Stifel Financial Corp Sells 5,003 Shares of POSCO Holdings Inc. (NYSE:PKX)

Stifel Financial Corp lessened its holdings in shares of POSCO Holdings Inc. (NYSE:PKX) by 16.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,308 shares of the basic materials company’s stock after selling 5,003 shares during the quarter. Stifel Financial Corp’s holdings in POSCO were worth $1,841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Atomi Financial Group Inc. boosted its stake in POSCO by 16.3% during the second quarter. Atomi Financial Group Inc. now owns 6,802 shares of the basic materials company’s stock valued at $447,000 after buying an additional 953 shares during the last quarter. Ameritas Advisory Services LLC grew its stake in POSCO by 7.9% in the 2nd quarter. Ameritas Advisory Services LLC now owns 4,084 shares of the basic materials company’s stock worth $268,000 after acquiring an additional 298 shares in the last quarter. Van ECK Associates Corp increased its position in POSCO by 8.3% during the 2nd quarter. Van ECK Associates Corp now owns 84,420 shares of the basic materials company’s stock valued at $5,550,000 after purchasing an additional 6,440 shares during the period. Caprock Group LLC purchased a new position in shares of POSCO in the 2nd quarter worth approximately $442,000. Finally, Ballentine Partners LLC increased its position in POSCO by 16.4% during the 2nd quarter. Ballentine Partners LLC now owns 6,122 shares of the basic materials company’s stock valued at $402,000 after buying an additional 861 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered POSCO from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th.

POSCO Price Performance

POSCO stock opened at $45.15 on Friday. The company’s 50 day simple moving average is $54.50 and its 200-day simple moving average is $62.11. POSCO Holdings Inc. has a 1 year low of $44.64 and a 1 year high of $96.98. The company has a market capitalization of $13.70 billion, a price-to-earnings ratio of 15.84, a price-to-earnings-growth ratio of 0.58 and a beta of 1.38. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.45 and a current ratio of 2.03.

POSCO Company Profile

POSCO Holdings Inc, together with its subsidiaries, operates as an integrated steel producer in Korea and internationally. It operates through six segments: Steel, Trading, Construction, Logistics and Others, Green Materials and Energy, and Others. The company engages in the production, import, sale, and export of steel products, such as hot and cold rolled steel, stainless steel, plates, wire rods, and silicon steel sheets, as well as pig iron, billets, blooms, and slabs; trading of steel and raw materials, textiles, agricultural commodities, and other goods; natural resources development and power generation activities; and planning, designing, and construction of industrial plants, civil engineering projects, and commercial and residential buildings.