XTX Topco Ltd Invests $262,000 in Tim S.A. (NYSE:TIMB)

XTX Topco Ltd purchased a new stake in Tim S.A. (NYSE:TIMB - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 22,288 shares of the company's stock, valued at approximately $262,000.

Other hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC increased its position in TIM by 1,005.0% in the fourth quarter. Global Retirement Partners LLC now owns 2,431 shares of the company's stock worth $29,000 after purchasing an additional 2,211 shares during the last quarter. R Squared Ltd bought a new stake in shares of TIM in the 4th quarter worth about $53,000. EntryPoint Capital LLC purchased a new stake in shares of TIM during the 4th quarter valued at about $146,000. Aprio Wealth Management LLC purchased a new stake in shares of TIM during the 4th quarter valued at about $194,000. Finally, Jane Street Group LLC bought a new position in shares of TIM in the 3rd quarter valued at about $215,000.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TIMB. Barclays upped their price objective 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 decreased their price target 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 raised their price target on TIM from $15.30 to $16.90 and gave the stock a "neutral" rating in a research report on Wednesday.

TIM Trading Down 1.4 %

NYSE TIMB traded down $0.24 during trading on Thursday, hitting $16.44. The stock had a trading volume of 21,874 shares, compared to its average volume of 514,833. Tim S.A. has a one year low of $11.32 and a one year high of $18.39. The stock has a 50 day simple moving average of $15.09 and a 200 day simple moving average of $14.03. The stock has a market capitalization of $7.96 billion, a price-to-earnings ratio of 13.94, a P/E/G ratio of 0.67 and a beta of 0.53. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.97.

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%. Sell-side analysts predict that Tim S.A. will post 1.34 earnings per share for the current year.

TIM Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, October 30th. Stockholders of record on Friday, April 11th will be paid a dividend of $0.2288 per share. This is a positive change from TIM's previous dividend of $0.08. This represents a dividend yield of 5.73%. The ex-dividend date of this dividend is Thursday, April 10th. TIM's payout ratio is currently 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.