XTX Topco Ltd Takes Position in Corteva, Inc. (NYSE:CTVA)

XTX Topco Ltd bought a new position in Corteva, Inc. (NYSE:CTVA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,096 shares of the company's stock, valued at approximately $404,000.

A number of other institutional investors have also recently bought and sold shares of the business. Flagship Wealth Advisors LLC bought a new position in shares of Corteva during the 4th quarter worth about $25,000. Noble Wealth Management PBC acquired a new stake in Corteva during the fourth quarter valued at approximately $26,000. Hager Investment Management Services LLC bought a new stake in shares of Corteva in the 4th quarter valued at approximately $27,000. Golden State Wealth Management LLC acquired a new position in shares of Corteva in the 4th quarter worth approximately $32,000. Finally, Centricity Wealth Management LLC acquired a new stake in Corteva in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 81.54% of the company's stock.

Analyst Upgrades and Downgrades

CTVA has been the subject of a number of analyst reports. Bank of America lifted their price objective on Corteva from $69.00 to $73.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. BNP Paribas upgraded shares of Corteva to a "hold" rating in a research report on Monday, February 10th. UBS Group decreased their price objective on shares of Corteva from $74.00 to $73.00 and set a "buy" rating on the stock in a research note on Friday, January 10th. Argus raised Corteva from a "hold" rating to a "buy" rating and set a $69.00 target price on the stock in a report on Monday, March 31st. Finally, Citigroup raised their price target on Corteva from $69.00 to $74.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $68.13.

Insider Activity

In related news, insider Brian Titus sold 26,560 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 11,347 shares in the company, valued at approximately $723,257.78. The trade was a 70.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is owned by company insiders.

Corteva Trading Up 2.6 %

CTVA opened at $60.65 on Wednesday. Corteva, Inc. has a fifty-two week low of $50.01 and a fifty-two week high of $66.24. The company has a market cap of $41.43 billion, a price-to-earnings ratio of 47.02, a price-to-earnings-growth 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. The firm has a 50 day simple moving average of $60.87 and a 200 day simple moving average of $60.32.

Corteva (NYSE:CTVA - Get Free Report) last posted its quarterly 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%. On average, sell-side analysts anticipate that Corteva, Inc. will post 2.96 earnings per share for the current year.

Corteva Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.17 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.12%. Corteva's dividend payout ratio is 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.

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