Stifel Financial Corp Grows Holdings in Tim S.A. (NYSE:TIMB)

Stifel Financial Corp grew its stake in shares of Tim S.A. (NYSE:TIMB) by 1.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 85,050 shares of the company’s stock after acquiring an additional 822 shares during the quarter. Stifel Financial Corp’s holdings in TIM were worth $1,465,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TIMB. Point72 Asset Management L.P. lifted its stake in TIM by 57.4% during the 3rd quarter. Point72 Asset Management L.P. now owns 83,543 shares of the company’s stock valued at $1,439,000 after acquiring an additional 30,482 shares during the period. Itau Unibanco Holding S.A. raised its holdings in shares of TIM by 55.8% during the third quarter. Itau Unibanco Holding S.A. now owns 1,073,450 shares of the company’s stock valued at $18,485,000 after purchasing an additional 384,500 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in TIM during the third quarter valued at approximately $25,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in TIM in the third quarter worth approximately $12,054,000. Finally, Quantbot Technologies LP grew its position in TIM by 90.2% in the 3rd quarter. Quantbot Technologies LP now owns 38,840 shares of the company’s stock worth $669,000 after purchasing an additional 18,418 shares during the period.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TIMB shares. The Goldman Sachs Group lowered their price target on TIM from $16.20 to $14.00 and set a “neutral” rating on the stock in a report on Thursday. UBS Group downgraded TIM from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Scotiabank cut their price target on TIM from $24.80 to $23.20 and set a “sector outperform” rating for the company in a research note on Tuesday, November 5th. Finally, Barclays cut their target price on shares of TIM from $18.00 to $17.50 and set an “equal weight” rating for the company in a research report on Tuesday, November 12th.

TIM Trading Up 1.6 %

NYSE TIMB opened at $12.23 on Friday. Tim S.A. has a one year low of $11.76 and a one year high of $19.14. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.97. The company has a market capitalization of $5.92 billion, a price-to-earnings ratio of 9.71, a price-to-earnings-growth ratio of 0.57 and a beta of 0.84. The company’s 50-day simple moving average is $13.92 and its two-hundred day simple moving average is $15.05.

TIM (NYSE:TIMB) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.09). TIM had a net margin of 12.71% and a return on equity of 11.73%. The company had revenue of $1.16 billion for the quarter. Equities analysts forecast that Tim S.A. will post 1.2 EPS for the current fiscal year.

TIM Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Monday, December 30th will be issued a $0.1723 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 5.63%. This is a boost from TIM’s previous quarterly dividend of $0.09. TIM’s dividend payout ratio (DPR) is currently 53.97%.

About TIM

TIM SA, a telecommunications company, provides mobile voice, data, and broadband services in Brazil. The company offers in mobile, landline, long-distance, and data transmission services. It also offers fixed ultra-broadband, fixed ultraband broadband, and digital content services. The company serves individuals and corporates, as well as small, medium, and large companies.