Deutsche Bank AG lifted its position in shares of Safeguard Scientifics, Inc. (NYSE:SFE) by 27.1% in the 4th quarter, Holdings Channel reports. The firm owned 534,475 shares of the asset manager’s stock after purchasing an additional 114,125 shares during the period. Deutsche Bank AG’s holdings in Safeguard Scientifics were worth $5,984,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in SFE. Neuberger Berman Group LLC purchased a new stake in shares of Safeguard Scientifics during the 3rd quarter worth $136,000. SG Americas Securities LLC purchased a new stake in shares of Safeguard Scientifics during the 4th quarter worth $315,000. Pinebridge Investments L.P. lifted its position in shares of Safeguard Scientifics by 147.5% during the 3rd quarter. Pinebridge Investments L.P. now owns 24,984 shares of the asset manager’s stock worth $333,000 after purchasing an additional 14,890 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Safeguard Scientifics by 707.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 31,135 shares of the asset manager’s stock worth $349,000 after purchasing an additional 27,279 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Safeguard Scientifics by 16.9% during the 3rd quarter. Legal & General Group Plc now owns 63,234 shares of the asset manager’s stock worth $844,000 after purchasing an additional 9,157 shares during the last quarter. 75.98% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently issued reports on SFE. Zacks Investment Research cut shares of Safeguard Scientifics from a “buy” rating to a “hold” rating in a research report on Thursday, April 5th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $14.50 price objective on shares of Safeguard Scientifics in a research report on Thursday, March 1st. Finally, Barrington Research reaffirmed a “buy” rating and set a $20.00 price objective on shares of Safeguard Scientifics in a research report on Tuesday, March 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $16.17.
Shares of SFE opened at $12.05 on Wednesday. Safeguard Scientifics, Inc. has a 1-year low of $10.65 and a 1-year high of $14.40. The firm has a market capitalization of $255.02, a P/E ratio of -2.78 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.73 and a quick ratio of 0.73.
Safeguard Scientifics (NYSE:SFE) last announced its quarterly earnings results on Thursday, March 1st. The asset manager reported ($0.91) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.05) by $0.14. During the same quarter in the previous year, the firm earned ($1.07) earnings per share. sell-side analysts predict that Safeguard Scientifics, Inc. will post -3.23 earnings per share for the current fiscal year.
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Safeguard Scientifics Company Profile
Safeguard Scientifics, Inc no longer investing. It is a private equity and venture capital firm specializing in expansion financings, growth capital, management buyouts, recapitalizations, industry consolidations, corporate spinouts, growth stage, and early stage financings in Fintech sector. It initially invests in a Series A-C round and opportunistically in a seed round.
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