JPMorgan Chase & Co. Increases Position in Tim S.A. (NYSE:TIMB)

JPMorgan Chase & Co. lifted its stake in Tim S.A. (NYSE:TIMB - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 829,841 shares of the company's stock after buying an additional 18,970 shares during the period. JPMorgan Chase & Co. owned about 0.17% of TIM worth $9,759,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TIMB. State Street Corp raised its position in shares of TIM by 16.7% during the third quarter. State Street Corp now owns 583,724 shares of the company's stock worth $10,207,000 after purchasing an additional 83,468 shares during the period. Stifel Financial Corp increased its stake in shares of TIM by 1.0% in the 3rd quarter. Stifel Financial Corp now owns 85,050 shares of the company's stock valued at $1,465,000 after purchasing an additional 822 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of TIM by 13.8% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 132,198 shares of the company's stock worth $1,555,000 after buying an additional 16,000 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of TIM in the third quarter worth $215,000. Finally, Public Employees Retirement System of Ohio bought a new position in TIM during the 3rd quarter worth approximately $1,089,000.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TIMB. Barclays upped their target price on TIM from $16.00 to $16.50 and gave the stock an "equal weight" rating in a research report on Monday, March 17th. Scotiabank lowered their target price on shares of TIM from $23.20 to $17.60 and set a "sector outperform" rating on the stock in a report on Wednesday, February 12th.

TIM Stock Performance

Shares of TIMB stock traded up $0.46 during trading hours on Friday, reaching $15.36. 244,541 shares of the company traded hands, compared to its average volume of 518,415. Tim S.A. has a 12-month low of $11.32 and a 12-month high of $18.39. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.97 and a quick ratio of 0.93. The company has a market cap of $7.43 billion, a P/E ratio of 13.01, a P/E/G ratio of 0.67 and a beta of 0.53. The firm has a 50-day moving average price of $14.92 and a 200 day moving average price of $14.00.

TIM (NYSE:TIMB - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). TIM had a return on equity of 11.91% and a net margin of 12.24%. As a group, sell-side analysts predict that Tim S.A. will post 1.34 earnings per share for the current fiscal year.

TIM Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, October 30th. Shareholders of record on Friday, April 11th will be given a $0.2288 dividend. The ex-dividend date is Thursday, April 10th. This represents a dividend yield of 5.73%. This is an increase from TIM's previous dividend of $0.08. TIM's dividend payout ratio is 65.25%.

TIM Company Profile

TIM SA, a telecommunications company, provides mobile voice, data, and broadband services in Brazil. The company offers in mobile, landline, long-distance, and data transmission services. It also offers fixed ultra-broadband, fixed ultraband broadband, and digital content services. The company serves individuals and corporates, as well as small, medium, and large companies.