Charles Schwab Investment Management Inc. Purchases 6,904 Shares of The St. Joe Company (NYSE:JOE)

Charles Schwab Investment Management Inc. grew its position in shares of The St. Joe Company (NYSE:JOE) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 364,559 shares of the financial services provider’s stock after acquiring an additional 6,904 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in St. Joe were worth $16,380,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans increased its holdings 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 worth $1,738,000 after purchasing an additional 236 shares in the last quarter. Arete Wealth Advisors LLC boosted its position in shares of St. Joe by 8.0% during the third quarter. Arete Wealth Advisors LLC now owns 4,804 shares of the financial services provider’s stock valued at $279,000 after buying an additional 356 shares during the last quarter. KBC Group NV grew its holdings in St. Joe by 35.8% during the third quarter. KBC Group NV now owns 1,483 shares of the financial services provider’s stock worth $86,000 after buying an additional 391 shares in the last quarter. Smartleaf Asset Management LLC raised its position in St. Joe by 277.4% in the 4th 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. Finally, Legacy Capital Group California Inc. lifted 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 acquiring an additional 540 shares in the last quarter. 86.67% of the stock is owned by institutional investors and hedge funds.

St. Joe Price Performance

JOE opened at $46.79 on Friday. The St. Joe Company has a 1 year low of $42.94 and a 1 year high of $64.69. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 39.66 and a beta of 1.30. The firm’s fifty day moving average price is $47.10 and its two-hundred day moving average price is $50.75.

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

St. Joe Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Monday, March 10th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Monday, March 10th. St. Joe’s dividend payout ratio is presently 44.09%.

Insider Activity at St. Joe

In related news, major shareholder Bruce R. Berkowitz sold 95,700 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $47.11, for a total transaction of $4,508,427.00. Following the completion of the transaction, the insider now owns 17,162,524 shares in the company, valued at approximately $808,526,505.64. This represents a 0.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders sold 300,000 shares of company stock valued at $14,113,022. 38.80% of the stock is owned by insiders.

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.