Cornerstone Progressive Return Fund Company Profile (NYSE:CFP)

About Cornerstone Progressive Return Fund (NYSE:CFP)

Cornerstone Progressive Return Fund logoCornerstone Progressive Return Fund (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide total return. The Fund invests primarily all of its assets in equity securities of the United States issuers, non- United States issuers whose securities trade on the United States securities exchange or over the counter or as American depositary receipts (ADRs) or other forms of depositary receipts, such as international depositary receipts (IDRs), which trade in the United States, closed-end investment companies and exchange-traded funds (ETFs). The Fund pursues current income, as a component of total return, by investing in dividend-paying equity securities and the United States dollar-denominated debt securities. The Fund's investment advisor is Cornerstone Advisors, Inc.

Industry, Sector and Symbol:
  • Sector: Financials
  • Industry: Closed End Funds
  • Sub-Industry: N/A
  • Symbol: NYSE:CFP
  • CUSIP: N/A
  • Web: N/A
Average Prices:
  • 50 Day Moving Avg: $16.68
  • 200 Day Moving Avg: $15.83
  • 52 Week Range: $12.52 - $18.72
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 17.17
  • P/E Growth: 0.00
Profitability:
  • Net Margins: -28.64%
  • Return on Equity: -0.48%
  • Return on Assets: -0.48%
Misc:
  • Average Volume: 130,938 shs.
 

Frequently Asked Questions for Cornerstone Progressive Return Fund (NYSE:CFP)

What is Cornerstone Progressive Return Fund's stock symbol?

Cornerstone Progressive Return Fund trades on the New York Stock Exchange (NYSE) under the ticker symbol "CFP."

Where is Cornerstone Progressive Return Fund's stock going? Where will Cornerstone Progressive Return Fund's stock price be in 2017?

2 brokerages have issued 12 month price objectives for Cornerstone Progressive Return Fund's shares. Their forecasts range from $21.25 to $41.00. On average, they expect Cornerstone Progressive Return Fund's share price to reach $31.13 in the next twelve months. View Analyst Ratings for Cornerstone Progressive Return Fund.

Who are some of Cornerstone Progressive Return Fund's key competitors?

How do I buy Cornerstone Progressive Return Fund stock?

Shares of Cornerstone Progressive Return Fund can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Cornerstone Progressive Return Fund's stock price today?

One share of Cornerstone Progressive Return Fund stock can currently be purchased for approximately $16.83.


MarketBeat Community Rating for Cornerstone Progressive Return Fund (NYSE CFP)
Community Ranking:  3.2 out of 5 (star star star)
Outperform Votes:  20 (Vote Outperform)
Underperform Votes:  11 (Vote Underperform)
Total Votes:  31
MarketBeat's community ratings are surveys of what our community members think about Cornerstone Progressive Return Fund and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Cornerstone Progressive Return Fund (NYSE:CFP) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $31.13 (84.94% upside)

Analysts' Ratings History for Cornerstone Progressive Return Fund (NYSE:CFP)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
8/29/2017ScotiabankReiterated RatingBuy$21.25N/AView Rating Details
4/23/2017Piper Jaffray CompaniesUpgradeNeutral -> Overweight$40.00 -> $41.00LowView Rating Details
(Data available from 9/19/2015 forward)

Earnings

Earnings History for Cornerstone Progressive Return Fund (NYSE:CFP)
No earnings announcements for this company have been tracked by MarketBeat.com

Estimates

Earnings Estimates for Cornerstone Progressive Return Fund (NYSE:CFP)
Current Year EPS Consensus Estimate: $0.60 EPS
Next Year EPS Consensus Estimate: $0.98 EPS

Dividends

Current Dividend Information for Cornerstone Progressive Return Fund (NYSE:CFP)
Most Recent Dividend:9/30/2015
Dividend Yield:0.00%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:0.00% (Based on This Year's Estimates)
0.00% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Cornerstone Progressive Return Fund (NYSE:CFP)

Dividend History by Quarter for Cornerstone Progressive Return Fund (NYSE CFP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
5/18/2015monthly$0.2921.2%9/11/20159/15/20159/30/2015
5/18/2015monthly$0.2921.2%8/12/20158/14/20158/31/2015
5/18/2015monthly$0.2921.2%7/13/20157/15/20157/31/2015
2/17/2015monthly$0.2922.64%4/13/20154/15/20154/30/2015
2/17/2015monthly$0.2922.64%5/13/20155/15/20155/29/2015
2/17/2015monthly$0.2922.64%6/11/20156/15/20156/30/2015
8/12/2014monthly$0.0820.01%10/10/201410/15/201410/31/2014
8/12/2014monthly$0.0820.01%11/12/201411/14/201411/28/2014
8/12/2014monthly$0.0820.01%12/11/201412/15/201412/31/2014
5/12/2014monthly$0.0818.3%9/11/20149/15/20149/30/2014
5/12/2014monthly$0.0818.3%8/13/20148/15/20148/29/2014
5/9/2014jul 14$0.0818.3%7/11/20147/15/20147/31/2014
2/10/2014monthly$0.0817.57%5/13/20145/15/20145/30/2014
2/10/2014monthly$0.0817.57%6/11/20146/13/20146/30/2014
2/10/2014monthly$0.0817.57%4/11/20144/15/20144/30/2014
2/7/2014apr 14$0.084/15/20144/30/2014
11/18/2013monthly$0.0817.98%2/12/20142/14/20142/28/2014
11/18/2013monthly$0.0817.98%3/12/20143/14/20143/31/2014
11/18/2013monthly$0.0817.98%1/13/20141/15/20141/31/2014
8/12/2013monthly$0.0919.71%12/11/201312/13/201312/31/2013
8/12/2013monthly$0.0919.71%10/10/201310/15/201310/31/2013
8/12/2013monthly$0.0919.71%11/13/201311/15/201311/29/2013
5/21/2013monthly$0.0916.77%9/12/20139/16/20139/30/2013
5/21/2013monthly$0.0916.77%7/11/20137/15/20137/31/2013
5/21/2013monthly$0.0916.77%8/13/20138/15/20138/30/2013
2/11/2013monthly$0.0917.62%6/12/20136/14/20136/28/2013
2/11/2013monthly$0.0917.62%4/11/20134/15/20134/30/2013
2/11/2013monthly$0.0917.62%5/13/20135/15/20135/31/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Cornerstone Progressive Return Fund (NYSE:CFP)
Insider Trades by Quarter for Cornerstone Progressive Return Fund (NYSE:CFP)
Insider Trades by Quarter for Cornerstone Progressive Return Fund (NYSE:CFP)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
6/8/2015Scott B RogersDirectorSell6,619$16.89$111,794.91View SEC Filing  
6/5/2014Ralph W BradshawPresidentBuy5,121$4.61$23,607.81View SEC Filing  
6/5/2014Scott B RogersDirectorBuy2,111$4.61$9,731.71View SEC Filing  
7/31/2013Ralph W BradshawPresidentBuy6,126$4.86$29,772.36View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Cornerstone Progressive Return Fund (NYSE:CFP)
Latest Headlines for Cornerstone Progressive Return Fund (NYSE:CFP)
Source:
DateHeadline
americanbankingnews.com logoCornerstone Progressive Return Fund (CFP) Given "Buy" Rating at Scotiabank
www.americanbankingnews.com - August 30 at 2:28 PM
finance.yahoo.com logoWe're Bullish on a Housing Recovery
finance.yahoo.com - August 3 at 3:58 AM
americanbankingnews.com logoSomewhat Positive Press Coverage Likely to Affect Cornerstone Progressive Return Fund (CFP) Stock Price
www.americanbankingnews.com - April 28 at 4:02 PM
americanbankingnews.com logoCornerstone Progressive Return Fund (CFP) Earning Positive News Coverage, Report Finds
www.americanbankingnews.com - April 24 at 3:19 PM
americanbankingnews.com logoCornerstone Progressive Return Fund (CFP) Rating Increased to Overweight at Piper Jaffray Companies
www.americanbankingnews.com - April 23 at 10:26 AM
americanbankingnews.com logoCornerstone Progressive Return Fund (CFP) Receives Daily Media Impact Rating of -0.32
www.americanbankingnews.com - April 20 at 8:49 AM
seekingalpha.com logoTerraForm Global: 'Bad Boy' Utility Dog Shows Top April Yield And Gains - Seeking Alpha
seekingalpha.com - April 21 at 6:42 AM
finance.yahoo.com logoCornerstone Strategic Value Fund, Inc. and Cornerstone Progressive Return Fund Announce Completion of Merger
finance.yahoo.com - June 26 at 7:01 PM
finance.yahoo.com logoCornerstone Strategic Value Fund, Inc. and Cornerstone Progressive Return Fund Announce Approval of Merger
finance.yahoo.com - May 29 at 12:56 PM
finance.yahoo.com logoCornerstone Progressive Return Fund Announces Continuing Monthly Distributions and Change in June 2015 Payable Date
finance.yahoo.com - May 15 at 5:23 PM
finance.yahoo.com logoCornerstone Funds Announce Continuing Monthly Distributions
finance.yahoo.com - May 15 at 5:11 PM
finance.yahoo.com logoCornerstone Strategic Value Fund, Inc. and Cornerstone Progressive Return Fund Announce Proposed Merger
finance.yahoo.com - February 27 at 7:09 PM
finance.yahoo.com logoCornerstone Funds File Their Annual Reports
finance.yahoo.com - February 24 at 11:54 AM
finance.yahoo.com logoCornerstone Progressive Return Fund Announces Continuing Monthly Distributions
finance.yahoo.com - February 13 at 4:15 PM

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Chart

Cornerstone Progressive Return Fund (CFP) Chart for Tuesday, September, 19, 2017

This page was last updated on 9/19/2017 by MarketBeat.com Staff