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

Several other institutional investors also recently bought and sold shares of the stock. Oppenheimer & Co. Inc. bought a new position in shares of Vale in the 1st quarter worth approximately $228,000. Golden State Wealth Management LLC raised its position in shares of Vale by 193.0% in the 1st quarter. Golden State Wealth Management LLC now owns 4,119 shares of the basic materials company's stock worth $41,000 after acquiring an additional 2,713 shares in the last quarter. Cornerstone Wealth Management LLC raised its position in shares of Vale by 20.4% in the 1st quarter. Cornerstone Wealth Management LLC now owns 15,954 shares of the basic materials company's stock worth $159,000 after acquiring an additional 2,707 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Vale by 38.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 22,522 shares of the basic materials company's stock worth $225,000 after acquiring an additional 6,261 shares in the last quarter. Finally, Merit Financial Group LLC raised its position in shares of Vale by 44.4% in the 1st quarter. Merit Financial Group LLC now owns 20,847 shares of the basic materials company's stock worth $208,000 after acquiring an additional 6,412 shares in the last quarter. 21.85% of the stock is currently owned by hedge funds and other institutional investors.

Vale Stock Up 0.3%

Shares of Vale stock traded up $0.04 on Friday, reaching $10.29. The company's stock had a trading volume of 7,052,780 shares, compared to its average volume of 36,682,730. The company has a market capitalization of $46.68 billion, a price-to-earnings ratio of 8.36 and a beta of 0.74. The firm's fifty day simple moving average is $9.90 and its two-hundred day simple moving average is $9.67. Vale S.A. has a 52 week low of $8.06 and a 52 week high of $12.05. 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 (NYSE:VALE - Get Free Report) last posted its earnings results on Thursday, July 31st. The basic materials company reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.16. The business had revenue of $8.80 billion during the quarter, compared to analyst estimates of $9.54 billion. Vale had a return on equity of 18.14% and a net margin of 14.23%. Equities analysts anticipate that Vale S.A. will post 1.85 earnings per share for the current year.

Vale Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 13th will be issued a $0.3417 dividend. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a dividend yield of 740.0%. Vale's dividend payout ratio (DPR) is presently 58.54%.

Analyst Ratings Changes

Several brokerages have recently issued reports on VALE. Scotiabank decreased their target price on Vale from $13.00 to $12.50 and set a "sector perform" rating for the company in a research report on Tuesday, July 22nd. CICC Research began coverage on Vale in a research report on Monday, May 12th. They issued an "outperform" rating and a $11.30 target price for the company. UBS Group reissued a "neutral" rating and issued a $10.00 target price (up previously from $9.00) on shares of Vale in a research report on Monday, August 4th. Wall Street Zen started coverage on Vale in a research report on Wednesday, May 7th. They set a "hold" rating for the company. Finally, Barclays raised their price objective on Vale from $12.75 to $13.00 and gave the company an "overweight" rating in a research report on Wednesday, July 2nd. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $11.84.

About Vale

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.