Today, KBC Group NV Buys 12,563 Shares of Chimera Investment Corp. (CIM)

Today, KBC Group NV Buys 12,563 Shares of Chimera Investment Corp. (CIM)
KBC Group NV raised its position in Chimera Investment Corp. (NYSE:CIM) by 1.6% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 800,612 shares of the company’s stock after buying an additional 12,563 shares during the period. KBC Group NV owned approximately 0.43% of Chimera Investment Corp. worth $12,770,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Chicago Equity Partners LLC boosted its stake in shares of Chimera Investment Corp. by 1.6% in the second quarter. Chicago Equity Partners LLC now owns 331,090 shares of the company’s stock worth $5,198,000 after buying an additional 5,265 shares during the period. ClariVest Asset Management LLC boosted its stake in shares of Chimera Investment Corp. by 7.6% in the second quarter. ClariVest Asset Management LLC now owns 270,355 shares of the company’s stock worth $4,245,000 after buying an additional 19,200 shares during the period. Advisory Services Network LLC boosted its stake in shares of Chimera Investment Corp. by 23,127.0% in the second quarter. Advisory Services Network LLC now owns 23,227 shares of the company’s stock worth $365,000 after buying an additional 23,127 shares during the period. Artemis Investment Management LLP acquired a new stake in shares of Chimera Investment Corp. during the second quarter worth $48,716,000. Finally, Bank of Montreal Can acquired a new stake in shares of Chimera Investment Corp. during the second quarter worth $7,007,000. Institutional investors and hedge funds own 53.02% of the company’s stock.

Shares of Chimera Investment Corp. (NYSE:CIM) traded up 0.91% on Friday, reaching $16.66. 613,211 shares of the company were exchanged. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 7.04 and a beta of 0.86. The firm’s 50 day moving average price is $15.78 and its 200 day moving average price is $15.88. Chimera Investment Corp. has a 52 week low of $10.89 and a 52 week high of $16.98.

Chimera Investment Corp. (NYSE:CIM) last posted its earnings results on Tuesday, November 1st. The company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.11. Chimera Investment Corp. had a net margin of 50.90% and a return on equity of 14.60%. During the same quarter in the prior year, the business posted $0.50 EPS. Equities research analysts anticipate that Chimera Investment Corp. will post $2.39 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 27th. Shareholders of record on Friday, December 30th will be given a dividend of $0.50 per share. This is an increase from Chimera Investment Corp.’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Wednesday, December 28th. This represents a $2.00 dividend on an annualized basis and a yield of 12.00%. Chimera Investment Corp.’s dividend payout ratio (DPR) is 81.36%.

CIM has been the topic of several analyst reports. Credit Suisse Group AG reiterated a “hold” rating and issued a $15.50 target price on shares of Chimera Investment Corp. in a research note on Friday, September 9th. Zacks Investment Research upgraded shares of Chimera Investment Corp. from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Thursday, November 3rd. Deutsche Bank AG upped their target price on shares of Chimera Investment Corp. from $14.50 to $17.50 and gave the stock a “hold” rating in a research note on Tuesday, August 9th. Barclays PLC reiterated a “hold” rating on shares of Chimera Investment Corp. in a research note on Monday, November 7th. Finally, Nomura reiterated a “buy” rating and issued a $18.00 target price (up previously from $17.00) on shares of Chimera Investment Corp. in a research note on Wednesday, August 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $16.58.

In other Chimera Investment Corp. news, COO Choudhary Yarlagadda bought 2,305 shares of the business’s stock in a transaction on Friday, September 9th. The shares were acquired at an average price of $16.10 per share, with a total value of $37,110.50. Following the transaction, the chief operating officer now owns 104,391 shares of the company’s stock, valued at approximately $1,680,695.10. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.62% of the company’s stock.

Chimera Investment Corp. Company Profile

Related posts

Leave a Comment