Jump Financial LLC Buys 86,337 Shares of PT Telekomunikasi Indonesia, Tbk $TLK

Jump Financial LLC raised its stake in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 157.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 141,335 shares of the utilities provider’s stock after acquiring an additional 86,337 shares during the period. Jump Financial LLC’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $2,088,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in PT Telekomunikasi Indonesia, Tbk by 541.8% in the first quarter. Farther Finance Advisors LLC now owns 3,151 shares of the utilities provider’s stock worth $47,000 after buying an additional 2,660 shares during the last quarter. Assetmark Inc. increased its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 1,368.7% in the 1st quarter. Assetmark Inc. now owns 3,701 shares of the utilities provider’s stock worth $55,000 after purchasing an additional 3,449 shares in the last quarter. SBI Securities Co. Ltd. raised its stake in shares of PT Telekomunikasi Indonesia, Tbk by 37.7% in the first quarter. SBI Securities Co. Ltd. now owns 4,417 shares of the utilities provider’s stock worth $65,000 after purchasing an additional 1,210 shares during the last quarter. TD Private Client Wealth LLC boosted its position in shares of PT Telekomunikasi Indonesia, Tbk by 17.8% during the first quarter. TD Private Client Wealth LLC now owns 5,782 shares of the utilities provider’s stock valued at $85,000 after buying an additional 872 shares during the last quarter. Finally, Brooklyn Investment Group increased its holdings in PT Telekomunikasi Indonesia, Tbk by 1,896.4% in the 1st quarter. Brooklyn Investment Group now owns 6,688 shares of the utilities provider’s stock worth $99,000 after buying an additional 6,353 shares in the last quarter.

PT Telekomunikasi Indonesia, Tbk Stock Performance

Shares of TLK opened at $19.53 on Thursday. PT Telekomunikasi Indonesia, Tbk has a 52 week low of $13.15 and a 52 week high of $21.00. The company has a quick ratio of 0.70, a current ratio of 0.71 and a debt-to-equity ratio of 0.17. The stock has a market cap of $19.34 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 4.37 and a beta of 0.63. The business has a 50-day simple moving average of $17.74 and a two-hundred day simple moving average of $16.33.

PT Telekomunikasi Indonesia, Tbk Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 12th were paid a $1.3038 dividend. This represents a dividend yield of 580.0%. This is a boost from PT Telekomunikasi Indonesia, Tbk’s previous annual dividend of $1.11. The ex-dividend date of this dividend was Thursday, June 12th. PT Telekomunikasi Indonesia, Tbk’s dividend payout ratio is currently 73.43%.

Analyst Ratings Changes

Separately, New Street Research cut shares of PT Telekomunikasi Indonesia, Tbk from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 17th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

About PT Telekomunikasi Indonesia, Tbk

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides information and communications technology, and telecommunications network services worldwide. The company operates through mobile, consumer, enterprise, Wholesale and International Business, and Other segments. The Mobile segment offers mobile voice, SMS, value added services, and mobile broadband services.