Banco Bilbao Vizcaya Argentaria S.A. Purchases 56,345 Shares of ArcelorMittal S.A. (NYSE:MT)

Banco Bilbao Vizcaya Argentaria S.A. increased its stake in ArcelorMittal S.A. (NYSE:MT - Free Report) by 218.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 82,183 shares of the basic materials company's stock after purchasing an additional 56,345 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in ArcelorMittal were worth $1,891,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. boosted its position in ArcelorMittal by 89.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,134 shares of the basic materials company's stock valued at $26,000 after buying an additional 536 shares during the period. GAMMA Investing LLC raised its stake in shares of ArcelorMittal by 68.5% during the 4th quarter. GAMMA Investing LLC now owns 1,464 shares of the basic materials company's stock valued at $34,000 after buying an additional 595 shares during the last quarter. US Bancorp DE increased its position in shares of ArcelorMittal by 5.0% in the fourth quarter. US Bancorp DE now owns 15,085 shares of the basic materials company's stock valued at $349,000 after buying an additional 717 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in ArcelorMittal by 9.1% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 9,545 shares of the basic materials company's stock worth $221,000 after acquiring an additional 797 shares in the last quarter. Finally, United Capital Financial Advisors LLC lifted its stake in ArcelorMittal by 11.5% in the 4th quarter. United Capital Financial Advisors LLC now owns 10,940 shares of the basic materials company's stock worth $253,000 after purchasing an additional 1,129 shares in the last quarter. Institutional investors own 9.29% of the company's stock.

Wall Street Analyst Weigh In

MT has been the topic of a number of research analyst reports. Morgan Stanley downgraded ArcelorMittal from an "overweight" rating to an "equal weight" rating in a research report on Friday, February 14th. Jefferies Financial Group downgraded ArcelorMittal from a "buy" rating to a "hold" rating and set a $36.20 price target for the company. in a report on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of ArcelorMittal in a research note on Monday, April 14th. Finally, The Goldman Sachs Group raised shares of ArcelorMittal from a "neutral" rating to a "buy" rating and upped their target price for the company from $29.00 to $31.70 in a report on Thursday, April 10th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, ArcelorMittal has a consensus rating of "Moderate Buy" and an average price target of $32.95.

ArcelorMittal Stock Up 3.2 %

Shares of MT traded up $0.94 during mid-day trading on Friday, reaching $30.64. The company's stock had a trading volume of 769,409 shares, compared to its average volume of 1,869,345. The company has a market cap of $25.10 billion, a price-to-earnings ratio of 18.58, a price-to-earnings-growth ratio of 0.14 and a beta of 1.60. The company has a quick ratio of 0.59, a current ratio of 1.35 and a debt-to-equity ratio of 0.17. The business has a fifty day moving average of $29.15 and a 200 day moving average of $26.27. ArcelorMittal S.A. has a 1 year low of $20.52 and a 1 year high of $34.90.

ArcelorMittal (NYSE:MT - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.33. The company had revenue of $14.80 billion during the quarter, compared to analysts' expectations of $15.11 billion. ArcelorMittal had a net margin of 2.14% and a return on equity of 4.31%. The business's quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.16 earnings per share. As a group, analysts forecast that ArcelorMittal S.A. will post 3.72 earnings per share for the current fiscal year.

ArcelorMittal Dividend Announcement

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Thursday, November 13th will be issued a $0.275 dividend. This represents a dividend yield of 1.5%. The ex-dividend date is Wednesday, November 12th. ArcelorMittal's payout ratio is currently 30.07%.

ArcelorMittal Company Profile

ArcelorMittal SA, together with its subsidiaries, operates as integrated steel and mining companies in the United States, Europe, and internationally. It offers semi-finished flat products, including slabs; finished flat products comprising plates, hot- and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, tinplate, and color coated coils and sheets; semi-finished long products, such as blooms and billets; finished long products consisting of bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes.