Jump Financial LLC Makes New Investment in Corteva, Inc. (NYSE:CTVA)

Jump Financial LLC acquired a new stake in Corteva, Inc. (NYSE:CTVA - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 14,415 shares of the company's stock, valued at approximately $821,000.

A number of other large investors have also bought and sold shares of the stock. Independent Franchise Partners LLP lifted its stake in shares of Corteva by 51.5% in the fourth quarter. Independent Franchise Partners LLP now owns 16,496,508 shares of the company's stock valued at $939,641,000 after buying an additional 5,604,838 shares in the last quarter. Norges Bank bought a new stake in Corteva during the 4th quarter worth approximately $251,892,000. Raymond James Financial Inc. purchased a new stake in shares of Corteva in the fourth quarter worth approximately $161,052,000. Franklin Resources Inc. lifted its holdings in shares of Corteva by 9.2% in the fourth quarter. Franklin Resources Inc. now owns 16,143,025 shares of the company's stock valued at $919,507,000 after purchasing an additional 1,354,418 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. AG grew its holdings in Corteva by 69.0% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 2,870,859 shares of the company's stock worth $163,181,000 after buying an additional 1,172,110 shares in the last quarter. 81.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on CTVA shares. Barclays increased their target price on shares of Corteva from $62.00 to $64.00 and gave the company an "equal weight" rating in a report on Tuesday, January 21st. BNP Paribas raised shares of Corteva to a "hold" rating in a research report on Monday, February 10th. Wells Fargo & Company upped their target price on Corteva from $67.00 to $73.00 and gave the company an "overweight" rating in a report on Tuesday, January 28th. Royal Bank of Canada boosted their price objective on Corteva from $72.00 to $73.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Finally, KeyCorp lifted their target price on Corteva from $70.00 to $71.00 and gave the stock an "overweight" rating in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $68.13.

Insider Transactions at Corteva

In related news, insider Brian Titus sold 26,560 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $63.74, for a total value of $1,692,934.40. Following the transaction, the insider now owns 11,347 shares of the company's stock, valued at $723,257.78. This represents a 70.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.14% of the company's stock.

Corteva Price Performance

NYSE:CTVA traded down $0.21 during trading hours on Friday, hitting $61.50. The stock had a trading volume of 1,803,138 shares, compared to its average volume of 3,321,572. The company has a 50 day simple moving average of $60.71 and a two-hundred day simple moving average of $60.38. The firm has a market capitalization of $42.01 billion, a price-to-earnings ratio of 47.67, a P/E/G ratio of 1.68 and a beta of 0.73. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.45 and a quick ratio of 0.93. Corteva, Inc. has a one year low of $50.01 and a one year high of $66.24.

Corteva (NYSE:CTVA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02). Corteva had a net margin of 5.36% and a return on equity of 7.19%. Research analysts forecast that Corteva, Inc. will post 2.96 earnings per share for the current fiscal year.

Corteva Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.17 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.68 dividend on an annualized basis and a yield of 1.11%. Corteva's dividend payout ratio is presently 52.71%.

About Corteva

Corteva, Inc operates in the agriculture business. It operates through two segments, Seed and Crop Protection. The Seed segment develops and supplies advanced germplasm and traits that produce optimum yield for farms. It offers trait technologies that enhance resistance to weather, disease, insects, and herbicides used to control weeds, as well as food and nutritional characteristics.