Nokia Corporation (NOK) Shares Bought by Stifel Financial Corp
Stifel Financial Corp raised its stake in shares of Nokia Corporation (NYSE:NOK) by 68.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 181,890 shares of the technology company’s stock after purchasing an additional 74,056 shares during the quarter. Stifel Financial Corp’s holdings in Nokia Corporation were worth $1,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently made changes to their positions in the company. Smithbridge Asset Management Inc. DE bought a new stake in Nokia Corporation during the second quarter valued at approximately $119,000. Geneva Advisors LLC bought a new stake in Nokia Corporation during the second quarter valued at approximately $125,000. Cutter & CO Brokerage Inc. lifted its position in Nokia Corporation by 8.5% during the second quarter. Cutter & CO Brokerage Inc. now owns 22,993 shares of the technology company’s stock valued at $142,000 after purchasing an additional 1,801 shares during the last quarter. Two Sigma Securities LLC bought a new stake in Nokia Corporation during the first quarter valued at approximately $150,000. Finally, First Command Bank lifted its position in Nokia Corporation by 100.0% during the second quarter. First Command Bank now owns 25,788 shares of the technology company’s stock valued at $158,000 after purchasing an additional 12,894 shares during the last quarter. Institutional investors and hedge funds own 5.83% of the company’s stock.
A number of brokerages have recently weighed in on NOK. Zacks Investment Research lowered shares of Nokia Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Vetr upgraded shares of Nokia Corporation from a “buy” rating to a “strong-buy” rating and set a $7.22 price objective for the company in a report on Wednesday, August 9th. Credit Suisse Group restated a “neutral” rating on shares of Nokia Corporation in a report on Sunday, July 30th. BidaskClub upgraded shares of Nokia Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Finally, Cowen and Company restated a “hold” rating and issued a $5.00 price objective on shares of Nokia Corporation in a report on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company’s stock. Nokia Corporation has an average rating of “Hold” and a consensus price target of $5.86.
Nokia Corporation (NOK) opened at 6.08 on Friday. The stock’s market capitalization is $34.36 billion. The firm’s 50-day moving average is $6.00 and its 200-day moving average is $6.09. Nokia Corporation has a 12 month low of $4.04 and a 12 month high of $6.65.
Nokia Corporation (NYSE:NOK) last released its earnings results on Thursday, July 27th. The technology company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.05. Nokia Corporation had a positive return on equity of 8.20% and a negative net margin of 1.78%. The business had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same period last year, the company earned $0.03 earnings per share. The business’s revenue for the quarter was up .8% compared to the same quarter last year. On average, equities analysts expect that Nokia Corporation will post $0.30 earnings per share for the current fiscal year.
Nokia Corporation Company Profile
Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The Company’s businesses include Nokia Networks and Nokia Technologies. The Company’s segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.
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