Benjamin F. Edwards & Company Inc. Invests $31,000 in POSCO Holdings Inc. (NYSE:PKX)

Benjamin F. Edwards & Company Inc. bought a new position in POSCO Holdings Inc. (NYSE:PKXFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 327 shares of the basic materials company’s stock, valued at approximately $31,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. raised its holdings in POSCO by 6.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 303,046 shares of the basic materials company’s stock valued at $31,062,000 after buying an additional 19,057 shares during the last quarter. American Century Companies Inc. raised its holdings in POSCO by 9.5% in the 3rd quarter. American Century Companies Inc. now owns 271,763 shares of the basic materials company’s stock valued at $27,856,000 after buying an additional 23,668 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in POSCO by 12.5% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 80,320 shares of the basic materials company’s stock valued at $8,233,000 after buying an additional 8,903 shares during the last quarter. Van ECK Associates Corp raised its holdings in POSCO by 8.4% in the 3rd quarter. Van ECK Associates Corp now owns 79,859 shares of the basic materials company’s stock valued at $8,186,000 after buying an additional 6,202 shares during the last quarter. Finally, CWA Asset Management Group LLC raised its holdings in POSCO by 26.3% in the 3rd quarter. CWA Asset Management Group LLC now owns 77,073 shares of the basic materials company’s stock valued at $7,900,000 after buying an additional 16,052 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of POSCO from a “buy” rating to a “hold” rating in a report on Friday, April 26th.

Get Our Latest Stock Analysis on POSCO

POSCO Stock Up 0.9 %

POSCO stock opened at $73.48 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 2.08. POSCO Holdings Inc. has a 52-week low of $67.42 and a 52-week high of $133.09. The firm has a 50 day moving average price of $76.43 and a two-hundred day moving average price of $82.74. The firm has a market cap of $22.23 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 0.58 and a beta of 1.46.

POSCO (NYSE:PKXGet Free Report) last released its earnings results on Wednesday, February 21st. The basic materials company reported ($0.52) earnings per share (EPS) for the quarter. The company had revenue of $14.15 billion for the quarter. POSCO had a net margin of 2.09% and a return on equity of 2.50%. Equities analysts predict that POSCO Holdings Inc. will post 4.65 EPS for the current year.

POSCO Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Friday, January 1st were given a dividend of $0.4683 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.87 dividend on an annualized basis and a dividend yield of 2.55%. POSCO’s dividend payout ratio (DPR) is presently 36.75%.

POSCO Profile

(Free Report)

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.

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Institutional Ownership by Quarter for POSCO (NYSE:PKX)

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