Jump Financial LLC Increases Stake in FMC Corporation $FMC

Key Points

• Jump Financial LLC significantly increased its stake in FMC Corporation by 456.2%, now holding approximately 0.32% of the company worth $16.6 million.
• FMC's stock showed a 3.4% increase and currently has a market cap of $5.08 billion with a P/E ratio of 50.83.
• The company announced a quarterly dividend of $0.58 per share, translating to an annualized yield of 5.7% and a payout ratio of 290.00%.

Jump Financial LLC lifted its stake in shares of FMC Corporation (NYSE:FMC - Free Report) by 456.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 394,573 shares of the basic materials company's stock after purchasing an additional 323,636 shares during the quarter. Jump Financial LLC owned about 0.32% of FMC worth $16,647,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in FMC. Charles Schwab Investment Management Inc. grew its stake in shares of FMC by 286.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,494,377 shares of the basic materials company's stock worth $189,618,000 after purchasing an additional 3,329,974 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of FMC by 44.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,286,177 shares of the basic materials company's stock worth $111,131,000 after purchasing an additional 707,727 shares during the period. Russell Investments Group Ltd. grew its stake in shares of FMC by 74.2% during the 1st quarter. Russell Investments Group Ltd. now owns 1,585,564 shares of the basic materials company's stock worth $66,895,000 after purchasing an additional 675,207 shares during the period. Principal Financial Group Inc. grew its stake in shares of FMC by 327.3% during the 1st quarter. Principal Financial Group Inc. now owns 627,540 shares of the basic materials company's stock worth $26,476,000 after purchasing an additional 480,691 shares during the period. Finally, Balyasny Asset Management L.P. grew its stake in shares of FMC by 762.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 484,040 shares of the basic materials company's stock worth $23,529,000 after purchasing an additional 427,915 shares during the period. 91.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FMC has been the topic of a number of recent analyst reports. Morgan Stanley lowered their price target on shares of FMC from $46.00 to $42.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. Wall Street Zen upgraded shares of FMC from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th. Wells Fargo & Company upgraded shares of FMC from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $41.00 to $50.00 in a research report on Monday, June 23rd. KeyCorp boosted their price objective on shares of FMC from $53.00 to $61.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Finally, UBS Group decreased their price objective on shares of FMC from $45.00 to $44.00 and set a "neutral" rating on the stock in a research report on Thursday, July 31st. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $49.58.

Insider Buying and Selling at FMC

In other news, VP Jacqueline Scanlan sold 1,510 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $37.49, for a total transaction of $56,609.90. Following the transaction, the vice president directly owned 36,834 shares in the company, valued at $1,380,906.66. This represents a 3.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.67% of the stock is currently owned by insiders.

FMC Trading Down 1.3%

NYSE:FMC traded down $0.52 on Monday, reaching $40.17. The stock had a trading volume of 1,192,039 shares, compared to its average volume of 2,022,003. The company has a market cap of $5.02 billion, a price-to-earnings ratio of 50.21, a P/E/G ratio of 1.26 and a beta of 0.75. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.53 and a quick ratio of 1.14. The firm's fifty day moving average is $40.86 and its two-hundred day moving average is $39.84. FMC Corporation has a 12-month low of $32.83 and a 12-month high of $67.75.

FMC (NYSE:FMC - Get Free Report) last released its earnings results on Wednesday, July 30th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.59 by $0.10. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $995.15 million. FMC had a net margin of 2.42% and a return on equity of 9.36%. The firm's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.63 EPS. FMC has set its Q3 2025 guidance at 0.780-0.980 EPS. FY 2025 guidance at 3.260-3.700 EPS. Equities analysts expect that FMC Corporation will post 3.48 EPS for the current fiscal year.

FMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 5.8%. The ex-dividend date is Tuesday, September 30th. FMC's dividend payout ratio is presently 290.00%.

FMC Profile

FMC Corporation, an agricultural sciences company, provides crop protection, plant health, and professional pest and turf management products. It develops, markets, and sells crop protection chemicals that includes insecticides, herbicides, and fungicides; and biologicals, crop nutrition, and seed treatment products, which are used in agriculture to enhance crop yield and quality by controlling a range of insects, weeds, and diseases, as well as in non-agricultural markets for pest control.