SVB Wealth LLC Sells 286 Shares of POSCO Holdings Inc. (NYSE:PKX)

SVB Wealth LLC reduced its position in shares of POSCO Holdings Inc. (NYSE:PKX) by 10.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,474 shares of the basic materials company’s stock after selling 286 shares during the quarter. SVB Wealth LLC’s holdings in POSCO were worth $235,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC bought a new stake in POSCO during the 4th quarter valued at $25,000. Paradigm Asset Management Co. LLC raised its holdings in POSCO by 187.5% during the 3rd quarter. Paradigm Asset Management Co. LLC now owns 1,150 shares of the basic materials company’s stock valued at $118,000 after buying an additional 750 shares during the last quarter. Foster Group Inc. bought a new stake in POSCO during the 3rd quarter valued at $222,000. Americana Partners LLC bought a new position in POSCO in the 3rd quarter worth $254,000. Finally, Blue Trust Inc. raised its holdings in POSCO by 68.7% in the 4th quarter. Blue Trust Inc. now owns 3,154 shares of the basic materials company’s stock worth $323,000 after purchasing an additional 1,284 shares in the last quarter.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of POSCO from a “hold” rating to a “buy” rating in a report on Thursday, April 18th.

POSCO Stock Up 1.5 %

Shares of NYSE PKX opened at $71.64 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.48 and a current ratio of 2.11. POSCO Holdings Inc. has a 12 month low of $67.42 and a 12 month high of $133.09. The firm has a fifty day simple moving average of $78.92 and a two-hundred day simple moving average of $84.55.

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

POSCO Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Monday, April 1st will be given a $0.4726 dividend. This represents a $1.89 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date is Thursday, March 28th. 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.