Toronto Dominion Bank Makes New $22.40 Million Investment in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Toronto Dominion Bank bought a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 982,369 shares of the company's stock, valued at approximately $22,398,000. Toronto Dominion Bank owned approximately 0.29% of Sirius XM at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SIRI. Union Bancaire Privee UBP SA acquired a new position in shares of Sirius XM during the 4th quarter worth about $26,000. First Command Advisory Services Inc. acquired a new stake in Sirius XM in the 4th quarter valued at about $30,000. Geneos Wealth Management Inc. lifted its stake in Sirius XM by 574.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company's stock valued at $31,000 after purchasing an additional 1,144 shares during the last quarter. Itau Unibanco Holding S.A. lifted its stake in Sirius XM by 255.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,838 shares of the company's stock valued at $42,000 after purchasing an additional 1,321 shares during the last quarter. Finally, Gables Capital Management Inc. acquired a new stake in Sirius XM in the 4th quarter valued at about $43,000. Institutional investors own 10.69% of the company's stock.

Sirius XM Stock Performance

Shares of SIRI stock traded down $0.20 during midday trading on Friday, hitting $21.84. 2,045,869 shares of the company were exchanged, compared to its average volume of 5,150,053. The firm has a market capitalization of $7.38 billion, a P/E ratio of -3.41, a PEG ratio of 0.79 and a beta of 0.90. 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 firm's 50 day moving average price is $21.53 and its two-hundred day moving average price is $23.32. Sirius XM Holdings Inc. has a 52 week low of $18.69 and a 52 week high of $41.60.

Sirius XM (NASDAQ:SIRI - Get Free Report) last announced 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 the consensus estimate of $2.09 billion. Sirius XM had a positive return on equity of 13.44% and a negative net margin of 24.03%. The business's quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.07 EPS. As a group, equities research analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Friday, May 9th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.95%. The ex-dividend date is Friday, May 9th. Sirius XM's dividend payout ratio (DPR) is -16.56%.

Wall Street Analyst Weigh In

SIRI has been the subject of several recent analyst reports. Guggenheim cut 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. 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. Rosenblatt Securities cut 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. Finally, 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. Six analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $26.65.

Sirius XM Company 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.