St. Joe Company (The) (NYSE:JOE) Stake Increased by Geode Capital Management LLC

Geode Capital Management LLC increased 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 SEC. 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 about 0.70% of St. Joe Company (The) worth $8,899,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in JOE. Raymond James Financial Services Advisors Inc. boosted 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 in the last quarter. Stifel Financial Corp boosted 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 in the last quarter. US Bancorp DE boosted 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 in the last quarter. Trexquant Investment LP bought a new position in shares of St. Joe Company (The) during the first quarter valued at $378,000. Finally, American International Group Inc. boosted 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 in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Shares of St. Joe Company (NYSE:JOE) opened at 19.10 on Friday. St. Joe Company has a 52-week low of $16.30 and a 52-week high of $21.90. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 68.46 and a beta of 0.91. The firm has a 50 day moving average price of $18.55 and a 200-day moving average price of $17.67.

St. Joe Company (The) (NYSE:JOE) last released its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.11. The firm had revenue of $30.40 million for the quarter. St. Joe Company (The) had a return on equity of 3.08% and a net margin of 23.02%. Equities research analysts anticipate that St. Joe Company will post $0.25 earnings per share for the current year.

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JOE has been the subject of a number of research analyst reports. BidaskClub cut St. Joe Company (The) from a “buy” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research cut St. Joe Company (The) from a “buy” rating to a “hold” rating in a report on Thursday, July 13th.

St. Joe Company (The) Company Profile

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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