The St. Joe Company (NYSE:JOE) Shares Acquired by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lifted its position in shares of The St. Joe Company (NYSE:JOE – Get Rating) by 3.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,238 shares of the financial services provider’s stock after buying an additional 1,000 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in St. Joe were worth $1,001,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in JOE. JBF Capital Inc. acquired a new stake in shares of St. Joe during the 2nd quarter worth $4,788,000. Millennium Management LLC increased its holdings in St. Joe by 1,037.6% in the 2nd quarter. Millennium Management LLC now owns 125,872 shares of the financial services provider’s stock valued at $4,979,000 after purchasing an additional 114,807 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in St. Joe by 60.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 244,799 shares of the financial services provider’s stock valued at $9,684,000 after purchasing an additional 92,368 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in St. Joe in the 2nd quarter valued at $3,438,000. Finally, Vanguard Group Inc. increased its holdings in St. Joe by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 5,248,010 shares of the financial services provider’s stock valued at $310,892,000 after purchasing an additional 79,109 shares in the last quarter. 86.49% of the stock is currently owned by institutional investors and hedge funds.

St. Joe Trading Up 0.9 %

Shares of NYSE JOE opened at $43.65 on Friday. The St. Joe Company has a 12-month low of $31.11 and a 12-month high of $62.21. The company has a market cap of $2.55 billion, a P/E ratio of 34.37 and a beta of 1.21. The stock has a fifty day moving average price of $38.46 and a 200 day moving average price of $37.67.

St. Joe (NYSE:JOE – Get Rating) last posted its quarterly earnings data on Wednesday, October 26th. The financial services provider reported $0.21 earnings per share for the quarter. The company had revenue of $57.60 million during the quarter. St. Joe had a net margin of 25.74% and a return on equity of 11.73%.

St. Joe Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 9th. Shareholders of record on Thursday, November 10th were given a $0.10 dividend. The ex-dividend date was Wednesday, November 9th. This represents a $0.40 dividend on an annualized basis and a yield of 0.92%. St. Joe’s payout ratio is currently 31.50%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded St. Joe from a “sell” rating to a “hold” rating in a report on Monday, January 16th.

St. Joe Company Profile

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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 plans and develops residential communities of various sizes for homebuilders or retail consumers.