UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stock Holdings in The St. Joe Company (NYSE:JOE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of The St. Joe Company (NYSE:JOE) by 8.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,899 shares of the financial services provider’s stock after selling 6,899 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.12% of St. Joe worth $4,134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Quest Partners LLC raised its holdings in St. Joe by 72,300.0% during the 2nd quarter. Quest Partners LLC now owns 724 shares of the financial services provider’s stock valued at $40,000 after buying an additional 723 shares during the period. Blue Trust Inc. grew its position in St. Joe by 549.1% in the 3rd quarter. Blue Trust Inc. now owns 727 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 615 shares during the last quarter. nVerses Capital LLC grew its position in St. Joe by 100.0% in the 2nd quarter. nVerses Capital LLC now owns 800 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 400 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in St. Joe by 86.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,101 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 512 shares during the last quarter. Finally, US Bancorp DE grew its position in St. Joe by 163.6% in the 3rd quarter. US Bancorp DE now owns 1,128 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 700 shares during the last quarter. 86.67% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at St. Joe

In related news, CEO Jorge Luis Gonzalez acquired 1,695 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The shares were bought at an average price of $53.05 per share, with a total value of $89,919.75. Following the completion of the transaction, the chief executive officer now directly owns 60,093 shares in the company, valued at $3,187,933.65. This trade represents a 2.90 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Bruce R. Berkowitz sold 343,400 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $53.45, for a total value of $18,354,730.00. Following the sale, the insider now directly owns 17,396,624 shares in the company, valued at approximately $929,849,552.80. The trade was a 1.94 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 449,400 shares of company stock valued at $23,953,600. 38.80% of the stock is currently owned by corporate insiders.

St. Joe Stock Performance

Shares of St. Joe stock opened at $47.08 on Friday. The stock’s fifty day moving average is $52.93 and its two-hundred day moving average is $55.88. The company has a market capitalization of $2.75 billion, a PE ratio of 39.90 and a beta of 1.25. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.85. The St. Joe Company has a 52 week low of $46.84 and a 52 week high of $64.69.

St. Joe Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 7th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Thursday, November 7th. 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.