Schwab Charles Investment Management Inc. increased its stake in shares of POSCO (NYSE:PKX) by 8.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 229,697 shares of the basic materials company’s stock after purchasing an additional 18,850 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in POSCO were worth $17,947,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barry Investment Advisors LLC bought a new position in POSCO in the third quarter valued at approximately $216,000. Wealthsource Partners LLC bought a new position in POSCO in the third quarter valued at approximately $224,000. Eagle Asset Management Inc. bought a new position in POSCO in the third quarter valued at approximately $265,000. BNP Paribas Arbitrage SA boosted its stake in POSCO by 44.1% in the third quarter. BNP Paribas Arbitrage SA now owns 5,867 shares of the basic materials company’s stock valued at $407,000 after acquiring an additional 1,796 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in POSCO by 91.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,814 shares of the basic materials company’s stock valued at $426,000 after acquiring an additional 3,261 shares during the last quarter. 5.39% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on PKX shares. Deutsche Bank raised shares of POSCO from a “hold” rating to a “buy” rating in a research note on Monday, December 4th. Goldman Sachs Group raised shares of POSCO from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 2nd. ValuEngine raised shares of POSCO from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research raised shares of POSCO from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a research note on Monday, January 15th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. POSCO presently has an average rating of “Buy” and a consensus price target of $98.00.
POSCO (PKX) opened at $82.98 on Friday. The firm has a market cap of $29,290.00, a price-to-earnings ratio of 12.06, a PEG ratio of 1.74 and a beta of 1.26. POSCO has a 52-week low of $56.48 and a 52-week high of $93.12. The company has a current ratio of 1.64, a quick ratio of 1.12 and a debt-to-equity ratio of 0.21.
POSCO (NYSE:PKX) last announced its quarterly earnings results on Tuesday, November 28th. The basic materials company reported $2.42 earnings per share for the quarter. The company had revenue of $13.53 billion for the quarter. POSCO had a net margin of 4.59% and a return on equity of 5.84%. research analysts anticipate that POSCO will post 8.15 EPS for the current year.
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POSCO is a Korea-based company principally engaged in the manufacture and distribution of steel products. The Company operates in four segments: steel, trading, construction, and others. The steel segment includes production of steel products and sale of such products. The trading segment consists of global trading activities of POSCO Daewoo Corporation, exporting and importing a range of steel products that are both obtained from and supplied to it, as well as between other suppliers and purchasers in Korea and overseas.
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