US Bancorp DE Acquires 700 Shares of The St. Joe Company (NYSE:JOE)

US Bancorp DE grew its holdings in shares of The St. Joe Company (NYSE:JOE) by 163.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,128 shares of the financial services provider’s stock after acquiring an additional 700 shares during the quarter. US Bancorp DE’s holdings in St. Joe were worth $66,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JOE. EverSource Wealth Advisors LLC increased its position in St. Joe by 263.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 589 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 427 shares during the period. Quest Partners LLC increased its position in shares of St. Joe by 72,300.0% during the second quarter. Quest Partners LLC now owns 724 shares of the financial services provider’s stock valued at $40,000 after buying an additional 723 shares during the period. Blue Trust Inc. raised its stake in St. Joe by 549.1% in the third quarter. Blue Trust Inc. now owns 727 shares of the financial services provider’s stock worth $40,000 after buying an additional 615 shares in the last quarter. nVerses Capital LLC boosted its position in St. Joe by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 800 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 400 shares in the last quarter. Finally, Lowe Wealth Advisors LLC purchased a new position in shares of St. Joe during the 2nd quarter worth approximately $63,000. Institutional investors own 86.67% of the company’s stock.

Insider Transactions at St. Joe

In related news, major shareholder Bruce R. Berkowitz sold 343,400 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $53.45, for a total transaction of $18,354,730.00. Following the completion of the transaction, the insider now owns 17,396,624 shares of the company’s stock, valued at $929,849,552.80. This trade represents a 1.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jorge Luis Gonzalez bought 1,695 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was bought at an average cost of $53.05 per share, for a total transaction of $89,919.75. Following the completion of the purchase, the chief executive officer now owns 60,093 shares of the company’s stock, valued at approximately $3,187,933.65. The trade was a 2.90 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 600,700 shares of company stock valued at $33,085,747 in the last three months. 38.80% of the stock is currently owned by company insiders.

St. Joe Stock Down 0.2 %

Shares of NYSE:JOE opened at $49.96 on Monday. The firm has a market capitalization of $2.92 billion, a P/E ratio of 42.34 and a beta of 1.27. The stock has a 50 day moving average price of $56.38 and a 200-day moving average price of $56.95. The St. Joe Company has a 52-week low of $49.36 and a 52-week high of $64.69. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.34 and a current ratio of 1.34.

St. Joe Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 7th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, November 7th. St. Joe’s dividend payout ratio (DPR) is presently 47.46%.

St. Joe Company Profile

The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Northwest Florida. It operates through three segments: Residential, Hospitality, and Commercial. The Residential segment engages in the development of communities into homesites for sale to homebuilders and on a limited basis to retail customers.