Lumbard & Kellner LLC Increases Stake in St. Joe Company (The) (NYSE:JOE)

Lumbard & Kellner LLC increased its stake in St. Joe Company (The) (NYSE:JOE) by 4.7% during the 1st quarter, Holdings Channel.com reports. The fund owned 14,557 shares of the financial services provider’s stock after buying an additional 653 shares during the period. Lumbard & Kellner LLC’s holdings in St. Joe were worth $683,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its stake in St. Joe by 277.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 430 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of St. Joe during the 4th quarter worth $38,000. Campbell Capital Management Inc. acquired a new stake in shares of St. Joe during the 4th quarter worth $67,000. XTX Topco Ltd purchased a new position in shares of St. Joe in the 4th quarter worth $210,000. Finally, Legacy Capital Group California Inc. boosted its holdings 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 last quarter. 86.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen lowered St. Joe from a “buy” rating to a “hold” rating in a research note on Sunday, June 8th.

St. Joe Stock Up 1.3%

Shares of NYSE:JOE opened at $46.76 on Thursday. The stock has a 50-day simple moving average of $44.23 and a 200-day simple moving average of $45.71. The stock has a market capitalization of $2.72 billion, a P/E ratio of 35.16 and a beta of 1.36. St. Joe Company has a 1 year low of $40.19 and a 1 year high of $64.69. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.52 and a current ratio of 1.52.

St. Joe (NYSE:JOE) last released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.30 earnings per share (EPS) for the quarter. St. Joe had a net margin of 18.99% and a return on equity of 10.62%. The company had revenue of $94.20 million during the quarter.

St. Joe Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, June 10th will be issued a dividend of $0.14 per share. The ex-dividend date is Tuesday, June 10th. This represents a $0.56 annualized dividend and a dividend yield of 1.20%. St. Joe’s payout ratio is 42.11%.

St. Joe 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 engages in the development of communities into homesites for sale to homebuilders and on a limited basis to retail customers.