River Road Asset Management LLC Has $8.19 Million Stake in St. Joe Company (The) $JOE

River Road Asset Management LLC lowered its position in shares of St. Joe Company (The) (NYSE:JOE) by 24.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 137,874 shares of the financial services provider’s stock after selling 45,729 shares during the period. River Road Asset Management LLC owned about 0.24% of St. Joe worth $8,186,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Nitor Capital Management LLC acquired a new stake in shares of St. Joe during the fourth quarter valued at about $31,789,000. Vanguard Group Inc. increased its stake in shares of St. Joe by 3.1% in the third quarter. Vanguard Group Inc. now owns 5,959,298 shares of the financial services provider’s stock valued at $294,866,000 after buying an additional 179,877 shares during the period. Victory Capital Management Inc. raised its holdings in St. Joe by 54.7% in the 3rd quarter. Victory Capital Management Inc. now owns 407,438 shares of the financial services provider’s stock valued at $20,160,000 after buying an additional 144,121 shares during the last quarter. Select Equity Group L.P. bought a new position in St. Joe in the 2nd quarter valued at approximately $6,347,000. Finally, Janus Henderson Group PLC boosted its position in St. Joe by 668.3% during the 4th quarter. Janus Henderson Group PLC now owns 139,947 shares of the financial services provider’s stock worth $8,310,000 after buying an additional 121,733 shares during the period. Institutional investors and hedge funds own 86.67% of the company’s stock.

St. Joe Stock Down 0.2%

Shares of NYSE:JOE opened at $65.80 on Friday. St. Joe Company has a 1 year low of $45.83 and a 1 year high of $73.54. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.36 and a quick ratio of 2.36. The business’s 50-day moving average is $65.74 and its 200-day moving average is $65.38. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 33.92 and a beta of 1.28.

St. Joe (NYSE:JOE) last issued its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter. St. Joe had a return on equity of 14.59% and a net margin of 21.61%.The firm had revenue of $99.04 million for the quarter.

St. Joe Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Tuesday, June 9th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, June 9th. St. Joe’s dividend payout ratio (DPR) is presently 32.99%.

Analyst Ratings Changes

A number of research firms have weighed in on JOE. Weiss Ratings lowered shares of St. Joe from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 22nd. Wall Street Zen lowered St. Joe from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, St. Joe has a consensus rating of “Hold”.

Insiders Place Their Bets

In related news, major shareholder Bruce R. Berkowitz sold 189,200 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $65.78, for a total transaction of $12,445,576.00. Following the sale, the insider directly owned 15,884,424 shares in the company, valued at approximately $1,044,877,410.72. This represents a 1.18% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 859,600 shares of company stock valued at $56,360,049 over the last 90 days. 0.35% of the stock is currently owned by insiders.

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.