Stifel Financial Corp Has $1.58 Million Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Stifel Financial Corp decreased its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) by 75.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 66,698 shares of the company's stock after selling 202,622 shares during the period. Stifel Financial Corp's holdings in Sirius XM were worth $1,577,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SIRI. Coston McIsaac & Partners raised its stake in shares of Sirius XM by 113.5% in the 3rd quarter. Coston McIsaac & Partners now owns 1,174 shares of the company's stock valued at $27,000 after acquiring an additional 624 shares during the period. TCTC Holdings LLC acquired a new stake in Sirius XM in the 3rd quarter valued at $29,000. Bfsg LLC lifted its stake in shares of Sirius XM by 35.3% during the third quarter. Bfsg LLC now owns 4,735 shares of the company's stock worth $112,000 after purchasing an additional 1,235 shares in the last quarter. Princeton Global Asset Management LLC boosted its position in shares of Sirius XM by 2,683.7% in the third quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company's stock worth $32,000 after buying an additional 1,315 shares during the period. Finally, Larson Financial Group LLC grew its stake in shares of Sirius XM by 139.8% in the third quarter. Larson Financial Group LLC now owns 3,187 shares of the company's stock valued at $75,000 after buying an additional 1,858 shares in the last quarter. 10.69% of the stock is owned by institutional investors and hedge funds.

Sirius XM Stock Performance

NASDAQ:SIRI opened at $23.08 on Friday. Sirius XM Holdings Inc. has a twelve month low of $20.47 and a twelve month high of $56.80. The firm has a market cap of $7.83 billion, a price-to-earnings ratio of -3.64 and a beta of 1.03. The company has a 50-day moving average of $26.16 and a 200-day moving average of $28.36. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.93.

Sirius XM Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th were issued a $0.27 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $1.08 annualized dividend and a dividend yield of 4.68%. This is a boost from Sirius XM's previous quarterly dividend of $0.27. Sirius XM's dividend payout ratio is currently -17.03%.

Insider Activity

In other news, major shareholder Berkshire Hathaway Inc bought 175,569 shares of the company's stock in a transaction dated Friday, October 18th. The shares were acquired at an average cost of $27.43 per share, with a total value of $4,815,857.67. Following the completion of the transaction, the insider now directly owns 110,276,790 shares in the company, valued at approximately $3,024,892,349.70. The trade was a 0.16 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders purchased 2,646,761 shares of company stock worth $65,952,329. Insiders own 0.79% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on SIRI. StockNews.com initiated coverage on shares of Sirius XM in a research report on Wednesday, November 13th. They issued a "sell" rating for the company. The Goldman Sachs Group dropped their price target on shares of Sirius XM from $26.00 to $23.00 and set a "neutral" rating on the stock in a research note on Monday, November 4th. JPMorgan Chase & Co. increased their target price on Sirius XM from $20.00 to $21.00 and gave the company an "underweight" rating in a research note on Thursday, November 7th. Seaport Res Ptn cut Sirius XM from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. Finally, Wells Fargo & Company cut their price target on Sirius XM from $22.00 to $16.00 and set an "underweight" rating on the stock in a report on Thursday. Six investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Sirius XM has an average rating of "Hold" and an average price target of $27.58.

Sirius XM Profile

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.