MetLife Investment Management LLC Buys 1,204 Shares of The St. Joe Company (NYSE:JOE)

MetLife Investment Management LLC increased its stake in shares of The St. Joe Company (NYSE:JOE) by 5.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,012 shares of the financial services provider’s stock after acquiring an additional 1,204 shares during the quarter. MetLife Investment Management LLC’s holdings in St. Joe were worth $989,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of JOE. Arete Wealth Advisors LLC boosted its position in shares of St. Joe by 5.1% during the 4th quarter. Arete Wealth Advisors LLC now owns 5,047 shares of the financial services provider’s stock worth $226,000 after purchasing an additional 243 shares in the last quarter. Carmel Capital Partners LLC boosted its holdings in St. Joe by 4.6% in the fourth quarter. Carmel Capital Partners LLC now owns 8,516 shares of the financial services provider’s stock worth $383,000 after acquiring an additional 375 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in St. Joe by 277.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 430 shares during the period. Legacy Capital Group California Inc. grew its stake in St. Joe by 12.4% in the fourth quarter. Legacy Capital Group California Inc. now owns 4,899 shares of the financial services provider’s stock valued at $220,000 after acquiring an additional 540 shares during the period. Finally, KBC Group NV increased its holdings in shares of St. Joe by 38.8% during the fourth quarter. KBC Group NV now owns 2,059 shares of the financial services provider’s stock valued at $93,000 after acquiring an additional 576 shares in the last quarter. 86.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at St. Joe

In related news, major shareholder Bruce R. Berkowitz sold 2,900 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $47.01, for a total value of $136,329.00. Following the completion of the sale, the insider now directly owns 16,940,624 shares of the company’s stock, valued at approximately $796,378,734.24. This represents a 0.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 300,000 shares of company stock valued at $14,113,022 over the last ninety days. 0.32% of the stock is currently owned by insiders.

St. Joe Price Performance

Shares of JOE opened at $44.03 on Friday. The business’s fifty day moving average is $44.63 and its 200 day moving average is $47.43. The St. Joe Company has a 12-month low of $40.19 and a 12-month high of $64.69. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.85. The stock has a market cap of $2.56 billion, a P/E ratio of 37.31 and a beta of 1.28.

St. Joe (NYSE:JOE) last released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.30 earnings per share for the quarter. The firm had revenue of $94.20 million for the quarter. St. Joe had a net margin of 17.76% and a return on equity of 9.58%.

St. Joe Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, June 10th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Tuesday, June 10th. St. Joe’s dividend payout ratio is currently 42.11%.

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.