ArcelorMittal S.A. (NYSE:MT) Shares Bought by Sei Investments Co.

Sei Investments Co. lifted its stake in shares of ArcelorMittal S.A.

(NYSE:MT – Free Report) by 31.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 171,615 shares of the basic materials company’s stock after purchasing an additional 41,435 shares during the quarter.



Sei Investments Co.’s holdings in ArcelorMittal were worth $3,969,000 at the end of the most recent quarter. A number of other large investors have also made changes to their positions in the stock.

GAMMA Investing LLC raised its holdings in ArcelorMittal by 68.5% during the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 595 shares during the last quarter.

Bank of New York Mellon Corp boosted its position in shares of ArcelorMittal by 221.3% in the 4th quarter. Bank of New York Mellon Corp now owns 3,403,048 shares of the basic materials company’s stock worth $78,712,000 after buying an additional 2,344,020 shares in the last quarter.

Charles Schwab Investment Management Inc. boosted its position in shares of ArcelorMittal by 24.1% in the 4th quarter.

Charles Schwab Investment Management Inc. now owns 67,562 shares of the basic materials company’s stock worth $1,563,000 after buying an additional 13,141 shares in the last quarter. Callan Family Office LLC acquired a new stake in ArcelorMittal in the 4th quarter valued at about $207,000.

Finally, Vestmark Advisory Solutions Inc. purchased a new position in ArcelorMittal during the 4th quarter valued at about $256,000. Hedge funds and other institutional investors own 9.

29% of the company’s stock. ArcelorMittal Stock Up 0.3 %MT stock opened at $29.

07 on Thursday. The company has a 50 day moving average price of $28.93 and a two-hundred day moving average price of $25.

91. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.

59 and a current ratio of 1.35. The stock has a market capitalization of $23.

82 billion, a P/E ratio of 17.62, a PEG ratio of 0.14 and a beta of 1.

79. ArcelorMittal S.A.

has a one year low of $20.52 and a one year high of $34.90.

ArcelorMittal (NYSE:MT – Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The basic materials company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.

61 by ($0.09). ArcelorMittal had a net margin of 2.

14% and a return on equity of 4.31%. As a group, sell-side analysts expect that ArcelorMittal S.

A. will post 3.72 EPS for the current year.

ArcelorMittal Announces DividendThe business also recently declared a semi-annual dividend, which will be paid on Wednesday, December 3rd. Investors of record on Thursday, November 13th will be given a dividend of $0.275 per share.

This represents a yield of 1.5%. The ex-dividend date is Wednesday, November 12th.

ArcelorMittal’s dividend payout ratio (DPR) is 27.88%. Wall Street Analysts Forecast GrowthSeveral brokerages have issued reports on MT.

Jefferies Financial Group downgraded shares of ArcelorMittal from a “buy” rating to a “hold” rating and set a $36.20 price target on the stock. in a report on Wednesday, March 26th.

Morgan Stanley downgraded ArcelorMittal from an “overweight” rating to an “equal weight” rating in a research report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $32.

43.Read Our Latest Research Report on ArcelorMittalAbout ArcelorMittal (Free Report)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.

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