Siebert Financial (SIEB) Lifted to B- at TheStreet

Siebert Financial (NASDAQ:SIEB) was upgraded by equities research analysts at TheStreet from a “c+” rating to a “b-” rating in a report issued on Wednesday.

Separately, ValuEngine upgraded shares of Siebert Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd.

NASDAQ:SIEB opened at $12.93 on Wednesday. Siebert Financial has a 1-year low of $7.14 and a 1-year high of $20.80.

Several large investors have recently added to or reduced their stakes in SIEB. Northern Trust Corp increased its stake in shares of Siebert Financial by 38.2% in the second quarter. Northern Trust Corp now owns 41,981 shares of the financial services provider’s stock worth $437,000 after acquiring an additional 11,602 shares during the period. BlackRock Inc. increased its stake in shares of Siebert Financial by 13.4% in the third quarter. BlackRock Inc. now owns 362,795 shares of the financial services provider’s stock worth $5,315,000 after acquiring an additional 42,740 shares during the period. Vanguard Group Inc. increased its stake in shares of Siebert Financial by 183.5% in the third quarter. Vanguard Group Inc. now owns 150,100 shares of the financial services provider’s stock worth $2,199,000 after acquiring an additional 97,163 shares during the period. Vanguard Group Inc increased its stake in shares of Siebert Financial by 183.5% in the third quarter. Vanguard Group Inc now owns 150,100 shares of the financial services provider’s stock worth $2,199,000 after acquiring an additional 97,163 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Siebert Financial by 49.6% in the fourth quarter. Bank of New York Mellon Corp now owns 22,324 shares of the financial services provider’s stock worth $323,000 after acquiring an additional 7,404 shares during the period. Hedge funds and other institutional investors own 3.95% of the company’s stock.

Siebert Financial Company Profile

Siebert Financial Corp., through its subsidiaries, engages in the retail discount brokerage and investment advisory businesses. The company offers online and traditional brokerage, and related services to retail investors through a broker on the telephone, a wireless device, or through the Internet; various value added services, such as access to account information; independent retail execution services; and retail customer services.

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