Vanguard Amends St. Joe Co. Stake to 5.8% as of Dec 29, 2023

TL;DR

**Vanguard still owns 5.8% of St. Joe Co., showing continued passive institutional interest.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, indicating a change in its ownership stake in The St. Joe Co. as of December 29, 2023. This filing, an amendment number 8, shows that Vanguard continues to be a significant passive investor in the real estate developer, holding 10,034,064 shares of common stock, representing 5.8% of the company. This matters to investors because Vanguard's continued substantial, albeit slightly reduced, stake signals ongoing institutional confidence in St. Joe Co.'s long-term prospects, even as their passive holdings fluctuate.

Why It Matters

Vanguard's updated passive ownership in The St. Joe Co. provides insight into institutional sentiment, which can influence market perception and investor confidence in the stock.

Risk Assessment

Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate significant risk or opportunity.

Analyst Insight

Investors should note Vanguard's continued, albeit slightly adjusted, passive ownership as a sign of ongoing institutional presence, but this filing alone doesn't suggest a need for immediate action. It's a routine update reflecting a large fund's portfolio adjustments.

Key Numbers

• 10,034,064 — Shares Owned (The number of common shares of The St. Joe Co. beneficially owned by The Vanguard Group.)
• 5.8% — Ownership Percentage (The percentage of The St. Joe Co.'s common stock owned by The Vanguard Group, indicating a significant passive stake.)
• 8 — Amendment Number (This is the eighth amendment to Vanguard's Schedule 13G filing for The St. Joe Co., showing ongoing adjustments to their holdings.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• The St. Joe Co. (company) — subject company, a land subdivider and developer
• 10,034,064 (dollar_amount) — number of shares of common stock beneficially owned by Vanguard
• 5.8% (dollar_amount) — percentage of The St. Joe Co.'s common stock owned by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing
• February 13, 2024 (date) — filing date of the SC 13G/A amendment

Forward-Looking Statements

• Vanguard will maintain a significant, passive stake in The St. Joe Co. (The Vanguard Group) — high confidence, target: Next 12-24 months

FAQ

Filing Documents

• tv01980-stjoecothe.htm (SC 13G/A) — 11KB
• 0001104659-24-021997.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: St Joe Co/The

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 130 Richard Jackson Boulevard, Suite 200 Panama City Beach, FL 32407

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 790148100

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR