Schroder Investment Management Group Grows Position in MAG Silver Corp. (NYSEAMERICAN:MAG)

Schroder Investment Management Group grew its holdings in MAG Silver Corp. (NYSEAMERICAN:MAG - Free Report) by 38.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 323,100 shares of the company's stock after buying an additional 89,700 shares during the quarter. Schroder Investment Management Group owned approximately 0.31% of MAG Silver worth $4,297,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc grew its position in shares of MAG Silver by 0.7% during the 4th quarter. CIBC Asset Management Inc now owns 114,355 shares of the company's stock worth $1,550,000 after buying an additional 755 shares during the period. Swiss National Bank increased its position in shares of MAG Silver by 0.6% during the 4th quarter. Swiss National Bank now owns 193,900 shares of the company's stock worth $2,633,000 after purchasing an additional 1,200 shares during the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of MAG Silver by 20.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 17,792 shares of the company's stock worth $242,000 after acquiring an additional 3,029 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of MAG Silver during the 3rd quarter worth approximately $52,000. Finally, DF Dent & Co. Inc. acquired a new position in shares of MAG Silver during the 3rd quarter worth approximately $140,000. 52.50% of the stock is currently owned by institutional investors and hedge funds.

MAG Silver Stock Up 3.7 %

MAG Silver stock traded up $0.51 during mid-day trading on Thursday, reaching $14.44. 260,997 shares of the company's stock were exchanged, compared to its average volume of 665,205. The business's fifty day simple moving average is $15.56 and its 200 day simple moving average is $15.18. The firm has a market capitalization of $1.49 billion, a PE ratio of 20.34 and a beta of 1.09. MAG Silver Corp. has a one year low of $11.29 and a one year high of $18.27.

MAG Silver Announces Dividend

The company also recently declared a -- dividend, which will be paid on Monday, April 21st. Shareholders of record on Friday, April 4th will be paid a dividend of $0.18 per share. This represents a yield of 1.5%. The ex-dividend date of this dividend is Friday, April 4th. MAG Silver's dividend payout ratio (DPR) is currently 101.41%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MAG. HC Wainwright upped their target price on MAG Silver from $21.00 to $22.00 and gave the company a "buy" rating in a research report on Tuesday, March 25th. Raymond James reiterated an "outperform" rating on shares of MAG Silver in a research report on Tuesday, March 25th. StockNews.com raised MAG Silver from a "sell" rating to a "hold" rating in a research note on Monday, March 31st. Roth Capital set a $16.00 price target on MAG Silver in a research note on Tuesday, March 25th. Finally, Roth Mkm decreased their price target on MAG Silver from $16.50 to $16.00 and set a "neutral" rating for the company in a research note on Tuesday, March 25th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.00.

MAG Silver Profile

MAG Silver Corp. develops and explores for precious metal properties in Canada. It explores for silver, gold, lead, copper, and zinc deposits. The company's flagship property is the 44% owned Juanicipio property located in the Fresnillo District, Zacatecas State, Mexico. MAG Silver Corp. is headquartered in Vancouver, Canada.