Tim S.A. (NYSE:TIMB) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp increased its holdings in shares of Tim S.A. (NYSE:TIMB) by 1.0% during the third quarter, Holdings Channel.com reports. The fund owned 85,050 shares of the company’s stock after buying an additional 822 shares during the period. Stifel Financial Corp’s holdings in TIM were worth $1,465,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Meritage Portfolio Management purchased a new position in TIM in the 3rd quarter valued at $3,683,000. Daiwa Securities Group Inc. raised its position in shares of TIM by 69.2% in the second quarter. Daiwa Securities Group Inc. now owns 22,000 shares of the company’s stock valued at $315,000 after buying an additional 9,000 shares during the last quarter. Millennium Management LLC lifted its stake in shares of TIM by 16.0% in the second quarter. Millennium Management LLC now owns 923,532 shares of the company’s stock worth $13,225,000 after buying an additional 127,465 shares in the last quarter. AQR Capital Management LLC boosted its position in TIM by 12.3% during the second quarter. AQR Capital Management LLC now owns 88,534 shares of the company’s stock worth $1,268,000 after acquiring an additional 9,699 shares during the last quarter. Finally, Ritholtz Wealth Management raised its holdings in TIM by 67.8% in the 3rd quarter. Ritholtz Wealth Management now owns 62,727 shares of the company’s stock valued at $1,080,000 after acquiring an additional 25,337 shares during the last quarter.

Analyst Upgrades and Downgrades

TIMB has been the subject of a number of recent analyst reports. Scotiabank cut their price target on shares of TIM from $24.80 to $23.20 and set a “sector outperform” rating for the company in a report on Tuesday, November 5th. The Goldman Sachs Group dropped their price objective on shares of TIM from $16.20 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday. UBS Group downgraded shares of TIM from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. Finally, Barclays cut their target price on shares of TIM from $18.00 to $17.50 and set an “equal weight” rating on the stock in a report on Tuesday, November 12th.

TIM Stock Up 1.6 %

Shares of NYSE TIMB opened at $12.23 on Friday. The firm’s 50 day moving average price is $13.92 and its 200 day moving average price is $15.05. Tim S.A. has a 1 year low of $11.76 and a 1 year high of $19.14. The firm has a market cap of $5.92 billion, a P/E ratio of 9.71, a price-to-earnings-growth ratio of 0.57 and a beta of 0.84. 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) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.09). TIM had a net margin of 12.71% and a return on equity of 11.73%. The company had revenue of $1.16 billion during the quarter. As a group, sell-side analysts anticipate that Tim S.A. will post 1.2 earnings per share for the current year.

TIM Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Monday, December 30th will be paid a dividend of $0.1723 per share. This is a positive change from TIM’s previous quarterly dividend of $0.09. The ex-dividend date is Monday, December 30th. This represents a $0.69 annualized dividend and a yield of 5.63%. TIM’s payout ratio is presently 53.97%.

TIM 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.