Nomura Holdings Inc. Takes $1.06 Million Position in ArcelorMittal S.A. (NYSE:MT)

Nomura Holdings Inc. acquired a new stake in ArcelorMittal S.A. (NYSE:MT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 45,607 shares of the basic materials company's stock, valued at approximately $1,055,000.

Other large investors also recently modified their holdings of the company. Geneos Wealth Management Inc. raised its position in shares of ArcelorMittal by 89.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,134 shares of the basic materials company's stock valued at $26,000 after purchasing an additional 536 shares during the period. BNP Paribas Financial Markets increased its position in ArcelorMittal by 76.2% during the fourth quarter. BNP Paribas Financial Markets now owns 4,878 shares of the basic materials company's stock worth $113,000 after acquiring an additional 2,110 shares during the period. Smartleaf Asset Management LLC increased its position in ArcelorMittal by 76.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 5,963 shares of the basic materials company's stock worth $137,000 after acquiring an additional 2,586 shares during the period. Callan Family Office LLC bought a new position in ArcelorMittal during the fourth quarter worth about $207,000. Finally, PNC Financial Services Group Inc. increased its position in ArcelorMittal by 23.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,076 shares of the basic materials company's stock worth $210,000 after acquiring an additional 1,702 shares during the period. 9.29% of the stock is owned by institutional investors.

ArcelorMittal Trading Up 1.4%

NYSE:MT traded up $0.43 during mid-day trading on Friday, hitting $30.39. 3,349,989 shares of the company's stock were exchanged, compared to its average volume of 1,887,032. The company has a 50 day simple moving average of $29.06 and a 200-day simple moving average of $26.98. The company has a current ratio of 1.35, a quick ratio of 0.59 and a debt-to-equity ratio of 0.17. ArcelorMittal S.A. has a fifty-two week low of $20.52 and a fifty-two week high of $34.90. The firm has a market capitalization of $24.89 billion, a P/E ratio of 18.42, a PEG ratio of 0.14 and a beta of 1.62.

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

ArcelorMittal Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, June 11th. Investors of record on Monday, May 19th will be given a dividend of $0.2338 per share. The ex-dividend date is Friday, May 16th. This represents a yield of 1.44%. ArcelorMittal's dividend payout ratio is presently 30.07%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. The Goldman Sachs Group raised shares of ArcelorMittal from a "neutral" rating to a "buy" rating and raised their target price for the company from $29.00 to $31.70 in a report on Thursday, April 10th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of ArcelorMittal in a report on Monday, April 14th. Jefferies Financial Group lowered shares of ArcelorMittal from a "buy" rating to a "hold" rating and set a $36.20 target price on the stock. in a report on Wednesday, March 26th. Finally, Morgan Stanley lowered shares of ArcelorMittal from an "overweight" rating to an "equal weight" rating in a report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, ArcelorMittal currently has an average rating of "Moderate Buy" and an average price target of $32.95.

ArcelorMittal 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.