7,993 Shares in St. Joe Company (The) $JOE Purchased by Callan Family Office LLC

Callan Family Office LLC acquired a new stake in shares of St. Joe Company (The) (NYSE:JOE) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 7,993 shares of the financial services provider’s stock, valued at approximately $501,000.

A number of other institutional investors and hedge funds have also bought and sold shares of JOE. State of Wyoming bought a new position in shares of St. Joe in the second quarter worth approximately $26,000. Camelot Portfolios LLC bought a new stake in shares of St. Joe during the fourth quarter valued at approximately $30,000. EverSource Wealth Advisors LLC raised its holdings in 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 acquiring an additional 397 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in St. Joe in the 4th quarter worth approximately $32,000. Finally, Quarry LP bought a new position in St. Joe in the 3rd quarter valued at approximately $39,000. 86.67% of the stock is currently owned by institutional investors.

St. Joe Stock Down 0.7%

St. Joe stock opened at $69.57 on Wednesday. St. Joe Company has a one year low of $46.37 and a one year high of $73.54. The stock has a fifty day moving average of $64.26 and a 200 day moving average of $65.98. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a market cap of $3.96 billion, a PE ratio of 32.51 and a beta of 1.29.

St. Joe (NYSE:JOE) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $0.71 earnings per share for the quarter. St. Joe had a net margin of 22.45% and a return on equity of 15.90%. The firm had revenue of $158.86 million for the quarter.

St. Joe Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 21st will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 21st. St. Joe’s dividend payout ratio is currently 29.91%.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded St. Joe from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.

Insider Buying and Selling

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 140,400 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $65.71, for a total value of $9,225,684.00. Following the transaction, the insider directly owned 15,073,624 shares in the company, valued at approximately $990,487,833.04. This trade represents a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 506,500 shares of company stock worth $33,116,206 over the last three months. 0.35% of the stock is currently owned by corporate insiders.

About St. Joe

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.