Signaturefd LLC Buys 1,556 Shares of Tim S.A. (NYSE:TIMB)

Signaturefd LLC boosted its position in Tim S.A. (NYSE:TIMB) by 39.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,472 shares of the company’s stock after buying an additional 1,556 shares during the period. Signaturefd LLC’s holdings in TIM were worth $101,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Group One Trading L.P. grew its stake in TIM by 125.6% in the third quarter. Group One Trading L.P. now owns 2,933 shares of the company’s stock valued at $44,000 after acquiring an additional 1,633 shares during the period. Blue Trust Inc. increased its stake in TIM by 102.7% during the 4th quarter. Blue Trust Inc. now owns 3,972 shares of the company’s stock valued at $73,000 after purchasing an additional 2,012 shares in the last quarter. Quantbot Technologies LP acquired a new position in TIM during the third quarter worth $169,000. Campbell & CO Investment Adviser LLC bought a new position in shares of TIM in the third quarter valued at $171,000. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in shares of TIM by 16.8% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 12,960 shares of the company’s stock valued at $193,000 after buying an additional 1,861 shares during the last quarter.

TIM Price Performance

NYSE TIMB opened at $17.21 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.79 and a quick ratio of 0.76. The business has a fifty day simple moving average of $17.93 and a 200 day simple moving average of $17.61. Tim S.A. has a 12 month low of $13.17 and a 12 month high of $19.14.

TIM (NYSE:TIMB) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.37 earnings per share for the quarter. TIM had a net margin of 11.96% and a return on equity of 10.71%. The company had revenue of $1.27 billion during the quarter. As a group, equities research analysts expect that Tim S.A. will post 1.37 earnings per share for the current fiscal year.

TIM Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 1st will be issued a dividend of $0.064 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.26 dividend on an annualized basis and a yield of 1.49%. TIM’s dividend payout ratio (DPR) is 62.71%.

Analyst Ratings Changes

Separately, Barclays upped their target price on shares of TIM from $19.50 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 14th.

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.