Viewpoint Capital Management LLC Has $400,000 Position in St. Joe Company (The) $JOE

Viewpoint Capital Management LLC boosted its position in shares of St. Joe Company (The) (NYSE:JOE) by 13.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,384 shares of the financial services provider’s stock after buying an additional 1,000 shares during the quarter. Viewpoint Capital Management LLC’s holdings in St. Joe were worth $400,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC acquired a new position in shares of St. Joe during the first quarter valued at $263,000. SG Americas Securities LLC bought a new stake in St. Joe during the 1st quarter worth about $475,000. Principal Financial Group Inc. lifted its position in St. Joe by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 189,390 shares of the financial services provider’s stock valued at $8,892,000 after purchasing an additional 4,324 shares during the period. Teacher Retirement System of Texas bought a new position in shares of St. Joe in the 1st quarter valued at about $281,000. Finally, American Century Companies Inc. grew its position in shares of St. Joe by 234.7% during the 1st quarter. American Century Companies Inc. now owns 20,595 shares of the financial services provider’s stock worth $967,000 after buying an additional 14,442 shares during the period. 86.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of St. Joe in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, St. Joe presently has an average rating of “Hold”.

Insider Transactions at St. Joe

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 104,100 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $51.08, for a total transaction of $5,317,428.00. Following the sale, the insider directly owned 16,324,624 shares in the company, valued at approximately $833,861,793.92. This trade represents a 0.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 616,000 shares of company stock worth $31,340,145. 38.80% of the stock is currently owned by corporate insiders.

St. Joe Stock Down 3.1%

Shares of NYSE JOE opened at $47.72 on Tuesday. St. Joe Company has a 52-week low of $40.19 and a 52-week high of $60.36. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a market cap of $2.76 billion, a P/E ratio of 33.61 and a beta of 1.31. The firm has a 50 day moving average price of $50.38 and a 200 day moving average price of $47.50.

St. Joe (NYSE:JOE) last announced its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $0.51 earnings per share for the quarter. St. Joe had a net margin of 19.39% and a return on equity of 11.19%. The company had revenue of $129.10 million for the quarter.

St. Joe Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, August 22nd were given a $0.14 dividend. The ex-dividend date was Friday, August 22nd. This represents a $0.56 annualized dividend and a dividend yield of 1.2%. St. Joe’s payout ratio is currently 39.44%.

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.