The St. Joe Company (NYSE:JOE) Stock Position Lifted by Annex Advisory Services LLC

Annex Advisory Services LLC lifted its holdings in The St. Joe Company (NYSE:JOE) by 49.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 42,656 shares of the financial services provider’s stock after purchasing an additional 14,155 shares during the quarter. Annex Advisory Services LLC owned 0.07% of St. Joe worth $1,917,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Point72 Hong Kong Ltd bought a new position in shares of St. Joe in the third quarter worth $35,000. Blue Trust Inc. grew its stake in shares of St. Joe by 549.1% in the third quarter. Blue Trust Inc. now owns 727 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 615 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of St. Joe by 86.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,101 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 512 shares in the last quarter. US Bancorp DE grew its stake in shares of St. Joe by 163.6% in the third quarter. US Bancorp DE now owns 1,128 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 700 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of St. Joe by 35.8% in the third 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 in the last quarter. Institutional investors own 86.67% of the company’s stock.

Insider Activity

In other news, CEO Jorge Luis Gonzalez acquired 1,695 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was acquired at an average price of $53.05 per share, for a total transaction of $89,919.75. Following the completion of the acquisition, the chief executive officer now directly owns 60,093 shares in the company, valued at $3,187,933.65. This represents a 2.90 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Bruce R. Berkowitz sold 11,000 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $53.12, for a total value of $584,320.00. Following the completion of the sale, the insider now owns 17,785,024 shares of the company’s stock, valued at approximately $944,740,474.88. This trade represents a 0.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 449,400 shares of company stock worth $23,953,600 over the last 90 days. 38.80% of the stock is currently owned by company insiders.

St. Joe Trading Down 0.6 %

NYSE:JOE opened at $48.21 on Tuesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 40.86 and a beta of 1.27. The business has a fifty day moving average of $47.52 and a 200-day moving average of $54.20. The St. Joe Company has a 1 year low of $42.94 and a 1 year high of $64.69.

St. Joe Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 7th were issued a $0.14 dividend. The ex-dividend date was Thursday, November 7th. This represents a $0.56 annualized dividend and a dividend yield of 1.16%. St. Joe’s dividend payout ratio (DPR) is 47.46%.

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.