The St. Joe Company (NYSE:JOE) Shares Purchased by New York Life Investment Management LLC

Posted by Defense World Staff on Jun 6th, 2023

New York Life Investment Management LLC boosted its stake in The St. Joe Company (NYSE:JOE – Get Rating) by 12.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 9,573 shares of the financial services provider’s stock after acquiring an additional 1,077 shares during the quarter. New York Life Investment Management LLC’s holdings in St. Joe were worth $370,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in JOE. Victory Capital Management Inc. boosted its stake in St. Joe by 68.1% during the 4th quarter. Victory Capital Management Inc. now owns 20,573 shares of the financial services provider’s stock worth $795,000 after purchasing an additional 8,333 shares during the last quarter. HRT Financial LP acquired a new stake in St. Joe during the 4th quarter worth $2,280,000. Advisor Group Holdings Inc. boosted its stake in St. Joe by 356.5% during the 4th quarter. Advisor Group Holdings Inc. now owns 4,369 shares of the financial services provider’s stock worth $170,000 after purchasing an additional 3,412 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in St. Joe by 3.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,831 shares of the financial services provider’s stock worth $573,000 after purchasing an additional 482 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its stake in St. Joe by 22.9% during the 4th quarter. Chicago Partners Investment Group LLC now owns 8,324 shares of the financial services provider’s stock worth $397,000 after purchasing an additional 1,549 shares during the last quarter. Institutional investors and hedge funds own 86.49% of the company’s stock.

St. Joe Trading Down 0.5 %

Shares of JOE stock opened at $46.00 on Tuesday. The company’s 50-day moving average price is $42.49 and its 200-day moving average price is $41.55. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 39.66 and a beta of 1.27. The St. Joe Company has a twelve month low of $31.11 and a twelve month high of $50.41.

St. Joe Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Wednesday, May 17th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, May 16th. This represents a $0.40 annualized dividend and a yield of 0.87%. St. Joe’s dividend payout ratio (DPR) is currently 34.48%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of St. Joe in a research report on Thursday, May 18th. They set a “hold” rating on the stock.

Insider Activity at St. Joe

In related news, Director Bruce R. Berkowitz sold 4,300 shares of the business’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $46.66, for a total value of $200,638.00. Following the sale, the director now directly owns 21,128,491 shares in the company, valued at approximately $985,855,390.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Bruce R. Berkowitz sold 4,300 shares of the business’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $46.66, for a total value of $200,638.00. Following the sale, the director now directly owns 21,128,491 shares in the company, valued at approximately $985,855,390.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Bruce R. Berkowitz sold 16,600 shares of the business’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $46.01, for a total transaction of $763,766.00. Following the completion of the sale, the director now owns 20,928,891 shares in the company, valued at $962,938,274.91. The disclosure for this sale can be found here. 41.60% of the stock is owned by insiders.

About St. Joe

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The St. Joe Co engages in real estate development and asset management. It operates through the following segments: Residential, Hospitality, and Commercial. The Residential segment is involved in planning and developing residential communities of various sizes across a wide range of price points and selling home sites to builders and retail consumers.