Janus Henderson Group PLC Sells 821 Shares of The St. Joe Company (NYSE:JOE)

Janus Henderson Group PLC trimmed its position in shares of The St. Joe Company (NYSE:JOE) by 4.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,319 shares of the financial services provider’s stock after selling 821 shares during the quarter. Janus Henderson Group PLC’s holdings in St. Joe were worth $1,126,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Point72 Hong Kong Ltd bought a new position in St. Joe during the third quarter worth about $35,000. Quest Partners LLC raised its position in shares of St. Joe by 72,300.0% during the second quarter. Quest Partners LLC now owns 724 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 723 shares during the period. Blue Trust Inc. lifted its holdings in shares of St. Joe by 549.1% during the 3rd quarter. Blue Trust Inc. now owns 727 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 615 shares in the last quarter. nVerses Capital LLC grew its position in shares of St. Joe by 100.0% in the 2nd quarter. nVerses Capital LLC now owns 800 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 400 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in St. Joe by 86.9% during the 2nd 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. 86.67% of the stock is owned by institutional investors.

Insider Activity at St. Joe

In other news, CEO Jorge Luis Gonzalez acquired 1,695 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was acquired at an average cost of $53.05 per share, for a total transaction of $89,919.75. Following the completion of the acquisition, the chief executive officer now owns 60,093 shares in the company, valued at $3,187,933.65. This represents a 2.90 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Bruce R. Berkowitz sold 343,400 shares of St. Joe stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $53.45, for a total value of $18,354,730.00. Following the completion of the sale, the insider now directly owns 17,396,624 shares in the company, valued at approximately $929,849,552.80. This represents a 1.94 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 449,400 shares of company stock valued at $23,953,600. 38.80% of the stock is owned by corporate insiders.

St. Joe Stock Performance

Shares of JOE stock opened at $46.61 on Friday. 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 St. Joe Company has a 52 week low of $46.30 and a 52 week high of $64.69. The company’s 50 day moving average price is $52.69 and its two-hundred day moving average price is $55.82. The company has a market capitalization of $2.72 billion, a P/E ratio of 39.50 and a beta of 1.25.

St. Joe Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 7th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.20%. St. Joe’s payout ratio is 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.