Horizon Kinetics Asset Management LLC Has $25.35 Million Holdings in The St. Joe Company (NYSE:JOE)

Horizon Kinetics Asset Management LLC lifted its holdings in The St. Joe Company (NYSE:JOE) by 7.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 564,202 shares of the financial services provider’s stock after acquiring an additional 40,354 shares during the quarter. Horizon Kinetics Asset Management LLC owned approximately 0.97% of St. Joe worth $25,350,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC lifted its holdings in St. Joe by 277.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider’s stock worth $26,000 after buying an additional 430 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in St. Joe during the 3rd quarter worth $35,000. US Bancorp DE lifted its holdings in St. Joe by 163.6% during the 3rd quarter. US Bancorp DE now owns 1,128 shares of the financial services provider’s stock worth $66,000 after buying an additional 700 shares in the last quarter. Campbell Capital Management Inc. acquired a new position in St. Joe during the 4th quarter worth $67,000. Finally, KBC Group NV lifted its holdings in St. Joe by 35.8% during the 3rd quarter. KBC Group NV now owns 1,483 shares of the financial services provider’s stock worth $86,000 after buying an additional 391 shares in the last quarter. 86.67% of the stock is owned by institutional investors and hedge funds.

St. Joe Stock Up 1.6 %

NYSE:JOE opened at $44.83 on Monday. The stock’s fifty day moving average price is $46.90 and its two-hundred day moving average price is $50.98. The St. Joe Company has a 52-week low of $42.94 and a 52-week high of $64.69. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market cap of $2.61 billion, a price-to-earnings ratio of 37.99 and a beta of 1.30.

St. Joe (NYSE:JOE) last posted its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter. The firm had revenue of $104.30 million for the quarter. St. Joe had a return on equity of 9.58% and a net margin of 17.76%.

St. Joe Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Monday, March 10th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Monday, March 10th. St. Joe’s dividend payout ratio (DPR) is currently 44.09%.

Insider Activity

In related news, major shareholder Bruce R. Berkowitz sold 95,700 shares of the company’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $47.11, for a total value of $4,508,427.00. Following the completion of the sale, the insider now owns 17,162,524 shares in the company, valued at $808,526,505.64. This represents a 0.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 38.80% of the stock is currently owned by company insiders.

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.