Public Sector Pension Investment Board Raises Stock Holdings in The St. Joe Company (NYSE:JOE)

Public Sector Pension Investment Board lifted its stake in The St. Joe Company (NYSE:JOE) by 2.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,536 shares of the financial services provider’s stock after purchasing an additional 2,200 shares during the quarter. Public Sector Pension Investment Board owned about 0.14% of St. Joe worth $4,696,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in JOE. BNP Paribas Financial Markets boosted its holdings in St. Joe by 30.8% in the third quarter. BNP Paribas Financial Markets now owns 18,961 shares of the financial services provider’s stock worth $1,106,000 after acquiring an additional 4,462 shares in the last quarter. Citigroup Inc. raised its position in shares of St. Joe by 130.5% in the 3rd quarter. Citigroup Inc. now owns 67,539 shares of the financial services provider’s stock worth $3,938,000 after purchasing an additional 38,243 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in St. Joe by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 357,655 shares of the financial services provider’s stock worth $20,855,000 after purchasing an additional 22,187 shares in the last quarter. Intech Investment Management LLC grew its position in St. Joe by 55.3% during the 3rd quarter. Intech Investment Management LLC now owns 7,295 shares of the financial services provider’s stock valued at $425,000 after purchasing an additional 2,597 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in St. Joe by 0.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 29,808 shares of the financial services provider’s stock valued at $1,738,000 after purchasing an additional 236 shares in the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

Insider Activity

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 80,000 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $53.14, for a total value of $4,251,200.00. Following the transaction, the insider now owns 17,797,824 shares of the company’s stock, valued at approximately $945,776,367.36. This represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jorge Luis Gonzalez bought 1,695 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The shares were acquired at an average price of $53.05 per share, with a total value of $89,919.75. Following the completion of the transaction, the chief executive officer now directly owns 60,093 shares of the company’s stock, valued at $3,187,933.65. This trade represents a 2.90 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 449,400 shares of company stock valued at $23,953,600 over the last three months. Insiders own 38.80% of the company’s stock.

St. Joe Stock Performance

Shares of JOE opened at $51.08 on Monday. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 43.29 and a beta of 1.27. The business’s fifty day simple moving average is $54.74 and its two-hundred day simple moving average is $56.43. The St. Joe Company has a 12 month low of $49.36 and a 12 month 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.

St. Joe Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 7th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.10%. St. Joe’s dividend payout ratio is presently 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.