Siebert Financial (NASDAQ:SIEB) Posts Quarterly Earnings Results

Key Points

• Siebert Financial reported a quarterly earnings per share (EPS) of ($0.12), along with a net margin of 19.77% and a return on equity of 21.37%.
• The company saw its stock price increase by $0.19 to $4.13, with a market capitalization of approximately $166.89 million.
• Recent changes in institutional holdings include significant raises from firms like Geode Capital Management and JPMorgan Chase & Co., with the latter's holdings increasing by over 111,000%.

Siebert Financial (NASDAQ:SIEB - Get Free Report) issued its earnings results on Tuesday. The financial services provider reported ($0.12) EPS for the quarter, Zacks reports. Siebert Financial had a net margin of 19.77% and a return on equity of 21.37%.

Siebert Financial Stock Performance

Shares of NASDAQ SIEB traded up $0.19 during midday trading on Tuesday, reaching $4.13. The company's stock had a trading volume of 58,843 shares, compared to its average volume of 65,117. Siebert Financial has a 12-month low of $1.44 and a 12-month high of $5.77. The firm has a 50 day moving average price of $4.32 and a 200-day moving average price of $3.60. The stock has a market capitalization of $166.89 million, a P/E ratio of 8.98 and a beta of 0.73. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.16 and a quick ratio of 1.16.

Hedge Funds Weigh In On Siebert Financial

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC raised its holdings in shares of Siebert Financial by 81.8% in the 2nd quarter. Geode Capital Management LLC now owns 400,488 shares of the financial services provider's stock worth $1,770,000 after purchasing an additional 180,186 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Siebert Financial by 111,383.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,689 shares of the financial services provider's stock worth $30,000 after purchasing an additional 6,683 shares during the period. Finally, Jane Street Group LLC raised its holdings in shares of Siebert Financial by 40.9% in the 1st quarter. Jane Street Group LLC now owns 16,443 shares of the financial services provider's stock worth $49,000 after purchasing an additional 4,775 shares during the period. Hedge funds and other institutional investors own 1.52% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Siebert Financial from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 15th.

Siebert Financial Company Profile

Siebert Financial Corp., through its subsidiaries, engages in the retail brokerage and investment advisory businesses in the United States and Internationally. It offers self-directed trading, market making and fixed income investment, stock borrow, stock loan, equity compensation plans, wealth management, and financial advisory services; independent retail execution services; and retail customer services.

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