Stifel Financial Corp Has $1.27 Million Stake in Nokia Oyj (NYSE:NOK)

Stifel Financial Corp reduced its position in shares of Nokia Oyj (NYSE:NOK) by 3.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 289,629 shares of the technology company’s stock after selling 9,802 shares during the period. Stifel Financial Corp’s holdings in Nokia Oyj were worth $1,266,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Pzena Investment Management LLC increased its stake in Nokia Oyj by 10.0% in the 3rd quarter. Pzena Investment Management LLC now owns 90,785,960 shares of the technology company’s stock valued at $396,735,000 after buying an additional 8,261,407 shares during the last quarter. FMR LLC increased its position in shares of Nokia Oyj by 1,012.3% in the third quarter. FMR LLC now owns 30,497,275 shares of the technology company’s stock valued at $133,273,000 after acquiring an additional 27,755,460 shares during the last quarter. American Century Companies Inc. raised its holdings in Nokia Oyj by 10.6% during the second quarter. American Century Companies Inc. now owns 1,001,777 shares of the technology company’s stock worth $3,787,000 after acquiring an additional 96,144 shares in the last quarter. Waterfront Wealth Inc. boosted its position in Nokia Oyj by 10.3% during the second quarter. Waterfront Wealth Inc. now owns 761,780 shares of the technology company’s stock valued at $2,880,000 after purchasing an additional 71,022 shares during the last quarter. Finally, Bank of Montreal Can bought a new position in Nokia Oyj in the second quarter valued at approximately $2,501,000. 5.28% of the stock is currently owned by institutional investors.

Nokia Oyj Stock Performance

NOK stock opened at $4.43 on Monday. The stock has a market cap of $24.15 billion, a price-to-earnings ratio of 55.38, a price-to-earnings-growth ratio of 5.80 and a beta of 1.08. The company has a fifty day moving average price of $4.47 and a two-hundred day moving average price of $4.18. Nokia Oyj has a one year low of $3.24 and a one year high of $4.95. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.72 and a quick ratio of 1.46.

Nokia Oyj (NYSE:NOK) last announced its quarterly earnings results on Thursday, October 17th. The technology company reported $0.07 EPS for the quarter, meeting analysts’ consensus estimates of $0.07. The business had revenue of $4.75 billion for the quarter, compared to analyst estimates of $5.10 billion. Nokia Oyj had a net margin of 2.18% and a return on equity of 8.32%. Equities analysts anticipate that Nokia Oyj will post 0.34 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on NOK shares. JPMorgan Chase & Co. upgraded Nokia Oyj from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $4.35 to $6.35 in a research note on Monday, December 9th. StockNews.com raised shares of Nokia Oyj from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 13th. Craig Hallum raised shares of Nokia Oyj from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 17th. Danske raised shares of Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Finally, Northland Securities reiterated an “outperform” rating and set a $6.50 price target on shares of Nokia Oyj in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Nokia Oyj presently has an average rating of “Moderate Buy” and an average price target of $6.43.

Nokia Oyj Profile

Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission.