Sherbrooke Park Advisers LLC Invests $228,000 in The St. Joe Company (NYSE:JOE)

Sherbrooke Park Advisers LLC bought a new position in shares of The St. Joe Company (NYSE:JOE) during the 4th quarter, Holdings Channel reports. The firm bought 5,065 shares of the financial services provider’s stock, valued at approximately $228,000.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of St. Joe by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 6,197,402 shares of the financial services provider’s stock worth $278,449,000 after purchasing an additional 252,906 shares during the last quarter. Geode Capital Management LLC boosted its holdings in St. Joe by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 906,668 shares of the financial services provider’s stock valued at $40,746,000 after acquiring an additional 8,031 shares during the last quarter. Horizon Kinetics Asset Management LLC boosted its holdings in St. Joe by 7.7% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 564,202 shares of the financial services provider’s stock valued at $25,350,000 after acquiring an additional 40,354 shares during the last quarter. Northern Trust Corp boosted its holdings in St. Joe by 7.4% in the fourth quarter. Northern Trust Corp now owns 434,283 shares of the financial services provider’s stock valued at $19,512,000 after acquiring an additional 29,918 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in St. Joe by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 364,559 shares of the financial services provider’s stock valued at $16,380,000 after acquiring an additional 6,904 shares during the last quarter. Institutional investors own 86.67% of the company’s stock.

Insider Activity at St. Joe

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 2,900 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $47.01, for a total value of $136,329.00. Following the transaction, the insider now owns 16,940,624 shares of the company’s stock, valued at approximately $796,378,734.24. This represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 300,000 shares of company stock worth $14,113,022 over the last 90 days. Insiders own 0.32% of the company’s stock.

St. Joe Price Performance

St. Joe stock opened at $44.84 on Wednesday. The business’s 50-day simple moving average is $44.32 and its 200 day simple moving average is $46.54. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of 38.00 and a beta of 1.37. The St. Joe Company has a 12-month low of $40.19 and a 12-month high of $64.69. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.85.

St. Joe (NYSE:JOE) last posted its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.30 earnings per share (EPS) for the quarter. The business had revenue of $94.20 million for the quarter. St. Joe had a return on equity of 9.58% and a net margin of 17.76%.

St. Joe Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, June 10th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Tuesday, June 10th. St. Joe’s dividend payout ratio is 42.11%.

St. Joe Company Profile

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.