St. Joe (NYSE:JOE) Releases Earnings Results

St. Joe (NYSE:JOE) issued its quarterly earnings data on Wednesday. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, FiscalAI reports. St. Joe had a return on equity of 14.59% and a net margin of 21.61%.The firm had revenue of $158.86 million during the quarter.

St. Joe Stock Performance

St. Joe stock opened at $62.08 on Thursday. The stock has a fifty day moving average price of $63.19 and a 200 day moving average price of $65.70. St. Joe has a 52 week low of $46.37 and a 52 week high of $73.54. The firm has a market capitalization of $3.56 billion, a P/E ratio of 32.00 and a beta of 1.29. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.72.

St. Joe Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 21st will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, August 21st. St. Joe’s dividend payout ratio is presently 32.99%.

Insider Transactions at St. Joe

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 140,400 shares of St. Joe stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $65.71, for a total value of $9,225,684.00. Following the completion of the sale, the insider 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders sold 1,000,000 shares of company stock valued at $65,585,733. 0.35% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On St. Joe

Several hedge funds have recently modified their holdings of JOE. Royal Bank of Canada increased its position in St. Joe by 4.9% during the first quarter. Royal Bank of Canada now owns 29,915 shares of the financial services provider’s stock worth $1,404,000 after purchasing an additional 1,384 shares during the last quarter. AQR Capital Management LLC raised its stake in St. Joe by 152.4% during the first quarter. AQR Capital Management LLC now owns 76,084 shares of the financial services provider’s stock worth $3,572,000 after purchasing an additional 45,939 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of St. Joe by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,459 shares of the financial services provider’s stock valued at $1,008,000 after purchasing an additional 951 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of St. Joe by 29.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 87,606 shares of the financial services provider’s stock valued at $4,113,000 after purchasing an additional 19,879 shares during the last quarter. Finally, Intech Investment Management LLC grew its stake in shares of St. Joe by 45.8% during the 1st quarter. Intech Investment Management LLC now owns 26,218 shares of the financial services provider’s stock valued at $1,231,000 after buying an additional 8,235 shares during the period. 86.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded St. Joe from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 22nd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, St. Joe has a consensus rating of “Hold”.

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.