Truist Financial Corp Acquires New Shares in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Truist Financial Corp purchased a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 11,094 shares of the company's stock, valued at approximately $253,000.

Other large investors have also recently modified their holdings of the company. Union Bancaire Privee UBP SA bought a new stake in shares of Sirius XM during the 4th quarter valued at about $26,000. TCTC Holdings LLC bought a new stake in Sirius XM during the third quarter worth about $29,000. Geneos Wealth Management Inc. lifted its stake in Sirius XM by 574.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company's stock worth $31,000 after purchasing an additional 1,144 shares during the last quarter. Avior Wealth Management LLC lifted its stake in Sirius XM by 670.4% during the fourth quarter. Avior Wealth Management LLC now owns 2,080 shares of the company's stock worth $47,000 after purchasing an additional 1,810 shares during the last quarter. Finally, Nisa Investment Advisors LLC bought a new stake in Sirius XM during the third quarter worth about $51,000. Institutional investors own 10.69% of the company's stock.

Wall Street Analysts Forecast Growth

SIRI has been the subject of several research analyst reports. StockNews.com initiated coverage on Sirius XM in a research note on Wednesday, November 13th. They set a "sell" rating for the company. Seaport Res Ptn lowered Sirius XM from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Rosenblatt Securities dropped their price target on Sirius XM from $29.00 to $24.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. Morgan Stanley cut their price target on shares of Sirius XM from $23.00 to $21.00 and set an "underweight" rating for the company in a research report on Thursday, January 23rd. Finally, 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. Six analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $26.81.

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Sirius XM Trading Up 6.2 %

Shares of NASDAQ SIRI traded up $1.48 during trading hours on Friday, hitting $25.23. The company's stock had a trading volume of 6,594,524 shares, compared to its average volume of 5,469,429. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. The stock has a market cap of $8.55 billion, a price-to-earnings ratio of -3.94, a P/E/G ratio of 0.79 and a beta of 1.06. Sirius XM Holdings Inc. has a 12 month low of $20.47 and a 12 month high of $42.40. The business has a 50-day simple moving average of $23.64 and a 200-day simple moving average of $25.33.

Sirius XM (NASDAQ:SIRI - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.20. Sirius XM had a positive return on equity of 13.44% and a negative net margin of 24.03%. On average, analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date was Friday, February 7th. Sirius XM's payout ratio is -16.85%.

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.