Jump Financial LLC Buys 682,503 Shares of Vale S.A. $VALE

Key Points

• Jump Financial LLC increased its position in Vale S.A. by 120.9% during the first quarter, now owning 1,247,211 shares valued at $12.4 million.
• Vale S.A. reported earnings per share of $0.50 for the last quarter, exceeding estimates of $0.34, but its revenue of $8.80 billion fell short of the projected $9.54 billion.
• The firm declared a semi-annual dividend of $0.3417 per share, with a yield of 740.0%, indicating a 58.54% dividend payout ratio.

Jump Financial LLC boosted its position in Vale S.A. (NYSE:VALE - Free Report) by 120.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,247,211 shares of the basic materials company's stock after purchasing an additional 682,503 shares during the period. Jump Financial LLC's holdings in Vale were worth $12,447,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp acquired a new stake in Vale in the first quarter worth approximately $41,000. Golden State Wealth Management LLC raised its stake in Vale by 193.0% during the 1st quarter. Golden State Wealth Management LLC now owns 4,119 shares of the basic materials company's stock valued at $41,000 after purchasing an additional 2,713 shares during the period. Capital Analysts LLC acquired a new stake in Vale during the 1st quarter valued at $51,000. Allworth Financial LP raised its stake in Vale by 233.7% during the 1st quarter. Allworth Financial LP now owns 5,440 shares of the basic materials company's stock valued at $53,000 after purchasing an additional 3,810 shares during the period. Finally, Wayfinding Financial LLC acquired a new stake in Vale during the 1st quarter valued at $64,000. 21.85% of the stock is currently owned by institutional investors and hedge funds.

Vale Stock Performance

VALE stock traded down $0.01 during mid-day trading on Thursday, reaching $10.25. 26,178,459 shares of the stock traded hands, compared to its average volume of 36,868,270. The company has a quick ratio of 0.85, a current ratio of 1.22 and a debt-to-equity ratio of 0.48. Vale S.A. has a 52 week low of $8.06 and a 52 week high of $12.05. The business has a 50-day moving average of $9.88 and a two-hundred day moving average of $9.66. The firm has a market capitalization of $46.50 billion, a PE ratio of 8.33 and a beta of 0.74.

Vale (NYSE:VALE - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.16. Vale had a net margin of 14.23% and a return on equity of 18.14%. The company had revenue of $8.80 billion during the quarter, compared to analysts' expectations of $9.54 billion. As a group, equities analysts predict that Vale S.A. will post 1.85 EPS for the current fiscal year.

Vale Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 13th will be issued a dividend of $0.3417 per share. This represents a yield of 740.0%. The ex-dividend date is Wednesday, August 13th. Vale's dividend payout ratio is 58.54%.

Analyst Ratings Changes

Several analysts have issued reports on VALE shares. Scotiabank cut their target price on shares of Vale from $13.00 to $12.50 and set a "sector perform" rating on the stock in a research note on Tuesday, July 22nd. CICC Research assumed coverage on shares of Vale in a research note on Monday, May 12th. They issued an "outperform" rating and a $11.30 price target on the stock. Wall Street Zen assumed coverage on shares of Vale in a research note on Wednesday, May 7th. They issued a "hold" rating on the stock. Barclays upped their price target on shares of Vale from $12.75 to $13.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 2nd. Finally, UBS Group reaffirmed a "neutral" rating and issued a $10.00 price target (up from $9.00) on shares of Vale in a research note on Monday, August 4th. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Vale has an average rating of "Moderate Buy" and an average target price of $11.84.

Vale Company Profile

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.