Sequoia Financial Advisors LLC Purchases 3,390 Shares of The St. Joe Company (NYSE:JOE)

Sequoia Financial Advisors LLC boosted its holdings in The St. Joe Company (NYSE:JOE) by 54.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,623 shares of the financial services provider’s stock after buying an additional 3,390 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in St. Joe were worth $432,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its stake in shares of St. Joe by 277.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 430 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in St. Joe in the third quarter valued at $35,000. KBC Group NV raised its position in St. Joe by 35.8% during the 3rd quarter. KBC Group NV now owns 1,483 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 391 shares during the last quarter. Legacy Capital Group California Inc. raised its position in St. Joe by 12.4% during the 4th quarter. Legacy Capital Group California Inc. now owns 4,899 shares of the financial services provider’s stock worth $220,000 after purchasing an additional 540 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in St. Joe during the 3rd quarter worth about $237,000. 86.67% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, major shareholder Bruce R. Berkowitz sold 95,700 shares of the company’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $47.11, for a total transaction of $4,508,427.00. Following the sale, the insider now owns 17,162,524 shares in the company, valued at $808,526,505.64. This represents a 0.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 38.80% of the company’s stock.

St. Joe Trading Up 0.8 %

Shares of JOE stock opened at $46.70 on Wednesday. The St. Joe Company has a 1-year low of $42.94 and a 1-year high of $64.69. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.85. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 39.58 and a beta of 1.30. The stock has a 50-day moving average of $46.99 and a 200-day moving average of $50.80.

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

St. Joe Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Monday, March 10th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.56 annualized dividend and a yield of 1.20%. St. Joe’s payout ratio is 44.09%.

St. Joe 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.