Charles Schwab Investment Management Inc. Acquires 13,141 Shares of ArcelorMittal S.A. (NYSE:MT)

Charles Schwab Investment Management Inc. grew its stake in shares of ArcelorMittal S.A. (NYSE:MT - Free Report) by 24.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,562 shares of the basic materials company's stock after purchasing an additional 13,141 shares during the period. Charles Schwab Investment Management Inc.'s holdings in ArcelorMittal were worth $1,563,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MT. Geneos Wealth Management Inc. grew its position in ArcelorMittal by 89.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,134 shares of the basic materials company's stock worth $26,000 after purchasing an additional 536 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of ArcelorMittal by 68.5% in the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the basic materials company's stock worth $34,000 after buying an additional 595 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of ArcelorMittal by 76.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 5,963 shares of the basic materials company's stock valued at $137,000 after buying an additional 2,586 shares in the last quarter. Park Avenue Securities LLC acquired a new position in ArcelorMittal during the fourth quarter valued at $212,000. Finally, Janney Montgomery Scott LLC acquired a new stake in ArcelorMittal during the 4th quarter worth about $233,000. Institutional investors and hedge funds own 9.29% of the company's stock.

ArcelorMittal Stock Up 0.3 %

NYSE:MT traded up $0.08 during mid-day trading on Wednesday, reaching $29.07. The stock had a trading volume of 1,003,624 shares, compared to its average volume of 1,812,677. The stock has a market cap of $23.82 billion, a P/E ratio of 17.62, a PEG ratio of 0.14 and a beta of 1.79. The business's 50 day moving average is $28.93 and its 200 day moving average is $25.91. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.35 and a quick ratio of 0.59. ArcelorMittal S.A. has a fifty-two week low of $20.52 and a fifty-two week high of $34.90.

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ArcelorMittal (NYSE:MT - Get Free Report) last announced its quarterly 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%. As a group, sell-side analysts predict that ArcelorMittal S.A. will post 3.72 earnings per share for the current year.

ArcelorMittal Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group downgraded ArcelorMittal from a "buy" rating to a "hold" rating and set a $36.20 target price on the stock. in a report on Wednesday, March 26th. Morgan Stanley lowered shares of ArcelorMittal from an "overweight" rating to an "equal weight" rating in a research note on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company 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.