XTX Topco Ltd Has $303,000 Stock Holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB)

XTX Topco Ltd trimmed its holdings in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 75.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,184 shares of the company's stock after selling 9,779 shares during the period. XTX Topco Ltd's holdings in Spectrum Brands were worth $303,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Citigroup Inc. increased its stake in Spectrum Brands by 15.9% in the third quarter. Citigroup Inc. now owns 41,048 shares of the company's stock valued at $3,905,000 after purchasing an additional 5,641 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Spectrum Brands in the second quarter valued at approximately $3,119,000. Bank of Montreal Can boosted its holdings in shares of Spectrum Brands by 2,542.3% in the second quarter. Bank of Montreal Can now owns 117,795 shares of the company's stock valued at $10,862,000 after buying an additional 113,337 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Spectrum Brands in the second quarter valued at approximately $630,000. Finally, International Assets Investment Management LLC boosted its holdings in shares of Spectrum Brands by 9,420.0% in the third quarter. International Assets Investment Management LLC now owns 476 shares of the company's stock valued at $45,000 after buying an additional 471 shares during the period.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group increased their target price on shares of Spectrum Brands from $91.00 to $94.00 and gave the stock a "hold" rating in a report on Monday, November 18th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Spectrum Brands has an average rating of "Hold" and a consensus target price of $102.38.

Spectrum Brands Stock Performance

SPB stock traded down $2.85 during trading hours on Wednesday, reaching $86.27. The stock had a trading volume of 379,347 shares, compared to its average volume of 385,992. The stock has a market capitalization of $2.42 billion, a PE ratio of 21.14, a price-to-earnings-growth ratio of 1.58 and a beta of 1.19. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.30 and a quick ratio of 1.62. The stock has a 50-day simple moving average of $91.40 and a 200 day simple moving average of $89.71. Spectrum Brands Holdings, Inc. has a fifty-two week low of $75.50 and a fifty-two week high of $96.74.

Spectrum Brands (NYSE:SPB - Get Free Report) last announced its quarterly earnings results on Friday, November 15th. The company reported $0.97 EPS for the quarter, missing analysts' consensus estimates of $1.13 by ($0.16). The firm had revenue of $773.70 million during the quarter, compared to analyst estimates of $747.80 million. Spectrum Brands had a net margin of 4.21% and a return on equity of 6.16%. The business's revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.36 EPS. Analysts predict that Spectrum Brands Holdings, Inc. will post 5.25 EPS for the current fiscal year.

Spectrum Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, November 26th were given a $0.47 dividend. The ex-dividend date was Tuesday, November 26th. This is a positive change from Spectrum Brands's previous quarterly dividend of $0.42. This represents a $1.88 annualized dividend and a dividend yield of 2.18%. Spectrum Brands's dividend payout ratio is presently 46.08%.

Spectrum Brands Company Profile

Spectrum Brands Holdings, Inc operates as a branded consumer products and home essentials company in North America, Europe, the Middle East, Africa, and Asia-Pacific regions. It operates through three segments: Home and Personal Care; Global Pet Care; and Home and Garden. The Home and Personal Care segment provides home appliances under the Black & Decker, Russell Hobbs, George Foreman, PowerXL, Emeril Legasse, Copper Chef, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington brand.