TD Asset Management Inc Grows Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

TD Asset Management Inc raised its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRIFree Report) by 8.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 369,298 shares of the company’s stock after purchasing an additional 29,086 shares during the quarter. TD Asset Management Inc’s holdings in Sirius XM were worth $2,020,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Lindbrook Capital LLC lifted its holdings in shares of Sirius XM by 20.5% in the fourth quarter. Lindbrook Capital LLC now owns 12,559 shares of the company’s stock worth $69,000 after buying an additional 2,139 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in shares of Sirius XM by 14.8% in the fourth quarter. D.A. Davidson & CO. now owns 16,949 shares of the company’s stock worth $93,000 after buying an additional 2,183 shares in the last quarter. Mn Services Vermogensbeheer B.V. lifted its holdings in shares of Sirius XM by 0.6% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 388,200 shares of the company’s stock worth $2,123,000 after buying an additional 2,300 shares in the last quarter. Fi3 FINANCIAL ADVISORS LLC lifted its holdings in shares of Sirius XM by 9.6% in the third quarter. Fi3 FINANCIAL ADVISORS LLC now owns 27,518 shares of the company’s stock worth $124,000 after buying an additional 2,420 shares in the last quarter. Finally, Gitterman Wealth Management LLC lifted its holdings in shares of Sirius XM by 7.2% in the fourth quarter. Gitterman Wealth Management LLC now owns 38,410 shares of the company’s stock worth $210,000 after buying an additional 2,566 shares in the last quarter. 10.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SIRI has been the subject of several research analyst reports. Citigroup upgraded shares of Sirius XM from a “sell” rating to a “neutral” rating and dropped their target price for the company from $4.10 to $3.30 in a research report on Wednesday, April 24th. Wells Fargo & Company dropped their target price on shares of Sirius XM from $3.00 to $2.50 and set an “underweight” rating for the company in a research report on Wednesday, May 1st. Barrington Research reiterated an “outperform” rating and set a $4.75 target price on shares of Sirius XM in a research report on Tuesday, May 28th. Pivotal Research upgraded shares of Sirius XM from a “hold” rating to a “buy” rating and dropped their target price for the company from $5.05 to $4.90 in a research report on Wednesday, April 24th. Finally, Benchmark dropped their target price on shares of Sirius XM from $7.00 to $6.50 and set a “buy” rating for the company in a research report on Wednesday, March 27th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $4.33.

Get Our Latest Analysis on SIRI

Insider Buying and Selling

In other news, Director Kristina Salen sold 12,518 shares of the stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $2.62, for a total transaction of $32,797.16. Following the completion of the sale, the director now directly owns 181,827 shares in the company, valued at $476,386.74. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.79% of the stock is owned by insiders.

Sirius XM Stock Performance

SIRI stock opened at $2.56 on Friday. The company has a market capitalization of $9.85 billion, a PE ratio of 7.76, a price-to-earnings-growth ratio of 0.85 and a beta of 1.08. Sirius XM Holdings Inc. has a one year low of $2.52 and a one year high of $7.95. The company’s 50 day moving average price is $3.06 and its two-hundred day moving average price is $4.23.

Sirius XM (NASDAQ:SIRIGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.13 billion. Sirius XM had a net margin of 14.38% and a negative return on equity of 47.17%. The business’s revenue was up .8% compared to the same quarter last year. During the same period last year, the firm posted $0.06 earnings per share. On average, research analysts predict that Sirius XM Holdings Inc. will post 0.31 EPS for the current year.

Sirius XM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 29th. Investors of record on Friday, May 10th were paid a $0.0266 dividend. This represents a $0.11 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend was Thursday, May 9th. Sirius XM’s payout ratio is 30.30%.

About Sirius XM

(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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Institutional Ownership by Quarter for Sirius XM (NASDAQ:SIRI)

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