Geode Capital Management LLC Acquires 22,388 Shares of St. Joe Company (The) (NYSE:JOE)

Geode Capital Management LLC boosted its stake in shares of St. Joe Company (The) (NYSE:JOE) by 4.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 521,972 shares of the financial services provider’s stock after buying an additional 22,388 shares during the period. Geode Capital Management LLC owned approximately 0.70% of St. Joe Company (The) worth $8,899,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in JOE. Raymond James Financial Services Advisors Inc. increased its position in shares of St. Joe Company (The) by 0.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 11,676 shares of the financial services provider’s stock valued at $199,000 after buying an additional 37 shares during the period. Stifel Financial Corp increased its position in shares of St. Joe Company (The) by 1.5% in the first quarter. Stifel Financial Corp now owns 15,645 shares of the financial services provider’s stock valued at $264,000 after buying an additional 234 shares during the period. US Bancorp DE increased its position in shares of St. Joe Company (The) by 1.9% in the first quarter. US Bancorp DE now owns 16,112 shares of the financial services provider’s stock valued at $275,000 after buying an additional 300 shares during the period. Trexquant Investment LP purchased a new position in shares of St. Joe Company (The) during the first quarter valued at $378,000. Finally, American International Group Inc. increased its position in shares of St. Joe Company (The) by 7.1% in the first quarter. American International Group Inc. now owns 31,115 shares of the financial services provider’s stock valued at $531,000 after buying an additional 2,064 shares during the period. Institutional investors and hedge funds own 94.15% of the company’s stock.

St. Joe Company (JOE) traded down 0.26% on Friday, reaching $19.40. 424,132 shares of the company’s stock were exchanged. The stock has a market capitalization of $1.37 billion, a PE ratio of 69.53 and a beta of 0.91. St. Joe Company has a 12 month low of $16.30 and a 12 month high of $21.90. The firm has a 50 day moving average of $18.51 and a 200 day moving average of $17.59.

St. Joe Company (The) (NYSE:JOE) last announced its earnings results on Thursday, August 3rd. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.11. St. Joe Company (The) had a net margin of 23.02% and a return on equity of 3.08%. The business had revenue of $30.40 million for the quarter. Equities analysts predict that St. Joe Company will post $0.03 earnings per share for the current fiscal year.

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A number of research analysts have commented on JOE shares. Zacks Investment Research downgraded shares of St. Joe Company (The) from a “buy” rating to a “hold” rating in a research note on Friday, July 21st. BidaskClub upgraded shares of St. Joe Company (The) from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 22nd.

About St. Joe Company (The)

The St. Joe Company is a real estate development, asset management and operating company. The Company operates through five segments: residential real estate; commercial real estate; resorts and leisure; leasing operations, and forestry. Its residential real estate segment plans and develops primary residential and resort residential communities of various sizes on its existing land.

Institutional Ownership by Quarter for St. Joe Company (The) (NYSE:JOE)

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