Jane Street Group LLC Buys New Shares in Tim S.A. (NYSE:TIMB)

Jane Street Group LLC bought a new position in shares of Tim S.A. (NYSE:TIMB) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 12,495 shares of the company’s stock, valued at approximately $215,000.

Other large investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its holdings in TIM by 108.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,606 shares of the company’s stock worth $25,000 after buying an additional 835 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of TIM during the 3rd quarter worth about $25,000. Inspire Advisors LLC purchased a new stake in TIM during the third quarter worth approximately $173,000. XTX Topco Ltd boosted its holdings in TIM by 26.1% in the second quarter. XTX Topco Ltd now owns 13,264 shares of the company’s stock valued at $190,000 after purchasing an additional 2,746 shares in the last quarter. Finally, Creative Planning purchased a new position in TIM in the third quarter valued at approximately $216,000.

TIM Trading Down 4.8 %

NYSE TIMB opened at $11.40 on Monday. The firm’s fifty day moving average is $12.99 and its two-hundred day moving average is $14.74. Tim S.A. has a one year low of $11.32 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 firm has a market cap of $5.52 billion, a PE ratio of 9.05, a P/E/G ratio of 0.57 and a beta of 0.83.

TIM (NYSE:TIMB) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter. Analysts expect that Tim S.A. will post 1.2 earnings per share for the current year.

TIM Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Monday, December 30th will be issued a dividend of $0.1723 per share. The ex-dividend date of this dividend is Monday, December 30th. This is an increase from TIM’s previous quarterly dividend of $0.09. This represents a $0.69 annualized dividend and a dividend yield of 6.04%. TIM’s dividend payout ratio (DPR) is currently 53.97%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group lowered their target price on shares of TIM from $16.20 to $14.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Scotiabank decreased their price objective on shares of TIM from $24.80 to $23.20 and set a “sector outperform” rating for the company in a research note on Tuesday, November 5th. Barclays cut their target price on TIM from $18.00 to $17.50 and set an “equal weight” rating on the stock in a research report on Tuesday, November 12th. Finally, UBS Group cut TIM from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th.

TIM Profile

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.