St. Joe Company (The) $JOE Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund decreased its stake in shares of St. Joe Company (The) (NYSE:JOE) by 88.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 5,462 shares of the financial services provider’s stock after selling 43,318 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in St. Joe were worth $343,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in St. Joe by 4.9% in the first quarter. Royal Bank of Canada now owns 29,915 shares of the financial services provider’s stock worth $1,404,000 after acquiring an additional 1,384 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of St. Joe by 152.4% in the 1st quarter. AQR Capital Management LLC now owns 76,084 shares of the financial services provider’s stock worth $3,572,000 after buying an additional 45,939 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in St. Joe by 4.6% during the first 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 buying an additional 951 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in St. Joe by 29.4% during the first 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 worth $4,113,000 after acquiring an additional 19,879 shares during the period. Finally, Intech Investment Management LLC grew its holdings in St. Joe by 45.8% during the first quarter. Intech Investment Management LLC now owns 26,218 shares of the financial services provider’s stock worth $1,231,000 after acquiring an additional 8,235 shares during the period. 86.67% of the stock is currently owned by institutional investors.

St. Joe Trading Down 0.2%

NYSE JOE opened at $62.09 on Monday. The firm’s 50 day moving average price is $63.14 and its two-hundred day moving average price is $65.67. The stock has a market cap of $3.53 billion, a price-to-earnings ratio of 29.01 and a beta of 1.29. St. Joe Company has a twelve month low of $46.37 and a twelve month high of $73.54. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.84 and a current ratio of 1.84.

St. Joe (NYSE:JOE) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $0.71 earnings per share for the quarter. St. Joe had a return on equity of 15.90% and a net margin of 22.45%.The business had revenue of $158.86 million for the quarter.

St. Joe Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be paid a $0.16 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.0%. St. Joe’s dividend payout ratio is 29.91%.

Insider Buying and Selling at St. Joe

In related news, major shareholder Bruce R. Berkowitz sold 189,200 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $65.78, for a total transaction of $12,445,576.00. Following the completion of the sale, the insider directly owned 15,884,424 shares in the company, valued at approximately $1,044,877,410.72. This trade represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 1,000,000 shares of company stock valued at $65,585,733 over the last 90 days. Corporate insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

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

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.