TD Private Client Wealth LLC Has $457,000 Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

TD Private Client Wealth LLC increased its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 27.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 20,061 shares of the company’s stock after acquiring an additional 4,378 shares during the quarter. TD Private Client Wealth LLC’s holdings in Sirius XM were worth $457,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Union Bancaire Privee UBP SA acquired a new position in shares of Sirius XM during the fourth quarter worth $26,000. First Command Advisory Services Inc. acquired a new stake in Sirius XM in the fourth quarter valued at $30,000. Geneos Wealth Management Inc. raised its position in Sirius XM by 574.9% during the 4th 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. Gables Capital Management Inc. acquired a new position in Sirius XM during the 4th quarter worth about $43,000. Finally, Avior Wealth Management LLC grew its position in shares of Sirius XM by 670.4% in the 4th quarter. Avior Wealth Management LLC now owns 2,080 shares of the company’s stock valued at $47,000 after buying an additional 1,810 shares during the last quarter. 10.69% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SIRI. Rosenblatt Securities lowered their price objective on Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Barrington Research set a $28.00 price target on shares of Sirius XM in a research report on Friday, January 31st. Wells Fargo & Company reduced their price objective on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a research note on Thursday, December 19th. Seaport Res Ptn downgraded shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Finally, Morgan Stanley cut their price target on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a research report on Thursday, January 23rd. Six analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $26.81.

Sirius XM Stock Up 2.0 %

SIRI stock opened at $23.95 on Tuesday. The stock’s 50 day simple moving average is $23.82 and its 200 day simple moving average is $24.62. The company has a market cap of $8.11 billion, a P/E ratio of -3.74, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. Sirius XM Holdings Inc. has a fifty-two week low of $20.47 and a fifty-two week high of $41.60.

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

Sirius XM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were issued a $0.27 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.51%. Sirius XM’s dividend payout ratio is presently -16.85%.

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.