Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. Sells 7,965 Shares of St. Joe Company (The) $JOE

Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. reduced its holdings in shares of St. Joe Company (The) (NYSE:JOE) by 33.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,965 shares of the financial services provider’s stock after selling 7,965 shares during the quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P.’s holdings in St. Joe were worth $762,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. State Street Corp boosted its holdings in St. Joe by 0.7% during the second quarter. State Street Corp now owns 1,396,004 shares of the financial services provider’s stock worth $66,589,000 after purchasing an additional 9,301 shares during the last quarter. Geode Capital Management LLC lifted its position in St. Joe by 2.5% during the 2nd quarter. Geode Capital Management LLC now owns 957,098 shares of the financial services provider’s stock worth $45,658,000 after buying an additional 23,320 shares in the last quarter. Horizon Kinetics Asset Management LLC boosted its stake in shares of St. Joe by 1.0% during the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 555,891 shares of the financial services provider’s stock worth $26,516,000 after buying an additional 5,552 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of St. Joe by 1.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 371,097 shares of the financial services provider’s stock valued at $17,423,000 after acquiring an additional 6,538 shares during the last quarter. Finally, Schwartz Investment Counsel Inc. raised its holdings in St. Joe by 1.5% during the second quarter. Schwartz Investment Counsel Inc. now owns 335,400 shares of the financial services provider’s stock worth $15,999,000 after acquiring an additional 5,000 shares in the last quarter. Institutional investors own 86.67% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on JOE. Wall Street Zen upgraded St. Joe from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Weiss Ratings raised St. Joe from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy”.

St. Joe Stock Performance

JOE opened at $62.78 on Friday. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.75. St. Joe Company has a 12-month low of $40.19 and a 12-month high of $63.13. The business has a 50 day moving average of $55.43 and a 200-day moving average of $51.42. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 34.88 and a beta of 1.37.

St. Joe (NYSE:JOE) last posted its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $0.67 earnings per share for the quarter. St. Joe had a return on equity of 13.96% and a net margin of 21.40%.The business had revenue of $161.08 million for the quarter.

St. Joe Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Thursday, November 13th were paid a dividend of $0.16 per share. The ex-dividend date was Thursday, November 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.0%. This is a boost from St. Joe’s previous quarterly dividend of $0.14. St. Joe’s dividend payout ratio is 35.56%.

About St. Joe

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.