Stifel Financial Corp Buys 228,572 Shares of Corteva, Inc. (NYSE:CTVA)

Stifel Financial Corp lifted its holdings in Corteva, Inc. (NYSE:CTVA - Free Report) by 62.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 595,900 shares of the company's stock after buying an additional 228,572 shares during the quarter. Stifel Financial Corp owned about 0.09% of Corteva worth $33,943,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CTVA. State of Tennessee Department of Treasury boosted its position in Corteva by 80.7% in the 4th quarter. State of Tennessee Department of Treasury now owns 252,433 shares of the company's stock valued at $14,379,000 after buying an additional 112,773 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Corteva by 34.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 45,225 shares of the company's stock valued at $2,576,000 after acquiring an additional 11,565 shares during the last quarter. MetLife Investment Management LLC increased its position in Corteva by 1.1% in the fourth quarter. MetLife Investment Management LLC now owns 182,124 shares of the company's stock worth $10,374,000 after purchasing an additional 1,998 shares during the period. Norinchukin Bank The raised its holdings in Corteva by 15.2% during the 4th quarter. Norinchukin Bank The now owns 35,558 shares of the company's stock worth $2,025,000 after purchasing an additional 4,696 shares during the last quarter. Finally, Ossiam lifted its position in Corteva by 4,274.4% during the 4th quarter. Ossiam now owns 209,052 shares of the company's stock valued at $11,908,000 after purchasing an additional 204,273 shares during the period. Institutional investors and hedge funds own 81.54% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CTVA. Oppenheimer boosted their price target on shares of Corteva from $70.00 to $72.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Argus upgraded shares of Corteva from a "hold" rating to a "buy" rating and set a $69.00 target price for the company in a research report on Monday, March 31st. The Goldman Sachs Group initiated coverage on Corteva in a research report on Thursday, March 13th. They issued a "buy" rating and a $71.00 price target on the stock. Citigroup upped their price objective on Corteva from $69.00 to $74.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Finally, Wells Fargo & Company raised their target price on Corteva from $67.00 to $73.00 and gave the stock an "overweight" rating in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Corteva has a consensus rating of "Moderate Buy" and a consensus target price of $68.13.

Corteva Stock Down 0.3 %

Shares of NYSE:CTVA traded down $0.21 during mid-day trading on Friday, reaching $61.50. 1,803,138 shares of the stock were exchanged, compared to its average volume of 3,325,474. The stock's 50 day simple moving average is $60.71 and its 200-day simple moving average is $60.41. Corteva, Inc. has a one year low of $50.01 and a one year high of $66.24. The company has a market cap of $42.01 billion, a P/E ratio of 47.67, a P/E/G ratio of 1.68 and a beta of 0.73. The company has a quick ratio of 0.93, a current ratio of 1.45 and a debt-to-equity ratio of 0.08.

Corteva (NYSE:CTVA - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.02). Corteva had a net margin of 5.36% and a return on equity of 7.19%. As a group, equities research analysts predict that Corteva, Inc. will post 2.96 EPS for the current year.

Corteva Dividend Announcement

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

Insider Buying and Selling at Corteva

In other news, insider Brian Titus sold 26,560 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $63.74, for a total transaction of $1,692,934.40. Following the transaction, the insider now directly owns 11,347 shares in the company, valued at $723,257.78. The trade was a 70.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.14% of the company's stock.

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.