River Road Asset Management LLC Cuts Holdings in St. Joe Company (The) $JOE

River Road Asset Management LLC decreased its stake in St. Joe Company (The) (NYSE:JOE) by 24.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 137,874 shares of the financial services provider’s stock after selling 45,729 shares during the quarter. River Road Asset Management LLC’s holdings in St. Joe were worth $8,186,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in JOE. Camelot Portfolios LLC bought a new stake in shares of St. Joe during the 4th quarter worth $30,000. EverSource Wealth Advisors LLC increased its stake in St. Joe by 155.7% in the second 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 during the last quarter. Kestra Advisory Services LLC purchased a new stake in St. Joe during the fourth quarter valued at about $32,000. Quarry LP purchased a new stake in St. Joe during the third quarter valued at about $39,000. Finally, Smartleaf Asset Management LLC lifted its stake in St. Joe by 31.8% during the second quarter. Smartleaf Asset Management LLC now owns 977 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 236 shares during the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

St. Joe Price Performance

Shares of NYSE:JOE opened at $65.80 on Friday. The stock has a market cap of $3.78 billion, a PE ratio of 33.92 and a beta of 1.28. The company’s fifty day moving average is $65.74 and its 200 day moving average is $65.38. St. Joe Company has a 52 week low of $45.83 and a 52 week high of $73.54. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.72.

St. Joe (NYSE:JOE) last announced its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $0.24 earnings per share for the quarter. St. Joe had a return on equity of 14.59% and a net margin of 21.61%.The firm had revenue of $99.04 million during the quarter.

St. Joe Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Tuesday, June 9th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, June 9th. St. Joe’s dividend payout ratio is 32.99%.

Analyst Upgrades and Downgrades

JOE has been the subject of a number of research reports. Weiss Ratings cut St. Joe from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 22nd. Wall Street Zen downgraded St. Joe from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Insider Buying and Selling at St. Joe

In related news, major shareholder Bruce R. Berkowitz sold 26,700 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $65.03, for a total value of $1,736,301.00. Following the sale, the insider directly owned 15,214,024 shares of the company’s stock, valued at $989,367,980.72. This trade represents a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 859,600 shares of company stock worth $56,360,049 in the last ninety days. Corporate insiders own 0.35% of the company’s stock.

St. Joe 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.