PT Telekomunikasi Indonesia, Tbk $TLK Stake Raised by Jump Financial LLC

Key Points

• Jump Financial LLC increased its stake in PT Telekomunikasi Indonesia, Tbk by 157.0%, acquiring an additional 86,337 shares, bringing its total to 141,335 shares valued at approximately $2.088 million.
• The company announced an increased annual dividend of $1.3038 per share, significantly up from the previous $1.11, which results in a remarkable dividend yield of 580.0%.
• Shares of PT Telekomunikasi Indonesia, Tbk traded at $19.53, showing a 52-week range between $13.15 and $21.00, while its current consensus rating is a "Hold".

Jump Financial LLC boosted its holdings in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Free Report) by 157.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,335 shares of the utilities provider's stock after purchasing an additional 86,337 shares during the quarter. Jump Financial LLC's holdings in PT Telekomunikasi Indonesia, Tbk were worth $2,088,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in TLK. Raymond James Financial Inc. bought a new stake in PT Telekomunikasi Indonesia, Tbk in the fourth quarter valued at $707,000. Dimensional Fund Advisors LP lifted its stake in PT Telekomunikasi Indonesia, Tbk by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 639,435 shares of the utilities provider's stock valued at $10,518,000 after buying an additional 16,915 shares during the last quarter. Jane Street Group LLC lifted its stake in PT Telekomunikasi Indonesia, Tbk by 351.3% in the fourth quarter. Jane Street Group LLC now owns 77,163 shares of the utilities provider's stock valued at $1,269,000 after buying an additional 60,064 shares during the last quarter. Citadel Advisors LLC bought a new stake in PT Telekomunikasi Indonesia, Tbk in the fourth quarter valued at $16,533,000. Finally, Two Sigma Advisers LP lifted its stake in PT Telekomunikasi Indonesia, Tbk by 189.3% in the fourth quarter. Two Sigma Advisers LP now owns 37,900 shares of the utilities provider's stock valued at $623,000 after buying an additional 24,800 shares during the last quarter.

PT Telekomunikasi Indonesia, Tbk Stock Performance

Shares of NYSE TLK traded down $0.18 during midday trading on Friday, reaching $19.38. 475,696 shares of the company traded hands, compared to its average volume of 879,035. PT Telekomunikasi Indonesia, Tbk has a 52 week low of $13.15 and a 52 week high of $21.00. The stock has a 50-day moving average price of $17.86 and a 200 day moving average price of $16.41. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.71 and a quick ratio of 0.70. The company has a market cap of $19.19 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 4.27 and a beta of 0.63.

PT Telekomunikasi Indonesia, Tbk Increases Dividend

The firm also recently declared an annual dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 12th were given a $1.3038 dividend. This represents a yield of 580.0%. This is a boost from PT Telekomunikasi Indonesia, Tbk's previous annual dividend of $1.11. The ex-dividend date was Thursday, June 12th. PT Telekomunikasi Indonesia, Tbk's dividend payout ratio (DPR) is presently 73.43%.

Wall Street Analyst Weigh In

Separately, New Street Research cut PT Telekomunikasi Indonesia, Tbk from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 17th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, PT Telekomunikasi Indonesia, Tbk has a consensus rating of "Hold".

PT Telekomunikasi Indonesia, Tbk Profile

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides information and communications technology, and telecommunications network services worldwide. The company operates through mobile, consumer, enterprise, Wholesale and International Business, and Other segments. The Mobile segment offers mobile voice, SMS, value added services, and mobile broadband services.