Nomura Holdings Inc. Makes New $1.06 Million Investment in ArcelorMittal S.A. (NYSE:MT)

Nomura Holdings Inc. bought a new stake in ArcelorMittal S.A. (NYSE:MT - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 45,607 shares of the basic materials company's stock, valued at approximately $1,055,000.

Several other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in ArcelorMittal by 221.3% during the 4th quarter. Bank of New York Mellon Corp now owns 3,403,048 shares of the basic materials company's stock worth $78,712,000 after acquiring an additional 2,344,020 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in ArcelorMittal by 24.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 67,562 shares of the basic materials company's stock worth $1,563,000 after acquiring an additional 13,141 shares in the last quarter. American Century Companies Inc. grew its stake in shares of ArcelorMittal by 4.8% during the fourth quarter. American Century Companies Inc. now owns 280,838 shares of the basic materials company's stock worth $6,496,000 after purchasing an additional 12,929 shares in the last quarter. Callan Family Office LLC acquired a new position in shares of ArcelorMittal during the fourth quarter worth $207,000. Finally, Vestmark Advisory Solutions Inc. acquired a new position in shares of ArcelorMittal during the fourth quarter worth $256,000. 9.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

ArcelorMittal Stock Performance

Shares of MT stock traded down $0.27 during trading hours on Wednesday, hitting $30.88. The stock had a trading volume of 2,307,260 shares, compared to its average volume of 1,860,158. The firm has a market capitalization of $25.30 billion, a PE ratio of 18.71, a PEG ratio of 0.14 and a beta of 1.62. ArcelorMittal S.A. has a twelve month low of $20.52 and a twelve month high of $34.90. The stock's 50 day moving average is $29.14 and its 200 day moving average is $26.90. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.35 and a quick ratio of 0.59.

ArcelorMittal (NYSE:MT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.33. The firm 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%. ArcelorMittal's quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.16 EPS. As a group, research analysts forecast that ArcelorMittal S.A. will post 3.72 earnings per share for the current fiscal year.

ArcelorMittal Cuts Dividend

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