State Street Corp Buys 75,374 Shares of The St. Joe Company (NYSE:JOE)

State Street Corp grew its position in shares of The St. Joe Company (NYSE:JOE) by 5.7% in the 3rd quarter, Holdings Channel reports. The firm owned 1,396,046 shares of the financial services provider’s stock after acquiring an additional 75,374 shares during the quarter. State Street Corp’s holdings in St. Joe were worth $81,403,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JOE. International Assets Investment Management LLC acquired a new stake in shares of St. Joe during the third quarter worth $680,000. Los Angeles Capital Management LLC acquired a new stake in St. Joe during the 3rd quarter worth about $1,237,000. Algert Global LLC raised its position in shares of St. Joe by 9.4% in the 2nd quarter. Algert Global LLC now owns 134,851 shares of the financial services provider’s stock worth $7,376,000 after acquiring an additional 11,592 shares in the last quarter. Citigroup Inc. lifted its stake in shares of St. Joe by 130.5% in the 3rd quarter. Citigroup Inc. now owns 67,539 shares of the financial services provider’s stock valued at $3,938,000 after purchasing an additional 38,243 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of St. Joe by 6.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 357,655 shares of the financial services provider’s stock valued at $20,855,000 after purchasing an additional 22,187 shares in the last quarter. Institutional investors and hedge funds own 86.67% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Bruce R. Berkowitz sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $50.89, for a total transaction of $763,350.00. Following the completion of the sale, the insider now owns 17,770,024 shares in the company, valued at $904,316,521.36. The trade was a 0.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jorge Luis Gonzalez bought 1,695 shares of the stock in a transaction dated Friday, October 25th. The shares were purchased at an average cost of $53.05 per share, for a total transaction of $89,919.75. Following the completion of the transaction, the chief executive officer now directly owns 60,093 shares of the company’s stock, valued at $3,187,933.65. This trade represents a 2.90 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 449,400 shares of company stock valued at $23,953,600 over the last ninety days. 38.80% of the stock is owned by corporate insiders.

St. Joe Trading Up 1.6 %

Shares of JOE stock opened at $47.38 on Tuesday. The St. Joe Company has a fifty-two week low of $46.25 and a fifty-two week high of $64.69. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a 50 day simple moving average of $52.48 and a two-hundred day simple moving average of $55.77. The company has a market cap of $2.77 billion, a P/E ratio of 40.15 and a beta of 1.25.

St. Joe Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 7th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.18%. St. Joe’s payout ratio is presently 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.