Bruce Berkowitz Sells 29,200 Shares of St. Joe (NYSE:JOE) Stock

St. Joe Company (The) (NYSE:JOE) major shareholder Bruce Berkowitz sold 29,200 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $65.49, for a total value of $1,912,308.00. Following the completion of the sale, the insider directly owned 15,580,124 shares in the company, valued at $1,020,342,320.76. This represents a 0.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

St. Joe Price Performance

Shares of NYSE JOE opened at $63.81 on Thursday. St. Joe Company has a 1-year low of $42.65 and a 1-year high of $73.54. The firm has a market capitalization of $3.66 billion, a PE ratio of 32.89 and a beta of 1.31. The business’s fifty day moving average price is $67.07 and its two-hundred day moving average price is $64.06. 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 released its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter. St. Joe had a return on equity of 14.59% and a net margin of 21.61%.The company had revenue of $99.04 million during the quarter.

St. Joe Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Tuesday, June 9th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $0.64 annualized dividend and a yield of 1.0%. St. Joe’s dividend payout ratio (DPR) is currently 32.99%.

Analyst Ratings Changes

JOE has been the subject of several research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of St. Joe in a research note on Friday, May 8th. Wall Street Zen lowered St. Joe from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. One analyst has rated the stock with a Buy rating, According to MarketBeat, St. Joe presently has a consensus rating of “Buy”.

St. Joe News Roundup

Here are the key news stories impacting St. Joe this week:

• Negative Sentiment: Major shareholder Bruce Berkowitz sold 29,200 shares of St. Joe at an average price of $65.49, adding to a recent pattern of insider selling that may be pressuring the stock. Article Title
• Negative Sentiment: A prior filing showed Berkowitz also sold 86,500 shares earlier in the week, reinforcing concerns that a large holder is trimming exposure. Article Title
• Neutral Sentiment: The company hosted its 2026 Annual Meeting of Shareholders and released a presentation, but the announcement did not include a major new operational update or financial surprise. Article Title
• Neutral Sentiment: St. Joe also released a new publication describing its vision, history, and current operations, which is more informational than market-moving. Article Title

Hedge Funds Weigh In On St. Joe

Hedge funds and other institutional investors have recently modified their holdings of the stock. Camelot Portfolios LLC acquired a new position in shares of St. Joe in the 4th quarter valued at $30,000. EverSource Wealth Advisors LLC lifted its stake 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 in the last quarter. Kestra Advisory Services LLC purchased a new stake in St. Joe in the 4th quarter worth about $32,000. Quarry LP purchased a new stake in St. Joe in the 3rd quarter worth about $39,000. Finally, Smartleaf Asset Management LLC lifted its stake in 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 acquiring an additional 236 shares in the last quarter. Institutional investors and hedge funds own 86.67% of the company’s stock.

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.