WINTON GROUP Ltd Makes New Investment in St. Joe Company (The) $JOE

WINTON GROUP Ltd bought a new stake in shares of St. Joe Company (The) (NYSE:JOE) in the third quarter, HoldingsChannel.com reports. The firm bought 21,377 shares of the financial services provider’s stock, valued at approximately $1,058,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of St. Joe by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 5,959,298 shares of the financial services provider’s stock worth $294,866,000 after buying an additional 179,877 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in St. Joe by 54.7% in the third quarter. Victory Capital Management Inc. now owns 407,438 shares of the financial services provider’s stock valued at $20,160,000 after acquiring an additional 144,121 shares during the period. Select Equity Group L.P. purchased a new position in St. Joe in the second quarter worth about $6,347,000. AQR Capital Management LLC boosted its position in St. Joe by 155.9% in the second quarter. AQR Capital Management LLC now owns 194,664 shares of the financial services provider’s stock worth $9,285,000 after purchasing an additional 118,580 shares during the last quarter. Finally, River Road Asset Management LLC grew its stake in shares of St. Joe by 86.0% during the 2nd quarter. River Road Asset Management LLC now owns 186,830 shares of the financial services provider’s stock valued at $9,435,000 after purchasing an additional 86,365 shares during the period. 86.67% of the stock is owned by institutional investors.

St. Joe Stock Performance

JOE traded up $0.41 during midday trading on Friday, reaching $69.81. The company had a trading volume of 19,469 shares, compared to its average volume of 187,818. The business has a 50-day moving average of $67.38 and a two-hundred day moving average of $59.01. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.73. St. Joe Company has a 1 year low of $40.19 and a 1 year high of $73.54. The company has a market cap of $4.02 billion, a P/E ratio of 34.88 and a beta of 1.30.

St. Joe (NYSE:JOE) last posted its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $0.52 earnings per share for the quarter. St. Joe had a return on equity of 15.23% and a net margin of 22.52%.The firm had revenue of $128.89 million for the quarter.

St. Joe Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Monday, March 9th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.9%. St. Joe’s dividend payout ratio is 32.00%.

Insider Activity

In related news, major shareholder Bruce R. Berkowitz sold 1,400 shares of St. Joe stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $73.50, for a total transaction of $102,900.00. Following the sale, the insider owned 16,094,724 shares of the company’s stock, valued at approximately $1,182,962,214. This trade represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 229,900 shares of company stock worth $15,201,327 in the last three months. Company insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on JOE shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of St. Joe in a research report on Monday, December 29th. Wall Street Zen lowered shares of St. Joe from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

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.