Fifth Third Bancorp Grows Stock Position in Somnigroup International Inc. $SGI

Fifth Third Bancorp increased its stake in shares of Somnigroup International Inc. (NYSE:SGI) by 2,471.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,757 shares of the company’s stock after purchasing an additional 48,783 shares during the quarter. Fifth Third Bancorp’s holdings in Somnigroup International were worth $3,752,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Swiss Life Asset Management Ltd increased its stake in Somnigroup International by 85.1% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 9,065 shares of the company’s stock valued at $764,000 after buying an additional 4,168 shares during the period. Allworth Financial LP purchased a new stake in shares of Somnigroup International in the third quarter valued at about $32,000. GAMMA Investing LLC boosted its holdings in shares of Somnigroup International by 12.1% in the fourth quarter. GAMMA Investing LLC now owns 8,191 shares of the company’s stock valued at $731,000 after acquiring an additional 884 shares in the last quarter. Park Avenue Securities LLC increased its stake in shares of Somnigroup International by 6.8% during the fourth quarter. Park Avenue Securities LLC now owns 12,112 shares of the company’s stock worth $1,081,000 after acquiring an additional 768 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Somnigroup International by 15.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,665 shares of the company’s stock worth $786,000 after acquiring an additional 1,173 shares during the period. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SGI shares. Bank of America reduced their price objective on shares of Somnigroup International from $106.00 to $96.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Zelman & Associates started coverage on Somnigroup International in a report on Tuesday, June 23rd. They issued an “outperform” rating and a $99.00 price target for the company. Stephens restated an “equal weight” rating and issued a $89.00 price target on shares of Somnigroup International in a research note on Tuesday, April 14th. UBS Group decreased their price target on Somnigroup International from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Finally, Jefferies Financial Group upgraded Somnigroup International from a “hold” rating to a “buy” rating and cut their price objective for the stock from $90.00 to $88.00 in a research report on Thursday, March 26th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $98.67.

Somnigroup International Stock Performance

NYSE:SGI opened at $72.78 on Monday. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.41. The firm has a 50-day moving average price of $71.53 and a two-hundred day moving average price of $79.85. Somnigroup International Inc. has a twelve month low of $60.39 and a twelve month high of $98.56. The company has a market capitalization of $15.31 billion, a P/E ratio of 29.71, a price-to-earnings-growth ratio of 1.35 and a beta of 1.19.

Somnigroup International (NYSE:SGI) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.02. Somnigroup International had a net margin of 6.80% and a return on equity of 19.62%. The company had revenue of $1.80 billion for the quarter. During the same period last year, the company earned $0.49 EPS. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. As a group, research analysts expect that Somnigroup International Inc. will post 3.15 earnings per share for the current fiscal year.

Somnigroup International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, May 21st. Somnigroup International’s payout ratio is currently 27.76%.

Somnigroup International Profile

Somnigroup International Inc, together with its subsidiaries, designs, manufactures, distributes, and retails bedding products in the United States and internationally. It provides mattresses, foundations and adjustable foundations, and adjustable bases, as well as other products comprising pillows, mattress covers, sheets, cushions, and various other accessories and comfort products under the Tempur-Pedic, Sealy, Stearns & Foster, Sealy, and Cocoon by Sealy brand names. The company sells its products through approximately company-owned stores, online, and call centers; and third party retailers, including third party distribution, hospitality, and healthcare.