Annex Advisory Services LLC Purchases 7,105 Shares of The St. Joe Company (NYSE:JOE)

Annex Advisory Services LLC grew its position in The St. Joe Company (NYSE:JOE) by 33.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,501 shares of the financial services provider’s stock after acquiring an additional 7,105 shares during the quarter. Annex Advisory Services LLC’s holdings in St. Joe were worth $1,662,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Arizona State Retirement System raised its position in St. Joe by 1.9% in the second quarter. Arizona State Retirement System now owns 9,805 shares of the financial services provider’s stock worth $536,000 after purchasing an additional 180 shares in the last quarter. Texas Permanent School Fund Corp raised its holdings in shares of St. Joe by 0.6% in the 2nd quarter. Texas Permanent School Fund Corp now owns 31,348 shares of the financial services provider’s stock worth $1,715,000 after buying an additional 185 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of St. Joe by 4.4% during the 2nd quarter. Hsbc Holdings PLC now owns 6,478 shares of the financial services provider’s stock worth $349,000 after buying an additional 274 shares during the period. Rhumbline Advisers boosted its stake in St. Joe by 0.3% in the 2nd quarter. Rhumbline Advisers now owns 101,188 shares of the financial services provider’s stock valued at $5,535,000 after buying an additional 288 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its position in St. Joe by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 17,900 shares of the financial services provider’s stock valued at $979,000 after acquiring an additional 300 shares during the period. Institutional investors and hedge funds own 86.67% of the company’s stock.

St. Joe Stock Up 2.2 %

Shares of NYSE JOE opened at $59.25 on Monday. The St. Joe Company has a 52-week low of $45.93 and a 52-week high of $64.69. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.33 and a current ratio of 1.33. The business has a fifty day moving average of $58.40 and a two-hundred day moving average of $57.46. The stock has a market cap of $3.46 billion, a PE ratio of 48.57 and a beta of 1.26.

St. Joe (NYSE:JOE) last announced its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter. The firm had revenue of $111.60 million during the quarter. St. Joe had a net margin of 18.32% and a return on equity of 10.07%.

St. Joe Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 9th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.95%. This is a boost from St. Joe’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, August 9th. St. Joe’s dividend payout ratio (DPR) is currently 45.90%.

Insider Buying and Selling at St. Joe

In other news, Director Bruce R. Berkowitz sold 28,100 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $62.98, for a total value of $1,769,738.00. Following the completion of the sale, the director now directly owns 18,172,524 shares in the company, valued at approximately $1,144,505,561.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Bruce R. Berkowitz sold 54,000 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $63.76, for a total transaction of $3,443,040.00. Following the completion of the sale, the director now owns 18,200,624 shares in the company, valued at $1,160,471,786.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Bruce R. Berkowitz sold 28,100 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $62.98, for a total value of $1,769,738.00. Following the completion of the transaction, the director now owns 18,172,524 shares in the company, valued at approximately $1,144,505,561.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 285,000 shares of company stock worth $17,558,573. 38.80% of the stock is currently owned by insiders.

St. Joe Company 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.