now owns 1,396,046 shares of the financial services provider’s stock valued at $81,403,000 after purchasing an additional 75,374 shares in the last quarter. Geode Capital Management LLC increased its holdings in St. Joe by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 898,637 shares of the financial services provider’s stock valued at $52,409,000 after purchasing an additional 23,973 shares in the last quarter. Horizon Kinetics Asset Management LLC raised its position in St. Joe by 7.7% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 564,202 shares of the financial services provider’s stock valued at $25,350,000 after purchasing an additional 40,354 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of St. Joe by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 364,559 shares of the financial services provider’s stock worth $16,380,000 after purchasing an additional 6,904 shares in the last quarter. 86.67% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, major shareholder Bruce R. Berkowitz sold 95,700 shares of St. Joe stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $47.11, for a total transaction of $4,508,427.00. Following the sale, the insider now directly owns 17,162,524 shares of the company’s stock, valued at approximately $808,526,505.64. The trade was a 0.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 300,000 shares of company stock worth $14,113,022 in the last quarter. 38.80% of the stock is owned by corporate insiders.

St. Joe Price Performance

Shares of NYSE JOE opened at $46.34 on Friday. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 39.27 and a beta of 1.30. 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 St. Joe Company has a 1-year low of $42.94 and a 1-year high of $64.69. The business has a 50-day moving average of $47.09 and a 200-day moving average of $50.29.

St. Joe (NYSE:JOE) last posted 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 net margin of 17.76% and a return on equity of 9.58%. The company had revenue of $104.30 million for the quarter.

St. Joe Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Monday, March 10th were issued a $0.14 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.56 dividend on an annualized basis and a yield of 1.21%. St. Joe’s dividend payout ratio is currently 44.09%.

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.