The St. Joe Company (NYSE:JOE – Get Free Report) Director Bruce R. Berkowitz sold 36,600 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $58.96, for a total value of $2,157,936.00. Following the completion of the transaction, the director now directly owns 19,131,024 shares of the company’s stock, valued at $1,127,965,175.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
St. Joe Price Performance
NYSE:JOE opened at $58.14 on Wednesday. The St. Joe Company has a 12-month low of $41.25 and a 12-month high of $65.99. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 41.53 and a beta of 1.30. The company’s 50-day moving average is $55.81 and its two-hundred day moving average is $54.81. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89.
St. Joe (NYSE:JOE – Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.23 earnings per share for the quarter. St. Joe had a net margin of 20.10% and a return on equity of 11.69%. The business had revenue of $86.70 million during the quarter.
St. Joe Dividend Announcement
Institutional Investors Weigh In On St. Joe
Hedge funds have recently made changes to their positions in the business. Northern Trust Corp lifted its position in St. Joe by 5.5% during the third quarter. Northern Trust Corp now owns 413,648 shares of the financial services provider’s stock worth $22,473,000 after buying an additional 21,497 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of St. Joe by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 289,875 shares of the financial services provider’s stock valued at $17,445,000 after acquiring an additional 7,581 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of St. Joe by 41.0% during the 4th quarter. Capital Research Global Investors now owns 235,601 shares of the financial services provider’s stock worth $14,178,000 after acquiring an additional 68,500 shares during the period. Norges Bank acquired a new stake in shares of St. Joe in the fourth quarter worth approximately $13,952,000. Finally, Principal Financial Group Inc. grew its holdings in St. Joe by 5.9% in the first quarter. Principal Financial Group Inc. now owns 196,017 shares of the financial services provider’s stock valued at $11,363,000 after purchasing an additional 10,943 shares during the period. Institutional investors and hedge funds own 86.67% of the company’s stock.
About St. Joe
The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Northwest Florida. It operates through three segments: Residential, Hospitality, and Commercial. The Residential segment engages in the development of communities into homesites for sale to homebuilders and on a limited basis to retail customers.
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