Sequoia Financial Advisors LLC Sells 143 Shares of POSCO Holdings Inc. (NYSE:PKX)

Sequoia Financial Advisors LLC lowered its holdings in POSCO Holdings Inc. (NYSE:PKX) by 1.4% during the 4th quarter, Holdings Channel reports. The firm owned 10,408 shares of the basic materials company’s stock after selling 143 shares during the period. Sequoia Financial Advisors LLC’s holdings in POSCO were worth $990,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of PKX. Bruce G. Allen Investments LLC purchased a new position in POSCO in the fourth quarter worth $25,000. Captrust Financial Advisors boosted its position in POSCO by 56.5% in the first quarter. Captrust Financial Advisors now owns 557 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 201 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in POSCO in the third quarter worth $35,000. Comerica Bank purchased a new position in POSCO in the second quarter worth $84,000. Finally, Paradigm Asset Management Co. LLC boosted its position in POSCO by 187.5% in the third quarter. Paradigm Asset Management Co. LLC now owns 1,150 shares of the basic materials company’s stock worth $118,000 after purchasing an additional 750 shares during the last quarter.

POSCO Trading Down 4.5 %

PKX stock opened at $70.35 on Monday. The stock’s fifty day simple moving average is $80.64 and its two-hundred day simple moving average is $85.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.11 and a quick ratio of 1.48. POSCO Holdings Inc. has a 1-year low of $67.42 and a 1-year high of $133.09.

POSCO (NYSE:PKX) last issued its quarterly earnings results on Wednesday, February 21st. The basic materials company reported ($0.52) EPS for the quarter. POSCO had a net margin of 2.45% and a return on equity of 3.02%. The firm had revenue of $14.15 billion for the quarter. On average, equities analysts expect that POSCO Holdings Inc. will post 4.79 EPS for the current year.

POSCO Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Monday, April 1st will be given a dividend of $0.4726 per share. The ex-dividend date is Thursday, March 28th. This represents a $1.89 dividend on an annualized basis and a dividend yield of 2.69%. POSCO’s dividend payout ratio is presently 31.30%.

About POSCO

POSCO Holdings Inc, together with its subsidiaries, manufactures and sells iron and steel rolled products in South Korea and internationally. It operates in two segments Steel and Others. The company offers hot and cold rolled steel, steel plates, wire rods, galvanized steel, electrical steel, stainless steel, and titanium.