St. Joe (NYSE:JOE – Get Free Report) released its quarterly earnings results on Wednesday. The financial services provider reported $0.24 EPS for the quarter, FiscalAI reports. St. Joe had a net margin of 22.52% and a return on equity of 15.23%. The business had revenue of $99.04 million for the quarter.
St. Joe Price Performance
JOE stock traded down $4.20 during midday trading on Thursday, reaching $64.83. The company had a trading volume of 173,299 shares, compared to its average volume of 216,247. St. Joe has a 1-year low of $41.92 and a 1-year high of $73.54. The stock has a 50 day moving average price of $67.97 and a 200-day moving average price of $63.06. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.68 and a quick ratio of 2.68. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 32.28 and a beta of 1.39.
St. Joe Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Tuesday, June 9th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, June 9th. St. Joe’s payout ratio is 32.00%.
Analyst Ratings Changes
Read Our Latest Stock Report on JOE
Insider Buying and Selling
In other news, major shareholder Bruce R. Berkowitz sold 21,100 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $72.22, for a total value of $1,523,842.00. Following the completion of the transaction, the insider directly owned 16,073,624 shares in the company, valued at approximately $1,160,837,125.28. The trade was a 0.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 77,500 shares of company stock valued at $5,588,638. 0.35% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in St. Joe by 3.1% during the third quarter. Vanguard Group Inc. now owns 5,959,298 shares of the financial services provider’s stock worth $294,866,000 after purchasing an additional 179,877 shares during the last quarter. State Street Corp raised its holdings in shares of St. Joe by 1.5% during the 4th quarter. State Street Corp now owns 1,430,583 shares of the financial services provider’s stock worth $84,934,000 after buying an additional 21,309 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of St. Joe by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 994,963 shares of the financial services provider’s stock worth $59,081,000 after buying an additional 11,621 shares during the last quarter. Nitor Capital Management LLC bought a new stake in shares of St. Joe during the 4th quarter worth $31,789,000. Finally, Victory Capital Management Inc. boosted its stake in St. Joe by 5.4% in the fourth quarter. Victory Capital Management Inc. now owns 429,376 shares of the financial services provider’s stock valued at $25,492,000 after buying an additional 21,938 shares in the last quarter. 86.67% of the stock is owned by institutional investors.
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.
Further Reading
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