Bruce Berkowitz Sells 19,000 Shares of St. Joe (NYSE:JOE) Stock

St. Joe Company (The) (NYSE:JOE) major shareholder Bruce Berkowitz sold 19,000 shares of the stock in a transaction on Friday, February 27th. The shares were sold at an average price of $71.85, for a total value of $1,365,150.00. Following the completion of the transaction, the insider directly owned 16,116,124 shares of the company’s stock, valued at approximately $1,157,943,509.40. This represents a 0.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

St. Joe Price Performance

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

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

St. Joe Dividend Announcement

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

Wall Street Analysts Forecast Growth

JOE has been the subject of several recent analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of St. Joe in a research note on Monday, December 29th. Wall Street Zen downgraded St. Joe from a “buy” rating to a “hold” rating in a research report on Saturday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

More St. Joe News

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of JOE. EverSource Wealth Advisors LLC raised its position in shares of St. Joe by 39.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 679 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 193 shares in the last quarter. HRT Financial LP grew its holdings in shares of St. Joe by 0.7% during the second quarter. HRT Financial LP now owns 32,349 shares of the financial services provider’s stock worth $1,543,000 after purchasing an additional 213 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of St. Joe by 3.0% during the fourth quarter. ProShare Advisors LLC now owns 7,428 shares of the financial services provider’s stock worth $441,000 after purchasing an additional 218 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of 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 in the last quarter. Finally, Ameritas Investment Partners Inc. lifted its holdings in shares of St. Joe by 6.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,890 shares of the financial services provider’s stock valued at $186,000 after purchasing an additional 237 shares during the last quarter. 86.67% of the stock is owned by institutional investors and hedge funds.

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.