POSCO Holdings Inc. (NYSE:PKX) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC lifted its holdings in shares of POSCO Holdings Inc. (NYSE:PKX) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,361 shares of the basic materials company’s stock after buying an additional 215 shares during the quarter. Cerity Partners LLC’s holdings in POSCO were worth $1,461,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Stifel Financial Corp raised its stake in shares of POSCO by 0.3% during the 2nd quarter. Stifel Financial Corp now owns 34,086 shares of the basic materials company’s stock worth $2,521,000 after buying an additional 94 shares during the period. DMC Group LLC raised its stake in shares of POSCO by 1.3% during the 4th quarter. DMC Group LLC now owns 10,884 shares of the basic materials company’s stock worth $1,035,000 after buying an additional 138 shares during the period. Ameriprise Financial Inc. raised its stake in shares of POSCO by 2.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,181 shares of the basic materials company’s stock worth $736,000 after buying an additional 156 shares during the period. Captrust Financial Advisors raised its stake in shares of POSCO by 56.5% during the 1st quarter. Captrust Financial Advisors now owns 557 shares of the basic materials company’s stock worth $33,000 after buying an additional 201 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in shares of POSCO by 3.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,573 shares of the basic materials company’s stock worth $390,000 after buying an additional 239 shares during the period.

Analysts Set New Price Targets

Separately, StockNews.com upgraded POSCO from a “hold” rating to a “buy” rating in a research report on Thursday.

POSCO Stock Up 0.7 %

Shares of PKX opened at $70.59 on Friday. The company has a current ratio of 2.11, a quick ratio of 1.48 and a debt-to-equity ratio of 0.25. POSCO Holdings Inc. has a one year low of $67.42 and a one year high of $133.09. The stock has a 50 day moving average price of $79.21 and a 200 day moving average price of $84.80.

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 return on equity of 3.02% and a net margin of 2.45%. The firm had revenue of $14.15 billion for the quarter. As a group, analysts forecast that POSCO Holdings Inc. will post 4.79 EPS for the current fiscal year.

POSCO Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Monday, April 1st will be issued a $0.4726 dividend. This represents a $1.89 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend is Thursday, March 28th. POSCO’s payout ratio is currently 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.