Investment Centers of America Inc. grew its holdings in United States Steel Corporation (NYSE:X) by 36.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,215 shares of the basic materials company’s stock after acquiring an additional 6,410 shares during the period. Investment Centers of America Inc.’s holdings in United States Steel Corporation were worth $536,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Amalgamated Bank raised its position in shares of United States Steel Corporation by 39.0% during the 2nd quarter. Amalgamated Bank now owns 34,290 shares of the basic materials company’s stock valued at $759,000 after purchasing an additional 9,616 shares during the period. BlackRock Inc. raised its position in shares of United States Steel Corporation by 0.4% during the 2nd quarter. BlackRock Inc. now owns 14,343,698 shares of the basic materials company’s stock valued at $317,570,000 after purchasing an additional 63,943 shares during the period. Nationwide Fund Advisors raised its position in shares of United States Steel Corporation by 3.4% during the 2nd quarter. Nationwide Fund Advisors now owns 306,062 shares of the basic materials company’s stock valued at $6,776,000 after purchasing an additional 10,031 shares during the period. Ameriprise Financial Inc. raised its position in shares of United States Steel Corporation by 173.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,463,410 shares of the basic materials company’s stock valued at $32,399,000 after purchasing an additional 928,898 shares during the period. Finally, Seven Eight Capital LP bought a new stake in shares of United States Steel Corporation during the 2nd quarter valued at $1,254,000. Institutional investors and hedge funds own 63.36% of the company’s stock.

United States Steel Corporation (NYSE X) opened at 25.09 on Monday. The firm has a 50 day moving average of $24.89 and a 200-day moving average of $26.01. The stock has a market capitalization of $4.39 billion, a PE ratio of 158.80 and a beta of 2.88. United States Steel Corporation has a 52 week low of $15.72 and a 52 week high of $41.83.

United States Steel Corporation (NYSE:X) last issued its earnings results on Tuesday, July 25th. The basic materials company reported $1.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.66. The business had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $2.98 billion. United States Steel Corporation had a net margin of 0.24% and a return on equity of 6.50%. The company’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.32) earnings per share. On average, equities analysts predict that United States Steel Corporation will post $1.74 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Wednesday, August 9th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend was Monday, August 7th. United States Steel Corporation’s dividend payout ratio (DPR) is 125.00%.

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In other United States Steel Corporation news, CFO Kevin Bradley bought 22,835 shares of United States Steel Corporation stock in a transaction dated Wednesday, September 6th. The stock was acquired at an average cost of $27.62 per share, for a total transaction of $630,702.70. Following the completion of the transaction, the chief financial officer now directly owns 30,415 shares of the company’s stock, valued at $840,062.30. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Murry Gerber bought 4,000 shares of United States Steel Corporation stock in a transaction dated Friday, September 1st. The stock was acquired at an average price of $26.89 per share, with a total value of $107,560.00. Following the completion of the transaction, the director now directly owns 168,457 shares of the company’s stock, valued at $4,529,808.73. The disclosure for this purchase can be found here. Insiders bought 63,597 shares of company stock valued at $1,739,292 over the last quarter. Company insiders own 1.00% of the company’s stock.

X has been the topic of several recent analyst reports. Jefferies Group LLC restated a “buy” rating and set a $32.00 price objective on shares of United States Steel Corporation in a research report on Thursday, August 31st. BidaskClub upgraded shares of United States Steel Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Bank of America Corporation upgraded shares of United States Steel Corporation from a “neutral” rating to a “buy” rating and raised their price objective for the company from $29.00 to $31.00 in a research report on Tuesday, September 5th. Standpoint Research upgraded shares of United States Steel Corporation from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Wednesday, June 7th. They noted that the move was a valuation call. Finally, Cowen and Company restated a “hold” rating and set a $24.00 price objective on shares of United States Steel Corporation in a research report on Friday, September 1st. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $28.52.

United States Steel Corporation Profile

United States Steel Corporation is an integrated steel producer. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The Company operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular).

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Institutional Ownership by Quarter for United States Steel Corporation (NYSE:X)

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