Tencent Music Entertainment Group’s (TME) Neutral Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their neutral rating on shares of Tencent Music Entertainment Group (NYSE:TME) in a research note issued to investors on Wednesday morning, MarketBeat.com reports. They currently have a $12.00 target price on the stock.

A number of other brokerages also recently weighed in on TME. Benchmark reissued a “hold” rating on shares of Tencent Music Entertainment Group in a research note on Wednesday. Morgan Stanley lowered their price target on Tencent Music Entertainment Group from $27.50 to $25.00 and set an “overweight” rating on the stock in a report on Monday, December 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Tencent Music Entertainment Group in a research report on Monday, December 29th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $23.00 price objective on shares of Tencent Music Entertainment Group in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.03.

Tencent Music Entertainment Group Price Performance

Shares of NYSE:TME opened at $10.11 on Wednesday. Tencent Music Entertainment Group has a fifty-two week low of $9.86 and a fifty-two week high of $26.70. The business has a 50-day moving average of $15.23 and a two-hundred day moving average of $19.01. The stock has a market capitalization of $17.35 billion, a P/E ratio of 10.21, a P/E/G ratio of 0.65 and a beta of 0.56. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.22 and a quick ratio of 2.08.

Tencent Music Entertainment Group Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Thursday, April 2nd will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This is a positive change from Tencent Music Entertainment Group’s previous annual dividend of $0.18. This represents a yield of 238.0%. Tencent Music Entertainment Group’s dividend payout ratio (DPR) is presently 17.17%.

Hedge Funds Weigh In On Tencent Music Entertainment Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Schroder Investment Management Group boosted its stake in Tencent Music Entertainment Group by 30.0% in the 4th quarter. Schroder Investment Management Group now owns 80,480,078 shares of the company’s stock valued at $1,410,816,000 after buying an additional 18,554,567 shares in the last quarter. Overlook Investments LP acquired a new stake in shares of Tencent Music Entertainment Group in the 4th quarter valued at $278,022,000. Norges Bank bought a new stake in shares of Tencent Music Entertainment Group in the 2nd quarter worth about $110,813,000. Green Court Capital Management Ltd grew its holdings in shares of Tencent Music Entertainment Group by 467.2% in the 4th quarter. Green Court Capital Management Ltd now owns 5,893,162 shares of the company’s stock worth $108,729,000 after purchasing an additional 4,854,084 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Tencent Music Entertainment Group by 195.9% during the 4th quarter. Invesco Ltd. now owns 6,991,937 shares of the company’s stock worth $122,569,000 after purchasing an additional 4,629,058 shares in the last quarter. Institutional investors own 24.32% of the company’s stock.

Tencent Music Entertainment Group News Summary

Here are the key news stories impacting Tencent Music Entertainment Group this week:

• Positive Sentiment: Company raised its annual dividend 33.3% to $0.24 per share (ex-div April 2), a materially higher yield that can attract income-focused buyers and support the share price.
• Positive Sentiment: Q4 earnings highlights showed strong revenue growth, strategic partnerships (including a new Warner deal) and product traction (notably growth in AI production users) — fundamentals that underpin upside potential. Tencent Music Entertainment Group Q4 Earnings Call Highlights
• Positive Sentiment: High-profile content and engagement catalyst: pre-orders launched for Jay Chou’s new album on TME platforms, a likely near-term traffic and monetization boost in Greater China. Jay Chou album pre-orders on TME
• Positive Sentiment: Unusually high call-option activity and reported purchases of call volume suggest some traders are positioning for a rally, adding short-term upside momentum. Traders Purchase High Volume of Tencent Music Call Options
• Neutral Sentiment: Barclays lowered its price target from $28 to $20 but kept an Overweight stance — a mixed signal: lower upside math but still positive relative conviction. Barclays lowers PT to $20
• Neutral Sentiment: Several brokerages (Morgan Stanley reaffirmed equal weight; Daiwa and Benchmark issued Hold/neutral ratings) — the consensus from multiple firms is cautious, implying limited near-term analyst-driven upside. Finviz: Morgan Stanley equal weight
• Neutral Sentiment: Market write-ups and analyst-roundup pieces note mixed views across peers (Globe and Mail coverage), keeping sentiment fragmented. Analysts Conflicted on Netflix and TME
• Negative Sentiment: Mizuho published a pessimistic forecast for TME’s stock price, which can pressure sentiment and trigger selling among institutional investors. Mizuho pessimist forecast
• Negative Sentiment: UBS-related headlines include a downgrade/negative coverage in some outlets, contributing to downside pressure from the sell-side narrative and reducing conviction among momentum traders. UBS downgrades TME (MSN)

About Tencent Music Entertainment Group

Tencent Music Entertainment Group (NYSE: TME) is a China-based digital music and audio entertainment platform that operates a portfolio of leading music streaming and social entertainment services. Its core consumer-facing products include streaming apps, online karaoke (KTV) services and live music and entertainment broadcasts. The company monetizes its content through a mix of subscriptions, digital music sales, in-app purchases, virtual gifting, advertising and licensing arrangements with rights holders.

The company traces its roots to the consolidation of Tencent’s music assets and was established in the mid-2010s to unify several prominent music properties under a single operating entity.