Goldman Sachs Group Inc. Has $1.49 Million Position in St. Joe Company (The) (JOE)

Goldman Sachs Group Inc. raised its position in shares of St. Joe Company (The) (NYSE:JOE) by 22.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 87,338 shares of the financial services provider’s stock after buying an additional 15,838 shares during the period. Goldman Sachs Group Inc. owned about 0.12% of St. Joe Company (The) worth $1,489,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. UBS Group AG boosted its stake in St. Joe Company (The) by 4.9% in the first quarter. UBS Group AG now owns 6,203 shares of the financial services provider’s stock worth $106,000 after buying an additional 289 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in 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 worth $199,000 after buying an additional 37 shares during the period. Highbridge Capital Management LLC acquired a new stake in St. Joe Company (The) during the first quarter worth approximately $244,000. Stifel Financial Corp boosted its stake in 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 worth $264,000 after buying an additional 234 shares during the period. Finally, US Bancorp DE boosted its stake in 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 worth $275,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.

Shares of St. Joe Company (NYSE:JOE) opened at 19.10 on Friday. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 68.46 and a beta of 0.91. St. Joe Company has a 52 week low of $16.30 and a 52 week high of $21.90. The stock 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 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.11. St. Joe Company (The) had a return on equity of 3.08% and a net margin of 23.02%. The firm had revenue of $30.40 million during the quarter. On average, analysts anticipate that St. Joe Company will post $0.25 EPS for the current year.

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A number of analysts have recently issued reports on JOE shares. BidaskClub lowered St. Joe Company (The) from a “buy” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research lowered St. Joe Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th.

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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