Siebert Financial (NASDAQ:SIEB) Releases 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) posted 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 11.00% and a return on equity of 10.78%. The business had revenue of $14.87 million for the quarter.

Siebert Financial Stock Performance

Shares of SIEB traded down $0.14 during trading hours on Friday, hitting $3.76. The stock had a trading volume of 71,732 shares, compared to its average volume of 56,076. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.16 and a current ratio of 1.13. The firm has a 50-day moving average price of $4.23 and a 200 day moving average price of $3.62. Siebert Financial has a fifty-two week low of $1.63 and a fifty-two week high of $5.77. The firm has a market capitalization of $155.78 million, a price-to-earnings ratio of 15.67 and a beta of 0.73.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Siebert Financial from a "buy" rating to a "sell" rating in a research note on Saturday.

Hedge Funds Weigh In On Siebert Financial

Several large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in 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 acquiring an additional 6,683 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Siebert Financial in the 2nd quarter worth $34,000. Invesco Ltd. purchased a new stake in Siebert Financial in the 2nd quarter worth $45,000. Jane Street Group LLC increased its holdings in 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 acquiring an additional 4,775 shares in the last quarter. Finally, New York State Common Retirement Fund purchased a new stake in Siebert Financial in the 2nd quarter worth $95,000. 1.52% of the stock is currently owned by institutional investors and hedge funds.

About Siebert Financial

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.