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May 30, 2023

POSCO Holdings Inc. (NYSE:PKX) Shares Bought by Truist Financial Corp

Truist Financial Corp grew its stake in POSCO Holdings Inc. (NYSE:PKX - Free Report) by 20.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities &

Truist Financial Corp grew its stake in POSCO Holdings Inc. (NYSE:PKX - Free Report) by 20.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,371 shares of the basic materials company's stock after purchasing an additional 2,825 shares during the quarter. Truist Financial Corp's holdings in POSCO were worth $1,141,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of PKX. Captrust Financial Advisors grew its holdings in shares of POSCO by 56.5% in the first quarter. Captrust Financial Advisors now owns 557 shares of the basic materials company's stock valued at $33,000 after purchasing an additional 201 shares in the last quarter. CWM LLC grew its holdings in POSCO by 29.9% during the 1st quarter. CWM LLC now owns 1,065 shares of the basic materials company's stock worth $74,000 after acquiring an additional 245 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of POSCO by 37.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,634 shares of the basic materials company's stock worth $89,000 after buying an additional 442 shares during the last quarter. OLD Mission Capital LLC purchased a new stake in shares of POSCO during the 4th quarter worth approximately $158,000. Finally, BNP Paribas Arbitrage SA lifted its position in shares of POSCO by 46.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,731 shares of the basic materials company's stock worth $166,000 after buying an additional 1,190 shares during the last quarter. Institutional investors and hedge funds own 3.61% of the company's stock.

PKX stock opened at $102.56 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.54 and a current ratio of 2.20. The stock has a market capitalization of $31.02 billion, a price-to-earnings ratio of 11.05, a PEG ratio of 0.65 and a beta of 1.28. POSCO Holdings Inc. has a 1 year low of $36.53 and a 1 year high of $133.09. The stock's fifty day moving average is $93.79 and its two-hundred day moving average is $76.70.

Several analysts recently commented on the stock. UBS Group downgraded shares of POSCO from a "buy" rating to a "neutral" rating in a research report on Wednesday, July 26th. Citigroup cut shares of POSCO from a "buy" rating to a "neutral" rating in a research note on Monday, July 24th. StockNews.com began coverage on shares of POSCO in a research note on Thursday. They set a "hold" rating on the stock. Finally, Morgan Stanley cut shares of POSCO from an "equal weight" rating to an "underweight" rating in a research note on Monday, July 31st. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company's stock. According to MarketBeat, POSCO presently has an average rating of "Hold".

View Our Latest Stock Analysis on POSCO

POSCO Holdings Inc, together with its subsidiaries, manufactures and sells iron and steel rolled products in South Korea and internationally. It operates in two segments Steel and Others. The company offers hot and cold rolled steel, steel plates, wire rods, galvanized steel, electrical steel, stainless steel, and titanium.

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