Assetmark Inc. Purchases 3,449 Shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK)

Assetmark Inc. increased its position in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 1,368.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,701 shares of the utilities provider’s stock after purchasing an additional 3,449 shares during the quarter. Assetmark Inc.’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $55,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of TLK. Citadel Advisors LLC bought a new position in PT Telekomunikasi Indonesia, Tbk in the fourth quarter worth approximately $16,533,000. Envestnet Asset Management Inc. grew its stake in PT Telekomunikasi Indonesia, Tbk by 19.4% in the first quarter. Envestnet Asset Management Inc. now owns 884,939 shares of the utilities provider’s stock worth $13,071,000 after purchasing an additional 143,928 shares in the last quarter. Norges Bank bought a new stake in PT Telekomunikasi Indonesia, Tbk during the 4th quarter valued at $2,270,000. Robeco Institutional Asset Management B.V. boosted its position in PT Telekomunikasi Indonesia, Tbk by 237.9% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 164,386 shares of the utilities provider’s stock valued at $2,428,000 after acquiring an additional 115,737 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in PT Telekomunikasi Indonesia, Tbk by 351.3% during the 4th quarter. Jane Street Group LLC now owns 77,163 shares of the utilities provider’s stock valued at $1,269,000 after acquiring an additional 60,064 shares in the last quarter.

PT Telekomunikasi Indonesia, Tbk Stock Up 2.2%

Shares of NYSE TLK opened at $18.23 on Tuesday. The company has a current ratio of 0.89, a quick ratio of 0.87 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $18.05 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 2.81 and a beta of 0.63. The stock’s fifty day simple moving average is $16.98 and its two-hundred day simple moving average is $15.98. PT Telekomunikasi Indonesia, Tbk has a 12-month low of $13.15 and a 12-month high of $21.00.

PT Telekomunikasi Indonesia, Tbk Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 12th were given a $1.3038 dividend. This represents a dividend yield of 580.0%. The ex-dividend date of this dividend was Thursday, June 12th. This is a positive change from PT Telekomunikasi Indonesia, Tbk’s previous annual dividend of $1.11. PT Telekomunikasi Indonesia, Tbk’s payout ratio is 70.95%.

Analysts Set New Price Targets

Separately, New Street Research cut PT Telekomunikasi Indonesia, Tbk from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 17th.

PT Telekomunikasi Indonesia, Tbk Profile

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides information and communications technology, and telecommunications network services worldwide. The company operates through mobile, consumer, enterprise, Wholesale and International Business, and Other segments. The Mobile segment offers mobile voice, SMS, value added services, and mobile broadband services.