Raymond James & Associates Has $1.92 Million Stock Holdings in The St. Joe Company (NYSE:JOE)

Raymond James & Associates lifted its position in The St. Joe Company (NYSE:JOE) by 0.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,827 shares of the financial services provider’s stock after acquiring an additional 296 shares during the period. Raymond James & Associates owned approximately 0.05% of St. Joe worth $1,915,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of JOE. Money Concepts Capital Corp acquired a new stake in shares of St. Joe in the 4th quarter valued at approximately $26,000. Lazard Asset Management LLC acquired a new stake in St. Joe during the 3rd quarter worth approximately $33,000. Signaturefd LLC raised its holdings in St. Joe by 1,198.0% during the 3rd quarter. Signaturefd LLC now owns 662 shares of the financial services provider’s stock worth $36,000 after buying an additional 611 shares during the period. Tower Research Capital LLC TRC raised its holdings in St. Joe by 93.8% during the 1st quarter. Tower Research Capital LLC TRC now owns 909 shares of the financial services provider’s stock worth $37,000 after buying an additional 440 shares during the period. Finally, First Manhattan CO. LLC. acquired a new stake in St. Joe during the 1st quarter worth approximately $42,000. 86.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Bruce R. Berkowitz sold 88,700 shares of St. Joe stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $54.03, for a total value of $4,792,461.00. Following the sale, the director now directly owns 19,236,024 shares in the company, valued at $1,039,322,376.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Bruce R. Berkowitz sold 88,700 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $54.03, for a total value of $4,792,461.00. Following the completion of the transaction, the director now directly owns 19,236,024 shares of the company’s stock, valued at $1,039,322,376.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Bruce R. Berkowitz sold 3,200 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $54.85, for a total transaction of $175,520.00. Following the completion of the transaction, the director now directly owns 19,387,024 shares of the company’s stock, valued at $1,063,378,266.40. The disclosure for this sale can be found here. Insiders have sold 106,800 shares of company stock worth $5,780,959 over the last ninety days. Insiders own 38.80% of the company’s stock.

St. Joe Stock Performance

Shares of JOE stock opened at $54.66 on Thursday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market capitalization of $3.19 billion, a P/E ratio of 40.79 and a beta of 1.30. The company’s 50 day moving average price is $55.08 and its two-hundred day moving average price is $54.28. The St. Joe Company has a 52 week low of $38.81 and a 52 week high of $65.99.

St. Joe (NYSE:JOE) last announced its earnings results on Wednesday, February 21st. The financial services provider reported $0.23 EPS for the quarter. The firm had revenue of $86.70 million for the quarter. St. Joe had a net margin of 19.96% and a return on equity of 11.40%.

St. Joe Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Monday, March 4th were issued a $0.12 dividend. The ex-dividend date was Friday, March 1st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.88%. St. Joe’s dividend payout ratio (DPR) is presently 35.82%.

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.