Nations Financial Group Inc. IA ADV Acquires Shares of 5,600 The St. Joe Company (NYSE:JOE)

Nations Financial Group Inc. IA ADV bought a new stake in shares of The St. Joe Company (NYSE:JOE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,600 shares of the financial services provider’s stock, valued at approximately $306,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JOE. Yousif Capital Management LLC boosted its stake in St. Joe by 1.0% during the fourth quarter. Yousif Capital Management LLC now owns 19,532 shares of the financial services provider’s stock worth $1,175,000 after acquiring an additional 197 shares in the last quarter. Lumbard & Kellner LLC raised its position in St. Joe by 2.0% in the 4th quarter. Lumbard & Kellner LLC now owns 10,161 shares of the financial services provider’s stock worth $611,000 after buying an additional 200 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its stake in St. Joe by 4.4% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 5,259 shares of the financial services provider’s stock valued at $316,000 after acquiring an additional 220 shares during the period. Louisiana State Employees Retirement System raised its holdings in shares of St. Joe by 1.7% during the second quarter. Louisiana State Employees Retirement System now owns 17,900 shares of the financial services provider’s stock valued at $979,000 after purchasing an additional 300 shares during the last quarter. Finally, Texas Permanent School Fund Corp raised its holdings in shares of St. Joe by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 31,163 shares of the financial services provider’s stock valued at $1,807,000 after purchasing an additional 417 shares during the last quarter. 86.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Bruce R. Berkowitz sold 28,100 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $62.98, for a total value of $1,769,738.00. Following the transaction, the director now owns 18,172,524 shares of the company’s stock, valued at $1,144,505,561.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other St. Joe news, Director Bruce R. Berkowitz sold 54,000 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $63.76, for a total transaction of $3,443,040.00. Following the completion of the sale, the director now owns 18,200,624 shares of the company’s stock, valued at $1,160,471,786.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bruce R. Berkowitz sold 28,100 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $62.98, for a total value of $1,769,738.00. Following the completion of the transaction, the director now directly owns 18,172,524 shares in the company, valued at approximately $1,144,505,561.52. The disclosure for this sale can be found here. Insiders sold 285,000 shares of company stock valued at $17,558,573 in the last quarter. 38.80% of the stock is currently owned by insiders.

St. Joe Stock Performance

JOE stock traded up $1.07 on Friday, hitting $59.37. The company had a trading volume of 184,938 shares, compared to its average volume of 173,616. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.87. The St. Joe Company has a 12-month low of $45.93 and a 12-month high of $64.69. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 41.71 and a beta of 1.27. The stock’s 50-day simple moving average is $57.84 and its 200 day simple moving average is $56.48.

St. Joe (NYSE:JOE) last released its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter. The firm had revenue of $111.60 million for the quarter. St. Joe had a return on equity of 10.07% and a net margin of 18.32%.

St. Joe Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 9th will be paid a dividend of $0.14 per share. This is an increase from St. Joe’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Friday, August 9th. St. Joe’s payout ratio is currently 40.00%.

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.