Stifel Financial Corp Cuts Holdings in Nokia Oyj (NOK)

Stifel Financial Corp lowered its holdings in shares of Nokia Oyj (NYSE:NOK) by 29.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 128,981 shares of the technology company’s stock after selling 52,909 shares during the period. Stifel Financial Corp’s holdings in Nokia Oyj were worth $769,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in NOK. Geneva Advisors LLC acquired a new position in shares of Nokia Oyj in the second quarter valued at approximately $125,000. Pacer Advisors Inc. raised its position in shares of Nokia Oyj by 319.6% in the second quarter. Pacer Advisors Inc. now owns 63,717 shares of the technology company’s stock valued at $393,000 after buying an additional 48,531 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Nokia Oyj by 47.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 35,401 shares of the technology company’s stock valued at $218,000 after buying an additional 11,371 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Nokia Oyj by 4.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 191,385 shares of the technology company’s stock valued at $1,179,000 after buying an additional 8,307 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Nokia Oyj by 4,241.3% in the second quarter. JPMorgan Chase & Co. now owns 2,223,920 shares of the technology company’s stock valued at $13,699,000 after buying an additional 2,172,693 shares during the last quarter. Institutional investors own 5.83% of the company’s stock.

Shares of Nokia Oyj (NYSE NOK) opened at $4.71 on Friday. Nokia Oyj has a twelve month low of $4.50 and a twelve month high of $6.65. The stock has a market cap of $27,620.38, a P/E ratio of -42.82, a P/E/G ratio of 1.07 and a beta of 1.27. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.59 and a quick ratio of 1.33.

Nokia Oyj (NYSE:NOK) last released its earnings results on Thursday, October 26th. The technology company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. Nokia Oyj had a negative net margin of 2.09% and a positive return on equity of 9.88%. The firm had revenue of $5.54 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same period in the previous year, the firm earned $0.04 earnings per share. Nokia Oyj’s revenue was down 7.0% compared to the same quarter last year. equities analysts anticipate that Nokia Oyj will post 0.33 EPS for the current year.

A number of research firms have recently weighed in on NOK. Canaccord Genuity cut their price objective on shares of Nokia Oyj from $7.00 to $5.50 and set a “hold” rating for the company in a research report on Friday, October 27th. UBS Group restated a “buy” rating on shares of Nokia Oyj in a report on Wednesday, September 20th. Vetr downgraded shares of Nokia Oyj from a “strong-buy” rating to a “hold” rating and set a $6.37 target price for the company. in a report on Monday, September 18th. JPMorgan Chase & Co. restated a “buy” rating on shares of Nokia Oyj in a report on Friday, October 27th. Finally, BNP Paribas downgraded shares of Nokia Oyj from a “neutral” rating to an “underperform” rating in a report on Thursday, September 21st. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $5.71.

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Nokia Oyj 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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Institutional Ownership by Quarter for Nokia Oyj (NYSE:NOK)

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