Geode Capital Management LLC Buys 23,973 Shares of The St. Joe Company (NYSE:JOE)

Geode Capital Management LLC raised its stake in shares of The St. Joe Company (NYSE:JOE) by 2.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 898,637 shares of the financial services provider’s stock after acquiring an additional 23,973 shares during the quarter. Geode Capital Management LLC owned approximately 1.54% of St. Joe worth $52,409,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in JOE. Point72 Hong Kong Ltd bought a new stake in shares of St. Joe during the third quarter valued at approximately $35,000. Quest Partners LLC lifted its holdings in St. Joe by 72,300.0% in the second quarter. Quest Partners LLC now owns 724 shares of the financial services provider’s stock valued at $40,000 after buying an additional 723 shares during the period. Blue Trust Inc. boosted its stake in St. Joe by 549.1% in the third quarter. Blue Trust Inc. now owns 727 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 615 shares during the last quarter. nVerses Capital LLC grew its holdings in St. Joe by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 800 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 400 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of 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 valued at $60,000 after acquiring an additional 512 shares during the last quarter. Institutional investors and hedge funds own 86.67% of the company’s stock.

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 shares were acquired at an average cost of $53.05 per share, with a total value of $89,919.75. Following the completion of the purchase, the chief executive officer now directly owns 60,093 shares of the company’s stock, valued at $3,187,933.65. The trade was a 2.90 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Bruce R. Berkowitz sold 343,400 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $53.45, for a total transaction of $18,354,730.00. Following the transaction, the insider now owns 17,396,624 shares of the company’s stock, valued at approximately $929,849,552.80. This represents a 1.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 449,400 shares of company stock worth $23,953,600. Insiders own 38.80% of the company’s stock.

St. Joe Trading Up 1.7 %

NYSE:JOE opened at $44.55 on Monday. The business has a 50 day moving average price of $51.41 and a two-hundred day moving average price of $55.46. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.85. The St. Joe Company has a twelve month low of $43.50 and a twelve month high of $64.69. The company has a market cap of $2.60 billion, a P/E ratio of 37.75 and a beta of 1.25.

St. Joe Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 7th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.56 annualized dividend and a dividend yield of 1.26%. St. Joe’s dividend payout ratio is currently 47.46%.

St. Joe 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.