The St. Joe Company (NYSE:JOE) Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund boosted its stake in The St. Joe Company (NYSE:JOE) by 14.1% in the 4th quarter, Holdings Channel reports. The firm owned 21,769 shares of the financial services provider’s stock after buying an additional 2,694 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in St. Joe were worth $978,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Thrivent Financial for Lutherans grew its stake in shares of St. Joe by 0.8% during the third quarter. Thrivent Financial for Lutherans now owns 29,808 shares of the financial services provider’s stock valued at $1,738,000 after acquiring an additional 236 shares in the last quarter. Amalgamated Bank grew its stake in shares of St. Joe by 2.3% during the third quarter. Amalgamated Bank now owns 11,090 shares of the financial services provider’s stock valued at $647,000 after acquiring an additional 246 shares in the last quarter. Arete Wealth Advisors LLC grew its stake in shares of St. Joe by 8.0% during the third quarter. Arete Wealth Advisors LLC now owns 4,804 shares of the financial services provider’s stock valued at $279,000 after acquiring an additional 356 shares in the last quarter. KBC Group NV grew its stake in shares of St. Joe by 35.8% during the third quarter. KBC Group NV now owns 1,483 shares of the financial services provider’s stock valued at $86,000 after acquiring an additional 391 shares in the last quarter. Finally, Chicago Partners Investment Group LLC grew its stake in shares of St. Joe by 3.9% during the third quarter. Chicago Partners Investment Group LLC now owns 11,061 shares of the financial services provider’s stock valued at $628,000 after acquiring an additional 414 shares in the last quarter. 86.67% of the stock is currently owned by institutional investors and hedge funds.

St. Joe Stock Up 0.4 %

Shares of St. Joe stock opened at $47.94 on Monday. The business has a 50-day moving average of $46.70 and a 200-day moving average of $51.89. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market capitalization of $2.80 billion, a PE ratio of 40.63 and a beta of 1.28. The St. Joe Company has a 1-year low of $42.94 and a 1-year high of $64.69.

St. Joe (NYSE:JOE) last announced its earnings results on Wednesday, February 26th. The financial services provider reported $0.32 earnings per share for the quarter. St. Joe had a return on equity of 9.58% and a net margin of 17.76%. The company had revenue of $104.30 million during the quarter.

St. Joe Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Monday, March 10th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.56 annualized dividend and a dividend yield of 1.17%. St. Joe’s payout ratio is 47.46%.

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.