Wall Street Zen Upgrades Siebert Financial (NASDAQ:SIEB) to “Strong-Buy”

Siebert Financial (NASDAQ:SIEB) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

Siebert Financial Stock Performance

Shares of Siebert Financial stock opened at $5.23 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $211.34 million, a P/E ratio of 20.12 and a beta of 0.67. The business has a fifty day simple moving average of $3.84 and a two-hundred day simple moving average of $3.20. Siebert Financial has a 12 month low of $1.41 and a 12 month high of $5.77.

Siebert Financial (NASDAQ:SIEB) last announced its quarterly earnings data on Tuesday, May 13th. The financial services provider reported $0.22 EPS for the quarter. Siebert Financial had a return on equity of 13.92% and a net margin of 12.83%. The business had revenue of $28.92 million during the quarter.

Hedge Funds Weigh In On Siebert Financial

Several institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC increased its holdings in shares of Siebert Financial by 40.9% during the first quarter. Jane Street Group LLC now owns 16,443 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 4,775 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Siebert Financial by 15.1% during the fourth quarter. Northern Trust Corp now owns 40,583 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 5,323 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Siebert Financial by 275.0% during the fourth quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 28,600 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Siebert Financial by 4.9% during the fourth quarter. Geode Capital Management LLC now owns 216,841 shares of the financial services provider’s stock valued at $685,000 after acquiring an additional 10,053 shares in the last quarter. 1.52% of the stock is currently owned by institutional investors.

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.