Teacher Retirement System of Texas boosted its position in shares of The St. Joe Company (NYSE:JOE – Get Rating) by 6.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,668 shares of the financial services provider's stock after purchasing an additional 391 shares during the period. Teacher Retirement System of Texas' holdings in St. Joe were worth $395,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the company. Horizon Kinetics Asset Management LLC increased its holdings in St. Joe by 69.5% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 450,512 shares of the financial services provider's stock worth $23,449,000 after purchasing an additional 184,660 shares in the last quarter. Level Four Advisory Services LLC bought a new position in St. Joe during the 4th quarter worth about $4,353,000. First Trust Advisors LP increased its holdings in St. Joe by 25.9% during the 4th quarter. First Trust Advisors LP now owns 78,618 shares of the financial services provider's stock worth $4,092,000 after purchasing an additional 16,151 shares in the last quarter. Cutter & CO Brokerage Inc. grew its holdings in shares of St. Joe by 1.4% in the 4th quarter. Cutter & CO Brokerage Inc. now owns 64,575 shares of the financial services provider's stock valued at $3,361,000 after acquiring an additional 902 shares in the last quarter. Finally, Old West Investment Management LLC grew its holdings in shares of St. Joe by 11.6% in the 1st quarter. Old West Investment Management LLC now owns 49,707 shares of the financial services provider's stock valued at $2,944,000 after acquiring an additional 5,186 shares in the last quarter. Institutional investors own 87.58% of the company's stock.
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St. Joe Price Performance
Shares of NYSE JOE opened at $39.93 on Thursday. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 30.25 and a beta of 1.17. The business has a 50-day moving average of $40.40 and a 200-day moving average of $48.33. The St. Joe Company has a fifty-two week low of $37.80 and a fifty-two week high of $62.21.
St. Joe Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Friday, August 12th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Thursday, August 11th. St. Joe's payout ratio is currently 30.30%.
Insider Buying and Selling
In other St. Joe news, CEO Jorge Luis Gonzalez purchased 1,200 shares of St. Joe stock in a transaction that occurred on Tuesday, June 14th. The stock was acquired at an average price of $41.32 per share, for a total transaction of $49,584.00. Following the completion of the acquisition, the chief executive officer now owns 34,842 shares of the company's stock, valued at approximately $1,439,671.44. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 42.00% of the stock is currently owned by corporate insiders.
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.
Further Reading
- Get a free copy of the StockNews.com research report on St. Joe (JOE)
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