Bruce Berkowitz Sells 8,800 Shares of St. Joe (NYSE:JOE) Stock

St. Joe Company (The) (NYSE:JOE) major shareholder Bruce Berkowitz sold 8,800 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $73.14, for a total value of $643,632.00. Following the completion of the transaction, the insider owned 16,096,124 shares of the company’s stock, valued at $1,177,270,509.36. This represents a 0.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 Trading Down 0.1%

Shares of NYSE:JOE traded down $0.05 during midday trading on Tuesday, hitting $72.64. 198,154 shares of the stock were exchanged, compared to its average volume of 188,784. The business’s 50-day moving average price is $65.59 and its 200 day moving average price is $57.97. St. Joe Company has a 12 month low of $40.19 and a 12 month high of $73.14. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.68 and a current ratio of 2.68. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 36.32 and a beta of 1.30.

St. Joe (NYSE:JOE) last posted its earnings results on Wednesday, February 25th. The financial services provider reported $0.52 EPS for the quarter. St. Joe had a net margin of 22.52% and a return on equity of 15.23%. The business had revenue of $128.89 million for the quarter.

St. Joe Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Monday, March 9th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Monday, March 9th. St. Joe’s dividend payout ratio is presently 32.00%.

Key Stories Impacting St. Joe

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

• Positive Sentiment: TipRanks summarizes St. Joe’s recent Q4 earnings call as signaling continued growth momentum, highlighting management commentary around development pipeline and sales/operations execution that could support revenue and margin expansion. St. Joe Co Earnings Call Signals Growth Momentum
• Positive Sentiment: Company marketing/brand activity: St. Joe released a new issue of its Watersound Lifestyle member magazine to promote club amenities and member engagement — a small but constructive item for community retention and project branding. Watersound Lifestyle Release
• Neutral Sentiment: Third-party coverage: AmericanBankingNews published an analysis piece comparing St. Joe with peers (Berkeley Group), which may influence some investor research flows but contains no company-specific catalyst. Analyzing Berkeley Group & St. Joe
• Neutral Sentiment: Local/community news (e.g., St. Joseph Reads summit) and unrelated sports/college items are appearing in the press; these boost local visibility but are unlikely to move the stock materially. St. Joseph Reads summit
• Negative Sentiment: Insider selling: Major shareholder Bruce R. Berkowitz disclosed multiple sales between Feb. 27 and March 3 (totaling roughly 39,000 shares sold at prices around $71.85–$73.14), a small percentage reduction of an already large >10% stake. While his remaining holding remains large, the disclosed sales can create short-term downward pressure or signal portfolio rebalancing to some investors. SEC Insider Filing

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wall Street Zen lowered St. Joe from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of St. Joe in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Camelot Portfolios LLC bought a new stake in St. Joe in the fourth quarter worth approximately $30,000. Financial Consulate Inc. acquired a new stake in shares of St. Joe during the 3rd quarter worth approximately $31,000. EverSource Wealth Advisors LLC increased its stake in shares of St. Joe by 155.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 652 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 397 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of St. Joe during the 4th quarter valued at $32,000. Finally, Parkside Financial Bank & Trust boosted its stake in St. Joe by 2,265.5% during the second quarter. Parkside Financial Bank & Trust now owns 686 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 657 shares in the last quarter. 86.67% of the stock is owned by institutional investors and hedge funds.

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.