St. Joe (NYSE:JOE) Major Shareholder Sells $2,190,048.00 in Stock

St. Joe Company (The) (NYSE:JOE) major shareholder Bruce Berkowitz sold 33,600 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $65.18, for a total transaction of $2,190,048.00. Following the transaction, the insider owned 15,487,424 shares of the company’s stock, valued at approximately $1,009,470,296.32. This represents a 0.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

St. Joe Stock Down 1.2%

Shares of NYSE JOE opened at $64.73 on Thursday. The stock has a market cap of $3.72 billion, a P/E ratio of 33.36 and a beta of 1.28. The firm has a 50 day moving average price of $65.75 and a 200 day moving average price of $65.17. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.36 and a current ratio of 2.36. St. Joe Company has a 52-week low of $45.75 and a 52-week high of $73.54.

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

St. Joe Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Tuesday, June 9th will be issued a dividend of $0.16 per share. The ex-dividend date is Tuesday, June 9th. This represents a $0.64 dividend on an annualized basis and a yield of 1.0%. St. Joe’s payout ratio is currently 32.99%.

Trending Headlines about St. Joe

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

• Negative Sentiment: Major shareholder Bruce Berkowitz sold 29,000 shares of St. Joe Company (NYSE: JOE), adding to recent selling activity and potentially signaling reduced near-term confidence from a large insider. Article Title
• Negative Sentiment: Additional reports said Berkowitz sold 33,600 shares and 59,100 shares in separate transactions, reinforcing the impression of continued insider distribution. Article Title Article Title

Analysts Set New Price Targets

JOE has been the topic of a number of research reports. Wall Street Zen lowered shares of St. Joe from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Weiss Ratings lowered shares of St. Joe from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, St. Joe presently has an average rating of “Hold”.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Camelot Portfolios LLC bought a new position in St. Joe in the fourth quarter valued at approximately $30,000. EverSource Wealth Advisors LLC lifted its stake in St. Joe by 155.7% in the second quarter. EverSource Wealth Advisors LLC now owns 652 shares of the financial services provider’s stock valued at $31,000 after buying an additional 397 shares in the last quarter. Kestra Advisory Services LLC bought a new position in St. Joe in the fourth quarter valued at approximately $32,000. Quarry LP bought a new position in St. Joe in the third quarter valued at approximately $39,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of St. Joe by 31.8% in the second quarter. Smartleaf Asset Management LLC now owns 977 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 236 shares in the last quarter. 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.