Keybank National Association OH Sells 1,430 Shares of Signet Jewelers Limited (NYSE:SIG)

Keybank National Association OH lessened its holdings in shares of Signet Jewelers Limited (NYSE:SIGFree Report) by 17.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,615 shares of the company’s stock after selling 1,430 shares during the period. Keybank National Association OH’s holdings in Signet Jewelers were worth $475,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in SIG. Raymond James Financial Services Advisors Inc. grew its position in Signet Jewelers by 1.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 25,524 shares of the company’s stock worth $1,856,000 after purchasing an additional 404 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Signet Jewelers in the 1st quarter worth approximately $377,000. Rhumbline Advisers increased its holdings in shares of Signet Jewelers by 7.1% during the 1st quarter. Rhumbline Advisers now owns 136,265 shares of the company’s stock worth $9,906,000 after buying an additional 9,028 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in Signet Jewelers by 3.7% in the first quarter. Great West Life Assurance Co. Can now owns 50,017 shares of the company’s stock valued at $3,742,000 after acquiring an additional 1,772 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in Signet Jewelers by 188.0% in the first quarter. Sei Investments Co. now owns 34,675 shares of the company’s stock valued at $2,521,000 after acquiring an additional 22,633 shares during the last quarter.

Insider Transactions at Signet Jewelers

In other Signet Jewelers news, CEO Virginia Drosos sold 35,000 shares of the company’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $95.93, for a total value of $3,357,550.00. Following the completion of the transaction, the chief executive officer now owns 932,740 shares in the company, valued at $89,477,748.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Signet Jewelers news, CEO Virginia Drosos sold 35,000 shares of the company’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $95.93, for a total value of $3,357,550.00. Following the completion of the transaction, the chief executive officer now owns 932,740 shares in the company, valued at $89,477,748.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joan M. Hilson sold 10,000 shares of the stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $96.69, for a total transaction of $966,900.00. Following the sale, the insider now owns 215,733 shares of the company’s stock, valued at approximately $20,859,223.77. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 126,203 shares of company stock valued at $11,836,188. 4.54% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SIG has been the topic of a number of recent analyst reports. Citigroup upgraded Signet Jewelers from a “neutral” rating to a “buy” rating and upped their price objective for the company from $93.00 to $119.00 in a report on Wednesday, December 6th. Wells Fargo & Company upped their price objective on Signet Jewelers from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, December 22nd. StockNews.com cut Signet Jewelers from a “buy” rating to a “hold” rating in a report on Saturday, January 13th. Finally, Telsey Advisory Group upped their price objective on Signet Jewelers from $82.00 to $90.00 and gave the company a “market perform” rating in a report on Wednesday, December 6th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $101.00.

Read Our Latest Report on Signet Jewelers

Signet Jewelers Stock Up 0.8 %

Shares of NYSE SIG opened at $98.50 on Thursday. The firm has a market cap of $4.37 billion, a price-to-earnings ratio of 11.92, a PEG ratio of 1.19 and a beta of 2.17. Signet Jewelers Limited has a 52-week low of $57.10 and a 52-week high of $108.73. The business’s 50 day moving average is $99.35 and its two-hundred day moving average is $83.23.

Signet Jewelers (NYSE:SIGGet Free Report) last announced its earnings results on Tuesday, December 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.39 billion. Signet Jewelers had a return on equity of 31.86% and a net margin of 6.29%. The firm’s quarterly revenue was down 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.74 earnings per share. Analysts anticipate that Signet Jewelers Limited will post 9.9 EPS for the current fiscal year.

Signet Jewelers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, January 26th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Thursday, January 25th. Signet Jewelers’s dividend payout ratio is currently 11.14%.

About Signet Jewelers

(Free Report)

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 Jewelers, Zales Outlet, 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.

See Also

Want to see what other hedge funds are holding SIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Signet Jewelers Limited (NYSE:SIGFree Report).

Institutional Ownership by Quarter for Signet Jewelers (NYSE:SIG)

Receive News & Ratings for Signet Jewelers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Signet Jewelers and related companies with MarketBeat.com's FREE daily email newsletter.