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Assetmark Inc. increases its stake in Tim S.A. (NYSE:TIMB)

Assetmark Inc. increases its stake in Tim S.A. (NYSE:TIMB)

Assetmark Inc. disclosed in its most recent Form 13F filing with the Securities and Exchange Commission (SEC) that it increased its holdings in Tim S.A. (NYSE: TIMB) by 105.9% during the third quarter. Following the acquisition of an additional 91,597 shares of the company’s stock during the period in question, the corporation’s total holdings of the company’s stock reached 178,061. The value of Assetmark Inc.’s TIM holdings was $1,991,000 at the end of the most recent reporting period, which closed in December of this year.

Recent transactions involving the holdings of the company’s stock by several additional institutional investors include these transactions. During the first three months of the year, Mirae Asset Global Investments Co. Ltd. increased the amount of TIM stock owned by 4.7%, bringing its total ownership percentage to 100%. As a result of the purchase of an additional 702 shares of the company’s stock over the preceding three months, Mirae Asset Global Investments Co. Ltd. now owns 15,603 shares of the company’s stock, the value of which is $226,000; these shares were purchased over the previous three months. In the third quarter, US Bancorp DE increased the amount of TIM stock owned by 64.8%, bringing its total ownership percentage to 100%. Following the acquisition of an additional 1,046 shares during the preceding quarter, US Bancorp DE now has a total ownership stake that is equivalent to 2,659 shares and is valued at $30,000. Over the first three months of this year, UBS Group AG increased its holdings in TIM by 3.7%. Following the acquisition of an additional 1,202 shares during the most recent fiscal quarter, UBS Group AG now holds 33,648 shares of the company’s stock. The value of these shares brings the company’s overall holdings to a total of $489,000. During the second quarter, River Road Asset Management LLC increased the number of TIM shares that comprised the company’s total ownership proportion by 7.1%. River Road Asset Management LLC now has 19,007 shares of the company’s stock after purchasing an additional 1,253 shares during the most recent quarter. The value of River Road Asset Management LLC’s full holdings in the company’s stock is now $231,000. And finally, during the period covered by the report for the second quarter, Qtron Investments LLC increased the percentage of TIM shares it held by 1.9%, making this the final point. Qtron Investments LLC now has a total of 92,770 shares, which are worth a combined total of $112.00 after purchasing an additional 1,695 shares during the most recent quarter. Shares of the company are currently held by hedge funds and other institutional investors, which account for 3.64% of the total.

The NYSE ticker symbol “TIMB” started the trading day on Tuesday for $11.30. Over the previous twelve months, the price of Tim S.A. ranged from its all-time low of $10.66 to its all-time high of $15.61. The stock has traded at an average price of $11.92 per share over the past 50 trading days, while its price has averaged $11.95 per share over the past 200 trading days. The debt-to-equity ratio, the current ratio, and the quick ratio can all be equal to 0.61, 0.90, and 0.88, respectively. The price-to-earnings ratio for the company is 13.95, and the market capitalization for the company is $5.47 billion at the moment. The PEG ratio comes in at 1.02, while the beta value settles at 0.75.

On November 8 of this year, TIM (NYSE: TIMB) issued its most recent earnings report to the public. The company reported a quarterly profit of $0.19 per share, which was $0.09 more than the average analyst projection of $0.10 per share for the company’s performance in the quarter. TIM’s return on equity was 7.64%, and its net margin for its earnings was 10.45%. The revenue for the company came in at $1.07 billion for the quarter, which is significantly higher than the average prediction of $1.06 billion, which financial analysts made. During the current fiscal year, sell-side analysts anticipate that Tim S.A. will generate earnings of 0.6 cents per share.

In addition, the corporation has not too long ago announced a dividend, which will be paid out on January 31. On Friday, December 23, the company will pay a dividend to shareholders of a record $0.1794. The company will distribute this dividend. The previous payout from TIM was $0.08 less than this one, so the difference between the two is $0.08. The decision regarding whether or not a dividend will be distributed will be made on December 22, a Thursday. The outcome of this is that there is a yield of 3.7%. The current dividend payout ratio for TIM stands at 43.21 percent at present.

Separately, on Tuesday, December 27, Barclays decreased their price objective on TIM shares from $16.50 to $16.00. Additionally, they changed their rating on the stock from “overweight” to “neutral.” These steps were taken with the company’s stock in mind at some point during the process.

TIM SA is a Brazilian company that offers its customers a wide range of telecommunications services and products. These products and services include mobile voice and data services, broadband internet access, value-added services, and other telecommunications-related goods and services. The individual services and the corporate solutions provided are both available to all three sizes of businesses and can be utilized to their full potential.

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