Legal & General Group Plc decreased its position in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 17.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 616,469 shares of the company's stock after selling 126,407 shares during the period. Legal & General Group Plc owned about 0.18% of Sirius XM worth $14,055,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in Sirius XM in the 3rd quarter worth $5,489,000. Franklin Resources Inc. grew its position in shares of Sirius XM by 209.1% in the third quarter. Franklin Resources Inc. now owns 87,201 shares of the company's stock valued at $2,062,000 after purchasing an additional 58,993 shares during the period. Everence Capital Management Inc. purchased a new stake in shares of Sirius XM during the fourth quarter worth about $241,000. Central Pacific Bank Trust Division purchased a new stake in shares of Sirius XM during the fourth quarter worth about $104,000. Finally, First Hawaiian Bank purchased a new position in Sirius XM in the 4th quarter valued at about $454,000. Institutional investors and hedge funds own 10.69% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on SIRI. Morgan Stanley dropped their price target on Sirius XM from $23.00 to $21.00 and set an "underweight" rating for the company in a research report on Thursday, January 23rd. Barrington Research set a $28.00 price target on shares of Sirius XM in a report on Friday, January 31st. Guggenheim decreased their price objective on Sirius XM from $30.00 to $29.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Seaport Res Ptn raised Sirius XM from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company decreased their price target on Sirius XM from $22.00 to $16.00 and set an "underweight" rating on the stock in a research note on Thursday, December 19th. Six equities research analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $26.81.
Read Our Latest Stock Analysis on SIRI
Sirius XM Stock Up 1.1 %
Shares of SIRI traded up $0.23 during mid-day trading on Friday, hitting $20.31. 2,963,231 shares of the company's stock were exchanged, compared to its average volume of 4,966,003. The stock's 50-day moving average is $23.08 and its 200-day moving average is $24.11. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. Sirius XM Holdings Inc. has a fifty-two week low of $18.69 and a fifty-two week high of $41.60. The company has a market cap of $6.88 billion, a price-to-earnings ratio of -3.17, a P/E/G ratio of 0.79 and a beta of 0.98.
Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.20. Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. On average, sell-side analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.
Sirius XM Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Friday, May 9th will be issued a $0.27 dividend. The ex-dividend date is Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 5.32%. Sirius XM's dividend payout ratio is currently -16.85%.
Sirius XM Company Profile
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Free Report)
Sirius XM Holdings Inc operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company's Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment.
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