Raymond James & Associates Acquires 5,983 Shares of The St. Joe Company (NYSE:JOE)

Raymond James & Associates lifted its holdings in The St. Joe Company (NYSE:JOE) by 6.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 95,269 shares of the financial services provider’s stock after buying an additional 5,983 shares during the period. Raymond James & Associates’ holdings in St. Joe were worth $5,555,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in JOE. Vanguard Group Inc. increased its holdings in shares of St. Joe by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 5,765,278 shares of the financial services provider’s stock worth $334,213,000 after buying an additional 59,563 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of St. Joe in the 1st quarter worth about $2,097,000. Susquehanna Fundamental Investments LLC increased its holdings in shares of St. Joe by 377.3% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 24,701 shares of the financial services provider’s stock worth $1,351,000 after buying an additional 19,526 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of St. Joe by 493.8% in the 3rd quarter. SG Americas Securities LLC now owns 20,290 shares of the financial services provider’s stock worth $1,183,000 after buying an additional 16,873 shares during the last quarter. Finally, Herr Investment Group LLC bought a new position in St. Joe during the 1st quarter valued at about $928,000. 86.67% of the stock is currently owned by institutional investors.

Insider Activity at St. Joe

In related news, Director Bruce R. Berkowitz sold 54,100 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $60.39, for a total transaction of $3,267,099.00. Following the transaction, the director now directly owns 17,976,124 shares in the company, valued at approximately $1,085,578,128.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other St. Joe news, Director Bruce R. Berkowitz sold 54,100 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $60.39, for a total value of $3,267,099.00. Following the completion of the sale, the director now directly owns 17,976,124 shares of the company’s stock, valued at $1,085,578,128.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jorge Luis Gonzalez acquired 1,695 shares of the stock in a transaction on Friday, October 25th. The stock was bought at an average cost of $53.05 per share, with a total value of $89,919.75. Following the completion of the transaction, the chief executive officer now owns 60,093 shares in the company, valued at $3,187,933.65. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 242,300 shares of company stock worth $13,967,667. Insiders own 38.80% of the company’s stock.

St. Joe Stock Performance

Shares of NYSE:JOE opened at $50.68 on Friday. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 42.95 and a beta of 1.26. The St. Joe Company has a 12 month low of $47.32 and a 12 month high of $64.69. The firm’s 50-day moving average is $57.73 and its 200 day moving average is $57.29. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.85.

St. Joe Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 7th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.56 annualized dividend and a yield of 1.10%. St. Joe’s payout ratio is 47.46%.

St. Joe Profile

The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Northwest Florida. It operates through three segments: Residential, Hospitality, and Commercial. The Residential segment engages in the development of communities into homesites for sale to homebuilders and on a limited basis to retail customers.