Jump Financial LLC Invests $850,000 in Sylvamo Co. (NYSE:SLVM)

Jump Financial LLC bought a new position in shares of Sylvamo Co. (NYSE:SLVM - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 10,757 shares of the company's stock, valued at approximately $850,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Barclays PLC lifted its holdings in Sylvamo by 324.6% during the third quarter. Barclays PLC now owns 62,435 shares of the company's stock worth $5,360,000 after acquiring an additional 47,730 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Sylvamo during the third quarter worth about $82,000. Tidal Investments LLC lifted its holdings in shares of Sylvamo by 150.9% during the 3rd quarter. Tidal Investments LLC now owns 22,469 shares of the company's stock valued at $1,929,000 after purchasing an additional 13,512 shares in the last quarter. Synovus Financial Corp acquired a new stake in Sylvamo during the 3rd quarter worth approximately $207,000. Finally, Franklin Resources Inc. lifted its stake in Sylvamo by 9.8% in the third quarter. Franklin Resources Inc. now owns 47,955 shares of the company's stock valued at $4,040,000 after buying an additional 4,261 shares in the last quarter. 91.16% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Sylvamo news, CEO Jeanmichel Ribieras sold 21,250 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $65.14, for a total transaction of $1,384,225.00. Following the transaction, the chief executive officer now owns 131,894 shares of the company's stock, valued at $8,591,575.16. The trade was a 13.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.74% of the company's stock.

Sylvamo Stock Down 1.4 %

Shares of NYSE:SLVM traded down $0.86 during mid-day trading on Friday, reaching $59.55. 226,478 shares of the stock were exchanged, compared to its average volume of 327,387. The stock's 50 day simple moving average is $64.51 and its 200-day simple moving average is $76.82. Sylvamo Co. has a one year low of $54.94 and a one year high of $98.02. The company has a market cap of $2.42 billion, a P/E ratio of 8.26, a P/E/G ratio of 2.23 and a beta of 1.17. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.92.

Sylvamo (NYSE:SLVM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.84 by $0.10. Sylvamo had a net margin of 7.96% and a return on equity of 34.72%. As a group, equities research analysts predict that Sylvamo Co. will post 7.45 EPS for the current year.

Sylvamo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be issued a dividend of $0.45 per share. The ex-dividend date is Tuesday, April 8th. This represents a $1.80 dividend on an annualized basis and a yield of 3.02%. Sylvamo's payout ratio is 24.97%.

Analysts Set New Price Targets

Separately, Royal Bank of Canada lowered their price objective on shares of Sylvamo from $83.00 to $80.00 and set a "sector perform" rating for the company in a research report on Thursday, February 13th.

Sylvamo Company Profile

Sylvamo Corporation produces and markets uncoated freesheet for cutsize, offset paper, and pulp in Latin America, Europe, and North America. The company operates through Europe, Latin America, and North America segments. The Europe segment offers copy, tinted, and colored laser printing paper under REY Adagio and Pro-Design brands; and graphic and high-speed inkjet printing papers under the brand Jetstar; as well as produces uncoated freesheet papers.