Schroder Investment Management Group Makes New Investment in Tim S.A. (NYSE:TIMB)

Schroder Investment Management Group acquired a new position in shares of Tim S.A. (NYSE:TIMB) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 483,838 shares of the company’s stock, valued at approximately $5,666,000. Schroder Investment Management Group owned about 0.10% of TIM at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of TIM in the 3rd quarter worth about $25,000. Point72 Asset Management L.P. boosted its stake in TIM by 57.4% in the third 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. Stifel Financial Corp grew its holdings in shares of TIM by 1.0% during the third quarter. Stifel Financial Corp now owns 85,050 shares of the company’s stock valued at $1,465,000 after purchasing an additional 822 shares during the last quarter. State Street Corp raised its position in shares of TIM by 16.7% during the 3rd quarter. State Street Corp now owns 583,724 shares of the company’s stock worth $10,207,000 after purchasing an additional 83,468 shares during the period. Finally, Jane Street Group LLC bought a new stake in shares of TIM in the 3rd quarter worth approximately $215,000.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TIMB. The Goldman Sachs Group dropped their target price on TIM from $16.20 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. UBS Group cut shares of TIM from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Barclays boosted their target price on shares of TIM from $16.00 to $16.50 and gave the company an “equal weight” rating in a research note on Monday, March 17th. Finally, Scotiabank dropped their price target on shares of TIM from $23.20 to $17.60 and set a “sector outperform” rating on the stock in a research note on Wednesday, February 12th.

TIM Price Performance

Shares of TIMB opened at $15.23 on Friday. Tim S.A. has a one year low of $11.32 and a one year high of $18.78. The stock’s fifty day moving average is $14.59 and its 200-day moving average is $14.18. 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 capitalization of $7.37 billion, a price-to-earnings ratio of 12.90, a price-to-earnings-growth ratio of 0.67 and a beta of 0.53.

TIM (NYSE:TIMB) last released its earnings results on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.04). TIM had a net margin of 12.24% and a return on equity of 11.91%. Equities analysts anticipate that Tim S.A. will post 1.34 EPS for the current year.

TIM Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, October 30th. Shareholders of record on Friday, April 11th will be given a $0.2288 dividend. This represents a yield of 5.73%. This is an increase from TIM’s previous dividend of $0.08. The ex-dividend date of this dividend is Thursday, April 10th. TIM’s dividend payout ratio is 58.47%.

TIM Company 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.