Brevan Howard Capital Management LP Increases Stake in The St. Joe Company (NYSE:JOE)

Brevan Howard Capital Management LP raised its holdings in shares of The St. Joe Company (NYSE:JOE) by 49.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,199 shares of the financial services provider’s stock after acquiring an additional 1,728 shares during the quarter. Brevan Howard Capital Management LP’s holdings in St. Joe were worth $234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in St. Joe by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 6,197,402 shares of the financial services provider’s stock worth $278,449,000 after acquiring an additional 252,906 shares during the period. Geode Capital Management LLC lifted its position in St. Joe by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 906,668 shares of the financial services provider’s stock worth $40,746,000 after buying an additional 8,031 shares during the last quarter. Horizon Kinetics Asset Management LLC boosted its stake in St. Joe by 7.7% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 564,202 shares of the financial services provider’s stock worth $25,350,000 after buying an additional 40,354 shares in the last quarter. Northern Trust Corp boosted its stake in St. Joe by 7.4% in the fourth quarter. Northern Trust Corp now owns 434,283 shares of the financial services provider’s stock worth $19,512,000 after buying an additional 29,918 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in St. Joe by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 364,559 shares of the financial services provider’s stock valued at $16,380,000 after acquiring an additional 6,904 shares during the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

St. Joe Trading Up 0.1%

JOE stock opened at $44.49 on Monday. The company has a market capitalization of $2.59 billion, a PE ratio of 37.70 and a beta of 1.37. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.34 and a current ratio of 1.34. The St. Joe Company has a one year low of $40.19 and a one year high of $64.69. The company’s 50 day moving average price is $44.30 and its two-hundred day moving average price is $46.80.

St. Joe (NYSE:JOE) last issued its earnings results on Wednesday, April 23rd. The financial services provider reported $0.30 EPS for the quarter. St. Joe had a net margin of 17.76% and a return on equity of 9.58%. The company had revenue of $94.20 million for the quarter.

St. Joe Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, June 10th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.26%. The ex-dividend date is Tuesday, June 10th. St. Joe’s dividend payout ratio is presently 42.11%.

Insider Buying and Selling

In other news, major shareholder Bruce R. Berkowitz sold 2,900 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $47.01, for a total transaction of $136,329.00. Following the completion of the sale, the insider now owns 16,940,624 shares of the company’s stock, valued at approximately $796,378,734.24. This represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 300,000 shares of company stock worth $14,113,022 in the last ninety days. 0.32% of the stock is owned by insiders.

St. Joe 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.