The St. Joe Company (NYSE:JOE) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its holdings in shares of The St. Joe Company (NYSE:JOE) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,340 shares of the financial services provider’s stock after selling 468 shares during the period. Thrivent Financial for Lutherans’ holdings in St. Joe were worth $1,318,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its stake in St. Joe by 277.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider’s stock valued at $26,000 after buying an additional 430 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of St. Joe in the 3rd quarter valued at approximately $35,000. Campbell Capital Management Inc. acquired a new stake in St. Joe in the 4th quarter worth approximately $67,000. KBC Group NV grew its position in St. Joe by 38.8% during the 4th quarter. KBC Group NV now owns 2,059 shares of the financial services provider’s stock worth $93,000 after purchasing an additional 576 shares during the last quarter. Finally, Legacy Capital Group California Inc. increased its stake in St. Joe by 12.4% during the 4th quarter. Legacy Capital Group California Inc. now owns 4,899 shares of the financial services provider’s stock valued at $220,000 after purchasing an additional 540 shares in the last quarter. 86.67% of the stock is currently owned by hedge funds and other institutional investors.

St. Joe Trading Up 1.4 %

NYSE JOE opened at $46.98 on Tuesday. The St. Joe Company has a 12-month low of $42.94 and a 12-month high of $64.69. The company has a fifty day simple moving average of $47.06 and a two-hundred day simple moving average of $50.11. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.85. The stock has a market cap of $2.74 billion, a P/E ratio of 39.81 and a beta of 1.30.

St. Joe (NYSE:JOE) last issued its earnings results on Wednesday, February 26th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter. The company had revenue of $104.30 million during the quarter. St. Joe had a return on equity of 9.58% and a net margin of 17.76%.

St. Joe Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Monday, March 10th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Monday, March 10th. St. Joe’s dividend payout ratio (DPR) is 44.09%.

Insider Activity at St. Joe

In related news, major shareholder Bruce R. Berkowitz sold 41,100 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $47.06, for a total transaction of $1,934,166.00. Following the completion of the transaction, the insider now owns 17,310,124 shares of the company’s stock, valued at $814,614,435.44. This trade represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 300,000 shares of company stock worth $14,113,022 over the last quarter. Insiders own 38.80% of the company’s stock.

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.