American Century Companies Inc. Purchases 12,929 Shares of ArcelorMittal S.A. (NYSE:MT)

American Century Companies Inc. boosted its holdings in shares of ArcelorMittal S.A. (NYSE:MT - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 280,838 shares of the basic materials company's stock after purchasing an additional 12,929 shares during the period. American Century Companies Inc.'s holdings in ArcelorMittal were worth $6,496,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MT. Geneos Wealth Management Inc. boosted its holdings in shares of ArcelorMittal by 89.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,134 shares of the basic materials company's stock worth $26,000 after buying an additional 536 shares during the period. GAMMA Investing LLC boosted its stake in ArcelorMittal by 68.5% in the 4th quarter. GAMMA Investing LLC now owns 1,464 shares of the basic materials company's stock worth $34,000 after purchasing an additional 595 shares during the period. Smartleaf Asset Management LLC grew its position in ArcelorMittal by 76.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 5,963 shares of the basic materials company's stock worth $137,000 after purchasing an additional 2,586 shares in the last quarter. Callan Family Office LLC acquired a new stake in ArcelorMittal during the 4th quarter valued at $207,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of ArcelorMittal by 23.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,076 shares of the basic materials company's stock valued at $210,000 after purchasing an additional 1,702 shares in the last quarter. 9.29% of the stock is owned by institutional investors and hedge funds.

ArcelorMittal Stock Up 15.2 %

Shares of ArcelorMittal stock traded up $3.58 during trading on Wednesday, hitting $27.05. 4,928,613 shares of the stock traded hands, compared to its average volume of 1,857,476. The company has a fifty day moving average price of $29.01 and a two-hundred day moving average price of $25.97. ArcelorMittal S.A. has a twelve month low of $20.52 and a twelve month high of $34.90. The stock has a market cap of $22.16 billion, a P/E ratio of 16.39, a PEG ratio of 0.14 and a beta of 1.60. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.59 and a current ratio of 1.35.

ArcelorMittal (NYSE:MT - Get Free Report) last posted its earnings results on Thursday, February 6th. The basic materials company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.09). ArcelorMittal had a return on equity of 4.31% and a net margin of 2.14%. Equities research analysts predict that ArcelorMittal S.A. will post 3.72 EPS for the current fiscal year.

ArcelorMittal Announces Dividend

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Thursday, November 13th will be issued a dividend of $0.275 per share. The ex-dividend date is Wednesday, November 12th. This represents a yield of 1.5%. ArcelorMittal's dividend payout ratio (DPR) is currently 27.88%.

Analysts Set New Price Targets

Several research firms recently weighed in on MT. Morgan Stanley lowered ArcelorMittal from an "overweight" rating to an "equal weight" rating in a research report on Friday, February 14th. Jefferies Financial Group downgraded shares of ArcelorMittal from a "buy" rating to a "hold" rating and set a $36.20 price objective on the stock. in a research report on Wednesday, March 26th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $32.43.

ArcelorMittal Profile

ArcelorMittal SA, together with its subsidiaries, operates as integrated steel and mining companies in the United States, Europe, and internationally. It offers semi-finished flat products, including slabs; finished flat products comprising plates, hot- and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, tinplate, and color coated coils and sheets; semi-finished long products, such as blooms and billets; finished long products consisting of bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes.