Marshall Wace LLP Has $2.09 Million Stake in Tim S.A. (NYSE:TIMB)

Marshall Wace LLP raised its position in shares of Tim S.A. (NYSE:TIMB - Free Report) by 278.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 178,023 shares of the company's stock after purchasing an additional 131,023 shares during the period. Marshall Wace LLP's holdings in TIM were worth $2,094,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Global Retirement Partners LLC increased its stake in TIM by 1,005.0% during the 4th quarter. Global Retirement Partners LLC now owns 2,431 shares of the company's stock valued at $29,000 after buying an additional 2,211 shares during the period. R Squared Ltd bought a new position in shares of TIM in the fourth quarter valued at approximately $53,000. EntryPoint Capital LLC acquired a new position in shares of TIM during the fourth quarter valued at approximately $146,000. Aprio Wealth Management LLC bought a new stake in TIM during the fourth quarter worth approximately $194,000. Finally, Jane Street Group LLC acquired a new stake in TIM in the third quarter worth approximately $215,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TIMB shares. Barclays lifted their price target on TIM from $16.00 to $16.50 and gave the company an "equal weight" rating in a research report on Monday, March 17th. Scotiabank lowered their target price on TIM from $23.20 to $17.60 and set a "sector outperform" rating on the stock in a report on Wednesday, February 12th. Finally, The Goldman Sachs Group upped their price target on shares of TIM from $15.30 to $16.90 and gave the company a "neutral" rating in a report on Wednesday.

TIM Trading Up 0.4 %

Shares of NYSE TIMB traded up $0.07 during mid-day trading on Friday, hitting $16.60. 43,995 shares of the company traded hands, compared to its average volume of 514,869. The business has a 50 day moving average of $15.13 and a two-hundred day moving average of $14.04. The stock has a market capitalization of $8.03 billion, a price-to-earnings ratio of 14.08, a PEG ratio of 0.67 and a beta of 0.53. Tim S.A. has a 1 year low of $11.32 and a 1 year high of $18.39. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.52.

TIM (NYSE:TIMB - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). TIM had a net margin of 12.24% and a return on equity of 11.91%. On average, sell-side analysts anticipate 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 dividend of $0.2288 per share. This represents a yield of 5.73%. This is a boost from TIM's previous dividend of $0.08. The ex-dividend date is Thursday, April 10th. TIM's payout ratio is presently 65.25%.

About TIM

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.