Swiss National Bank grew its stake in shares of The St. Joe Company (NYSE:JOE – Get Rating) by 7.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,600 shares of the financial services provider's stock after purchasing an additional 5,200 shares during the quarter. Swiss National Bank owned approximately 0.13% of St. Joe worth $4,538,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC acquired a new position in shares of St. Joe during the fourth quarter worth approximately $34,000. Tyler Stone Wealth Management acquired a new position in shares of St. Joe during the fourth quarter worth approximately $57,000. Byrne Asset Management LLC acquired a new position in shares of St. Joe during the fourth quarter worth approximately $87,000. Princeton Global Asset Management LLC boosted its position in shares of St. Joe by 209.4% during the first quarter. Princeton Global Asset Management LLC now owns 1,553 shares of the financial services provider's stock worth $92,000 after buying an additional 1,051 shares during the period. Finally, DeDora Capital Inc. acquired a new position in shares of St. Joe during the first quarter worth approximately $129,000. 87.58% of the stock is owned by institutional investors.
Get St. Joe alerts:St. Joe Trading Up 2.6 %
Shares of NYSE JOE opened at $40.96 on Friday. The stock has a 50 day simple moving average of $40.43 and a 200-day simple moving average of $48.28. The company has a market cap of $2.41 billion, a PE ratio of 31.03 and a beta of 1.17. The St. Joe Company has a 12-month low of $37.80 and a 12-month high of $62.21.
St. Joe Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 12th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $0.40 dividend on an annualized basis and a yield of 0.98%. St. Joe's dividend payout ratio (DPR) is 30.30%.Insiders Place Their Bets
In other news, CEO Jorge Luis Gonzalez bought 1,200 shares of the business's stock in a transaction on Tuesday, June 14th. The stock was purchased at an average cost of $41.32 per share, for a total transaction of $49,584.00. Following the completion of the transaction, the chief executive officer now directly owns 34,842 shares of the company's stock, valued at approximately $1,439,671.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 42.00% of the stock is currently owned by insiders.
St. Joe 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.
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