Toronto Dominion Bank purchased a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 982,369 shares of the company's stock, valued at approximately $22,398,000. Toronto Dominion Bank owned 0.29% of Sirius XM as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also made changes to their positions in SIRI. Merit Financial Group LLC acquired a new stake in shares of Sirius XM during the fourth quarter worth approximately $229,000. Integrated Investment Consultants LLC lifted its stake in Sirius XM by 10.9% in the fourth quarter. Integrated Investment Consultants LLC now owns 15,007 shares of the company's stock valued at $342,000 after acquiring an additional 1,469 shares during the last quarter. Krilogy Financial LLC acquired a new stake in Sirius XM in the fourth quarter valued at approximately $557,000. Polianta Ltd acquired a new stake in Sirius XM in the fourth quarter valued at approximately $1,085,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in Sirius XM by 383,152.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 137,971 shares of the company's stock valued at $3,146,000 after acquiring an additional 137,935 shares during the last quarter. 10.69% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the stock. Seaport Res Ptn upgraded shares of Sirius XM from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Morgan Stanley reduced their target price on shares of Sirius XM from $23.00 to $21.00 and set an "underweight" rating for the company in a research note on Thursday, January 23rd. Rosenblatt Securities reduced their target price on shares of Sirius XM from $24.00 to $22.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Barrington Research reiterated an "outperform" rating and issued a $28.00 target price on shares of Sirius XM in a research note on Friday, May 2nd. Finally, Guggenheim reduced their target price on shares of Sirius XM from $30.00 to $29.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Six investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $26.65.
Check Out Our Latest Analysis on Sirius XM
Sirius XM Price Performance
NASDAQ:SIRI opened at $22.73 on Monday. The stock has a market cap of $7.68 billion, a P/E ratio of -3.55, a PEG ratio of 0.79 and a beta of 0.90. Sirius XM Holdings Inc. has a one year low of $18.69 and a one year high of $41.60. The company has a fifty day moving average price of $21.57 and a 200 day moving average price of $23.45. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42.
Sirius XM (NASDAQ:SIRI - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.11). The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.09 billion. Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. Sirius XM's revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.07 earnings per share. Analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.
Sirius XM Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Friday, May 9th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.75%. The ex-dividend date of this dividend is Friday, May 9th. Sirius XM's payout ratio is currently -16.56%.
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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