Mutual of America Capital Management LLC boosted its position in The St. Joe Company (NYSE:JOE – Get Rating) by 5.5% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 4,751 shares of the financial services provider’s stock after acquiring an additional 246 shares during the quarter. Mutual of America Capital Management LLC’s holdings in St. Joe were worth $281,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Oregon Public Employees Retirement Fund grew its stake in St. Joe by 2.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 12,444 shares of the financial services provider’s stock valued at $737,000 after buying an additional 340 shares during the last quarter. Raymond James & Associates grew its stake in St. Joe by 1.4% in the 4th quarter. Raymond James & Associates now owns 32,294 shares of the financial services provider’s stock valued at $1,681,000 after buying an additional 446 shares during the last quarter. Wealthcare Advisory Partners LLC grew its position in St. Joe by 11.6% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 5,050 shares of the financial services provider’s stock worth $299,000 after purchasing an additional 525 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in St. Joe in the 4th quarter worth $34,000. Finally, PYA Waltman Capital LLC acquired a new stake in St. Joe in the 4th quarter worth $38,000. 87.58% of the stock is currently owned by institutional investors and hedge funds.
St. Joe Price Performance
NYSE JOE opened at $41.25 on Tuesday. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 31.25 and a beta of 1.17. The company’s fifty day moving average is $42.80 and its two-hundred day moving average is $49.08. The St. Joe Company has a 52-week low of $37.80 and a 52-week high of $62.21.
St. Joe Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Friday, August 12th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $0.40 annualized dividend and a dividend yield of 0.97%. St. Joe’s dividend payout ratio (DPR) is currently 30.30%.
In other St. Joe news, CEO Jorge Luis Gonzalez bought 1,000 shares of the firm’s stock in a transaction dated Thursday, May 5th. The shares were acquired at an average cost of $50.71 per share, for a total transaction of $50,710.00. Following the transaction, the chief executive officer now owns 32,642 shares in the company, valued at $1,655,275.82. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have acquired 3,200 shares of company stock worth $146,444. Corporate insiders own 42.00% 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 plans and develops residential communities of various sizes for homebuilders or retail consumers.
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