St. Joe Company (The) $JOE Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC increased its holdings in shares of St. Joe Company (The) (NYSE:JOE) by 516.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 54,900 shares of the financial services provider’s stock after acquiring an additional 46,000 shares during the period. Renaissance Technologies LLC’s holdings in St. Joe were worth $3,448,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in JOE. Royal Bank of Canada raised its position in St. Joe by 4.9% during the first quarter. Royal Bank of Canada now owns 29,915 shares of the financial services provider’s stock worth $1,404,000 after acquiring an additional 1,384 shares during the period. AQR Capital Management LLC grew its position in shares of St. Joe by 152.4% in the first quarter. AQR Capital Management LLC now owns 76,084 shares of the financial services provider’s stock valued at $3,572,000 after purchasing an additional 45,939 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of St. Joe by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,459 shares of the financial services provider’s stock valued at $1,008,000 after purchasing an additional 951 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of St. Joe by 29.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 87,606 shares of the financial services provider’s stock worth $4,113,000 after purchasing an additional 19,879 shares in the last quarter. Finally, Intech Investment Management LLC increased its stake in shares of St. Joe by 45.8% during the first quarter. Intech Investment Management LLC now owns 26,218 shares of the financial services provider’s stock worth $1,231,000 after purchasing an additional 8,235 shares in the last quarter. Institutional investors and hedge funds own 86.67% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of St. Joe from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Insiders Place Their Bets

In related news, major shareholder Bruce R. Berkowitz sold 140,400 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $65.71, for a total transaction of $9,225,684.00. Following the completion of the sale, the insider owned 15,073,624 shares of the company’s stock, valued at approximately $990,487,833.04. This represents a 0.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 535,700 shares of company stock worth $35,028,514 in the last quarter. Insiders own 0.35% of the company’s stock.

St. Joe Stock Up 0.3%

Shares of JOE opened at $67.56 on Friday. The stock has a 50 day moving average price of $63.31 and a 200 day moving average price of $65.69. St. Joe Company has a one year low of $46.37 and a one year high of $73.54. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 31.57 and a beta of 1.29.

St. Joe (NYSE:JOE) last announced its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $0.71 earnings per share for the quarter. St. Joe had a return on equity of 15.90% and a net margin of 22.45%.The company had revenue of $158.86 million for the quarter.

St. Joe Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, August 21st. St. Joe’s dividend payout ratio (DPR) is currently 29.91%.

St. Joe Profile

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.