JPMorgan Chase & Co. Purchases 18,970 Shares of Tim S.A. (NYSE:TIMB)

JPMorgan Chase & Co. raised its holdings in shares of Tim S.A. (NYSE:TIMB) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 829,841 shares of the company’s stock after purchasing an additional 18,970 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.17% of TIM worth $9,759,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in TIM during the third quarter valued at approximately $25,000. Stifel Financial Corp lifted its stake in TIM by 1.0% in the third quarter. Stifel Financial Corp now owns 85,050 shares of the company’s stock worth $1,465,000 after purchasing an additional 822 shares during the last quarter. State Street Corp grew its stake in shares of TIM by 16.7% during the third quarter. State Street Corp now owns 583,724 shares of the company’s stock valued at $10,207,000 after buying an additional 83,468 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of TIM in the third quarter worth about $215,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of TIM in the 3rd quarter valued at about $1,089,000.

Analyst Upgrades and Downgrades

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

TIM Price Performance

Shares of NYSE:TIMB opened at $14.97 on Tuesday. The business has a fifty day moving average price of $14.81 and a 200-day moving average price of $14.03. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.97 and a quick ratio of 0.93. The company has a market capitalization of $7.25 billion, a PE ratio of 12.69, a PEG ratio of 0.67 and a beta of 0.53. Tim S.A. has a 1-year low of $11.32 and a 1-year high of $18.39.

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

TIM Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, October 30th. Investors of record on Friday, April 11th will be given a $0.2288 dividend. The ex-dividend date is Thursday, April 10th. This is a boost from TIM’s previous dividend of $0.08. This represents a yield of 5.73%. TIM’s dividend payout ratio is 65.25%.

About TIM

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.