Bruce Berkowitz Sells 8,800 Shares of St. Joe (NYSE:JOE) Stock

St. Joe Company (The) (NYSE:JOE) major shareholder Bruce Berkowitz sold 8,800 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $73.14, for a total value of $643,632.00. Following the completion of the sale, the insider owned 16,096,124 shares of the company’s stock, valued at approximately $1,177,270,509.36. This represents a 0.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

St. Joe Price Performance

JOE stock opened at $72.02 on Thursday. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $4.14 billion, a P/E ratio of 36.01 and a beta of 1.30. The business has a 50 day simple moving average of $66.11 and a 200-day simple moving average of $58.23. St. Joe Company has a twelve month low of $40.19 and a twelve month high of $73.54.

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

St. Joe Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Monday, March 9th will be issued a dividend of $0.16 per share. 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 (DPR) is currently 32.00%.

Trending Headlines about St. Joe

Here are the key news stories impacting St. Joe this week:

• Positive Sentiment: Company fundamentals/dividend: St. Joe recently reported solid Q4 results and management commentary signaling continued development and sales momentum; the company also declared a quarterly dividend (annualized $0.64, ex‑dividend date Mar. 9) that supports income investors and reflects healthy free‑cash expectations. MarketBeat: JOE overview (earnings & dividend)
• Positive Sentiment: Management commentary / growth signal: Earnings‑call coverage summarized by third parties highlights continued progress on St. Joe’s development pipeline and execution, which could underpin medium‑term revenue and margin expansion for a land/development play. TipRanks: Earnings call summary
• Neutral Sentiment: Third‑party comparison/analysis: An analyst blog compared St. Joe to peer Berkeley Group — useful for relative valuation checks but not a company‑specific catalyst. AmericanBankingNews analysis
• Neutral Sentiment: Local / community press unrelated to the firm: Several local news items (city council actions in St. Joseph, MO; community events and sports) reference “St. Joseph” or “St. Joe” but are not about The St. Joe Company (real estate firm in Florida) and are unlikely to affect the stock materially. KQ2: St. Joseph Missouri item Yahoo: City Council postpones ordinance
• Negative Sentiment: Insider selling by major shareholder: Bruce R. Berkowitz disclosed multiple small sales between Feb. 27 and Mar. 3 (totaling roughly 39,000 shares across filings), trimming a very large stake by a fractional amount. Even modest sales by a high‑profile >10% holder can create short‑term downward pressure or signal portfolio rebalancing to some investors. InsiderTrades: Berkowitz sales alert

Wall Street Analyst Weigh In

A number of research firms have weighed in on JOE. Wall Street Zen cut St. Joe from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of St. Joe in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, St. Joe currently has an average rating of “Buy”.

Hedge Funds Weigh In On St. Joe

Large investors have recently made changes to their positions in the stock. Camelot Portfolios LLC purchased a new position in St. Joe in the fourth quarter valued at about $30,000. Kestra Advisory Services LLC acquired a new stake in shares of St. Joe in the 4th quarter worth approximately $32,000. Financial Consulate Inc. purchased a new position in St. Joe in the 3rd quarter valued at approximately $31,000. EverSource Wealth Advisors LLC increased its stake in St. Joe by 155.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 652 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 397 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in St. Joe by 2,265.5% during the second quarter. Parkside Financial Bank & Trust now owns 686 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 657 shares during the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

St. Joe Company 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.