Insider Selling: St. Joe (NYSE:JOE) Major Shareholder Sells 11,200 Shares of Stock

St. Joe Company (The) (NYSE:JOE) major shareholder Bruce Berkowitz sold 11,200 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $72.64, for a total transaction of $813,568.00. Following the transaction, the insider owned 16,104,924 shares of the company’s stock, valued at approximately $1,169,861,679.36. The trade was a 0.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

St. Joe Trading Down 0.1%

JOE stock traded down $0.05 during midday trading on Tuesday, hitting $72.64. The stock had a trading volume of 198,154 shares, compared to its average volume of 188,784. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.73. The firm has a market cap of $4.18 billion, a P/E ratio of 36.32 and a beta of 1.30. The business has a fifty day moving average price of $65.59 and a two-hundred day moving average price of $57.97. St. Joe Company has a 1-year low of $40.19 and a 1-year high of $73.14.

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

St. Joe Announces Dividend

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

Wall Street Analyst Weigh In

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

Trending Headlines about 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

Hedge Funds Weigh In On St. Joe

Several institutional investors have recently modified their holdings of the business. Camelot Portfolios LLC bought a new stake in St. Joe during the fourth quarter worth $30,000. Financial Consulate Inc. purchased a new stake in shares of St. Joe during the 3rd quarter valued at $31,000. EverSource Wealth Advisors LLC boosted its holdings 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 worth $31,000 after buying an additional 397 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in shares of St. Joe in the 4th quarter worth about $32,000. Finally, Parkside Financial Bank & Trust increased its holdings 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 buying an additional 657 shares during the last quarter. 86.67% of the stock is owned by institutional investors.

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.