Los Angeles Capital Management LLC Grows Holdings in The St. Joe Company (NYSE:JOE)

Los Angeles Capital Management LLC grew its holdings in shares of The St. Joe Company (NYSE:JOE) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,117 shares of the financial services provider’s stock after buying an additional 901 shares during the quarter. Los Angeles Capital Management LLC’s holdings in St. Joe were worth $994,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 Hong Kong Ltd bought a new position in St. Joe during the third quarter worth $35,000. Blue Trust Inc. lifted its stake in St. Joe by 549.1% during the third quarter. Blue Trust Inc. now owns 727 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 615 shares during the last quarter. US Bancorp DE lifted its stake in St. Joe by 163.6% during the third quarter. US Bancorp DE now owns 1,128 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 700 shares during the last quarter. KBC Group NV lifted its stake in St. Joe by 35.8% during the third quarter. KBC Group NV now owns 1,483 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 391 shares during the last quarter. Finally, Legacy Capital Group California Inc. lifted its stake in St. Joe by 12.4% during the fourth quarter. Legacy Capital Group California Inc. now owns 4,899 shares of the financial services provider’s stock worth $220,000 after purchasing an additional 540 shares during the last quarter. 86.67% of the stock is currently owned by hedge funds and other institutional investors.

St. Joe Stock Performance

Shares of JOE opened at $47.94 on Friday. The business’s fifty day moving average price is $46.70 and its 200 day moving average price is $51.93. The St. Joe Company has a 12-month low of $42.94 and a 12-month high of $64.69. The stock has a market capitalization of $2.80 billion, a PE ratio of 40.63 and a beta of 1.28. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.34 and a quick ratio of 1.34.

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

St. Joe Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders 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 yield of 1.17%. The ex-dividend date is Monday, March 10th. St. Joe’s payout ratio is 47.46%.

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.