St. Joe (NYSE:JOE) Major Shareholder Sells $9,225,684.00 in Stock

St. Joe Company (The) (NYSE:JOE) major shareholder Bruce Berkowitz sold 140,400 shares of St. Joe stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $65.71, for a total transaction of $9,225,684.00. Following the sale, the insider directly owned 15,073,624 shares in the company, valued at $990,487,833.04. The trade was a 0.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

St. Joe Price Performance

Shares of NYSE JOE opened at $66.76 on Friday. St. Joe Company has a 1 year low of $46.37 and a 1 year high of $73.54. The stock has a market capitalization of $3.83 billion, a P/E ratio of 34.41 and a beta of 1.28. The company’s 50-day moving average is $65.63 and its 200 day moving average is $65.56. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.36 and a quick ratio of 2.36.

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

St. Joe Dividend Announcement

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

Analyst Ratings Changes

Several brokerages recently weighed in on JOE. Weiss Ratings cut St. Joe from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 22nd. Wall Street Zen lowered St. Joe from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, St. Joe has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JOE. Camelot Portfolios LLC purchased a new position in St. Joe during the fourth quarter valued at $30,000. Kestra Advisory Services LLC purchased a new stake in shares of St. Joe in the fourth quarter worth $32,000. EverSource Wealth Advisors LLC increased its holdings in shares of St. Joe by 155.7% during 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 in the last quarter. Quarry LP bought a new position in shares of St. Joe during the third quarter valued at $39,000. Finally, Smartleaf Asset Management LLC raised its position in shares of St. Joe by 31.8% in the 2nd 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. Institutional investors own 86.67% of the company’s stock.

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.