Citizens Financial Group Inc. RI Has $588,000 Position in Corteva, Inc. (NYSE:CTVA)

Citizens Financial Group Inc. RI boosted its stake in shares of Corteva, Inc. (NYSE:CTVA) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,265 shares of the company’s stock after acquiring an additional 550 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Corteva were worth $588,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Jackson Hole Capital Partners LLC increased its stake in shares of Corteva by 36.9% in the fourth quarter. Jackson Hole Capital Partners LLC now owns 9,165 shares of the company’s stock valued at $439,000 after buying an additional 2,470 shares in the last quarter. Mizuho Securities Co. Ltd. acquired a new stake in shares of Corteva in the fourth quarter valued at $105,000. Schnieders Capital Management LLC increased its stake in shares of Corteva by 9.0% in the fourth quarter. Schnieders Capital Management LLC now owns 8,670 shares of the company’s stock valued at $415,000 after buying an additional 719 shares in the last quarter. Wolverine Asset Management LLC increased its stake in shares of Corteva by 180.0% in the fourth quarter. Wolverine Asset Management LLC now owns 35,000 shares of the company’s stock valued at $1,677,000 after buying an additional 22,500 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new stake in shares of Corteva in the fourth quarter valued at $173,000. 81.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CTVA shares. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $57.00 price target (down previously from $58.00) on shares of Corteva in a report on Friday, April 12th. Oppenheimer raised their price target on Corteva from $62.00 to $67.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. Wolfe Research started coverage on Corteva in a report on Friday, March 1st. They issued an “outperform” rating and a $67.00 price target on the stock. BNP Paribas upgraded Corteva from an “underperform” rating to a “neutral” rating and set a $53.00 price target on the stock in a report on Friday, February 2nd. Finally, Mizuho decreased their price target on Corteva from $59.00 to $56.00 and set a “buy” rating on the stock in a report on Thursday, February 1st. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $63.29.

Corteva Trading Up 0.4 %

NYSE CTVA opened at $54.92 on Friday. The firm has a market cap of $38.38 billion, a P/E ratio of 53.84, a P/E/G ratio of 1.44 and a beta of 0.77. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.56 and a quick ratio of 0.90. The stock’s 50-day moving average is $55.28 and its 200-day moving average is $50.46. Corteva, Inc. has a one year low of $43.22 and a one year high of $61.87.

Corteva (NYSE:CTVA) last announced its earnings results on Thursday, February 1st. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.09. Corteva had a return on equity of 7.43% and a net margin of 4.27%. The business had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same quarter last year, the firm earned $0.16 EPS. Sell-side analysts anticipate that Corteva, Inc. will post 2.84 earnings per share for the current fiscal year.

Corteva Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Tuesday, June 4th. Corteva’s dividend payout ratio is presently 62.75%.

Corteva Company Profile

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.