Ameriprise Financial Inc. Has $29.48 Million Stock Position in Signet Jewelers Limited (NYSE:SIG)

Ameriprise Financial Inc. trimmed its position in Signet Jewelers Limited (NYSE:SIG - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 365,232 shares of the company's stock after selling 21,834 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.84% of Signet Jewelers worth $29,478,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Janney Montgomery Scott LLC grew its holdings in shares of Signet Jewelers by 3.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 6,517 shares of the company's stock valued at $526,000 after buying an additional 205 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Signet Jewelers by 0.9% during the third quarter. Franklin Resources Inc. now owns 34,122 shares of the company's stock valued at $3,330,000 after buying an additional 288 shares in the last quarter. Xponance Inc. grew its holdings in shares of Signet Jewelers by 12.2% during the fourth quarter. Xponance Inc. now owns 3,149 shares of the company's stock valued at $254,000 after buying an additional 343 shares in the last quarter. Atria Investments Inc grew its holdings in shares of Signet Jewelers by 14.5% during the fourth quarter. Atria Investments Inc now owns 2,815 shares of the company's stock valued at $227,000 after buying an additional 356 shares in the last quarter. Finally, Gallagher Fiduciary Advisors LLC grew its holdings in shares of Signet Jewelers by 14.7% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 2,788 shares of the company's stock valued at $225,000 after buying an additional 358 shares in the last quarter.

Insiders Place Their Bets

In other Signet Jewelers news, CEO James Kevin Symancyk acquired 15,000 shares of the business's stock in a transaction that occurred on Monday, March 31st. The stock was acquired at an average price of $57.45 per share, with a total value of $861,750.00. Following the transaction, the chief executive officer now owns 50,710 shares of the company's stock, valued at approximately $2,913,289.50. This trade represents a 42.01% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eugenia Ulasewicz sold 3,333 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $54.13, for a total value of $180,415.29. Following the transaction, the director now directly owns 22,752 shares of the company's stock, valued at $1,231,565.76. This represents a 12.78% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.26% of the company's stock.

Signet Jewelers Stock Down 1.4%

NYSE SIG traded down $0.92 on Friday, reaching $66.11. The stock had a trading volume of 825,648 shares, compared to its average volume of 1,167,095. Signet Jewelers Limited has a 1 year low of $45.55 and a 1 year high of $112.06. The business has a 50 day moving average price of $58.05 and a 200 day moving average price of $68.59. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 7.61, a P/E/G ratio of 3.43 and a beta of 1.34. The company has a current ratio of 1.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.14.

Signet Jewelers (NYSE:SIG - Get Free Report) last announced its quarterly earnings results on Wednesday, March 19th. The company reported $6.62 earnings per share for the quarter, topping analysts' consensus estimates of $6.39 by $0.23. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The company had revenue of $2.35 billion during the quarter, compared to analysts' expectations of $2.33 billion. During the same quarter in the previous year, the firm earned $6.73 earnings per share. The business's quarterly revenue was down 5.8% compared to the same quarter last year. On average, analysts forecast that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Signet Jewelers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, April 25th will be given a $0.32 dividend. The ex-dividend date is Friday, April 25th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.94%. This is a boost from Signet Jewelers's previous quarterly dividend of $0.29. Signet Jewelers's payout ratio is currently -168.42%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Telsey Advisory Group reiterated a "market perform" rating and set a $55.00 price target on shares of Signet Jewelers in a report on Wednesday, March 19th. UBS Group lifted their price target on Signet Jewelers from $85.00 to $89.00 and gave the company a "buy" rating in a report on Thursday, March 20th. Cfra Research upgraded Signet Jewelers to a "moderate buy" rating in a research note on Thursday, March 20th. Wells Fargo & Company boosted their target price on Signet Jewelers from $60.00 to $70.00 and gave the company an "equal weight" rating in a research note on Wednesday. Finally, CL King began coverage on Signet Jewelers in a research note on Monday, May 5th. They issued a "buy" rating and a $80.00 target price on the stock. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Signet Jewelers currently has an average rating of "Hold" and an average price target of $79.67.

Signet Jewelers Company Profile

Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.