Janus Henderson Group PLC Grows Stake in St. Joe Company (The) $JOE

Janus Henderson Group PLC grew its stake in shares of St. Joe Company (The) (NYSE:JOE) by 9.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 153,122 shares of the financial services provider’s stock after purchasing an additional 13,175 shares during the quarter. Janus Henderson Group PLC owned 0.27% of St. Joe worth $9,617,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Camelot Portfolios LLC purchased a new stake in shares of St. Joe during the 4th quarter valued at about $30,000. EverSource Wealth Advisors LLC boosted its holdings 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 during the period. Kestra Advisory Services LLC acquired a new stake in St. Joe in the fourth quarter valued at approximately $32,000. Quarry LP acquired a new stake in St. Joe in the third quarter valued at approximately $39,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of St. Joe by 31.8% during the second quarter. Smartleaf Asset Management LLC now owns 977 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 236 shares during the period. Hedge funds and other institutional investors own 86.67% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of 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.com, the company currently has a consensus rating of “Hold”.

St. Joe Trading Down 0.0%

NYSE:JOE opened at $64.81 on Thursday. 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 Company has a one year low of $46.37 and a one year high of $73.54. The business’s 50-day simple moving average is $63.17 and its 200 day simple moving average is $65.67. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 30.29 and a beta of 1.29.

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

St. Joe Announces Dividend

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

Insider Transactions at St. Joe

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 140,400 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $65.71, for a total transaction of $9,225,684.00. Following the transaction, the insider directly owned 15,073,624 shares in the company, valued at $990,487,833.04. This represents a 0.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 622,200 shares of company stock valued at $40,745,299 over the last 90 days. Corporate insiders own 0.35% 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.