St. Joe Company (The) $JOE Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp trimmed its position in shares of St. Joe Company (The) (NYSE:JOE) by 31.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,821 shares of the financial services provider’s stock after selling 8,538 shares during the period. Texas Permanent School Fund Corp’s holdings in St. Joe were worth $898,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Public Sector Pension Investment Board raised its holdings in shares of St. Joe by 7.4% during the second quarter. Public Sector Pension Investment Board now owns 129,256 shares of the financial services provider’s stock valued at $6,166,000 after buying an additional 8,885 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in St. Joe by 1.1% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 58,888 shares of the financial services provider’s stock valued at $2,812,000 after acquiring an additional 633 shares during the period. Tower Research Capital LLC TRC raised its stake in St. Joe by 301.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,890 shares of the financial services provider’s stock valued at $186,000 after acquiring an additional 2,922 shares in the last quarter. Corient Private Wealth LLC raised its stake in St. Joe by 132.8% during the 2nd quarter. Corient Private Wealth LLC now owns 24,442 shares of the financial services provider’s stock valued at $1,166,000 after acquiring an additional 13,944 shares in the last quarter. Finally, State of Tennessee Department of Treasury boosted its position in St. Joe by 9.8% during the 2nd quarter. State of Tennessee Department of Treasury now owns 18,401 shares of the financial services provider’s stock worth $878,000 after acquiring an additional 1,647 shares during the period. Institutional investors own 86.67% of the company’s stock.

St. Joe Price Performance

NYSE:JOE opened at $58.95 on Friday. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.75. The business’s 50-day moving average price is $57.76 and its 200 day moving average price is $52.41. St. Joe Company has a 52-week low of $40.19 and a 52-week high of $63.13. The firm has a market cap of $3.40 billion, a P/E ratio of 32.75 and a beta of 1.37.

St. Joe (NYSE:JOE) last posted its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $0.67 earnings per share for the quarter. St. Joe had a net margin of 21.40% and a return on equity of 13.96%. The company had revenue of $161.08 million during the quarter.

St. Joe Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Thursday, November 13th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.1%. This is a positive change from St. Joe’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, November 13th. St. Joe’s dividend payout ratio (DPR) is presently 35.56%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on JOE. Wall Street Zen raised St. Joe from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Weiss Ratings restated a “buy (b-)” rating on shares of St. Joe in a research report on Monday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy”.

Insider Activity

In other news, major shareholder Bruce R. Berkowitz sold 59,000 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $62.37, for a total transaction of $3,679,830.00. Following the completion of the sale, the insider owned 16,265,624 shares in the company, valued at approximately $1,014,486,968.88. This represents a 0.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 71,900 shares of company stock valued at $4,480,854 over the last quarter. 0.32% of the stock is currently owned by corporate insiders.

St. Joe 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.