483,838 Shares in Tim S.A. (NYSE:TIMB) Acquired by Schroder Investment Management Group

Schroder Investment Management Group purchased a new position in shares of Tim S.A. (NYSE:TIMB - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 483,838 shares of the company's stock, valued at approximately $5,666,000. Schroder Investment Management Group owned 0.10% of TIM as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in TIMB. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in TIM during the third quarter worth $25,000. Global Retirement Partners LLC raised its stake in shares of TIM by 1,005.0% during the 4th quarter. Global Retirement Partners LLC now owns 2,431 shares of the company's stock worth $29,000 after buying an additional 2,211 shares during the last quarter. R Squared Ltd acquired a new position in shares of TIM during the 4th quarter worth $53,000. EntryPoint Capital LLC purchased a new stake in shares of TIM in the 4th quarter worth about $146,000. Finally, Aprio Wealth Management LLC acquired a new stake in TIM in the 4th quarter valued at about $194,000.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group cut their target price on shares of TIM from $16.20 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, December 19th. Barclays lifted their price objective on TIM from $16.00 to $16.50 and gave the stock an "equal weight" rating in a research report on Monday, March 17th. Finally, Scotiabank reduced their target price on TIM from $23.20 to $17.60 and set a "sector outperform" rating on the stock in a research note on Wednesday, February 12th.

TIM Trading Up 5.2 %

NYSE:TIMB traded up $0.75 on Wednesday, reaching $15.28. The stock had a trading volume of 744,541 shares, compared to its average volume of 516,665. The company has a market cap of $7.40 billion, a price-to-earnings ratio of 12.95, a P/E/G ratio of 0.67 and a beta of 0.53. Tim S.A. has a 12-month low of $11.32 and a 12-month high of $18.39. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.97 and a quick ratio of 0.93. The firm's fifty day moving average is $14.74 and its two-hundred day moving average is $14.11.

TIM (NYSE:TIMB - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). TIM had a return on equity of 11.91% and a net margin of 12.24%. Equities analysts expect that Tim S.A. will post 1.34 EPS for the current fiscal year.

TIM Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, October 30th. Stockholders of record on Friday, April 11th will be given a $0.2288 dividend. The ex-dividend date is Thursday, April 10th. This represents a dividend yield of 5.73%. This is an increase from TIM's previous dividend of $0.08. TIM's payout ratio is currently 65.25%.

About TIM

TIM SA, a telecommunications company, provides mobile voice, data, and broadband services in Brazil. The company offers in mobile, landline, long-distance, and data transmission services. It also offers fixed ultra-broadband, fixed ultraband broadband, and digital content services. The company serves individuals and corporates, as well as small, medium, and large companies.