IFP Advisors Inc Sells 60,712 Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI)

IFP Advisors Inc decreased its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 80.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,826 shares of the company’s stock after selling 60,712 shares during the quarter. IFP Advisors Inc’s holdings in Sirius XM were worth $338,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Union Bancaire Privee UBP SA bought a new position in shares of Sirius XM during the 4th quarter worth approximately $26,000. Wealthspire Advisors LLC lifted its position in shares of Sirius XM by 4.3% during the 4th quarter. Wealthspire Advisors LLC now owns 15,686 shares of the company’s stock worth $358,000 after buying an additional 643 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new position in shares of Sirius XM during the 4th quarter worth approximately $240,000. Hardy Reed LLC bought a new position in shares of Sirius XM during the 4th quarter worth approximately $355,000. Finally, Handelsbanken Fonder AB lifted its position in shares of Sirius XM by 7.3% during the 4th quarter. Handelsbanken Fonder AB now owns 53,061 shares of the company’s stock worth $1,210,000 after buying an additional 3,608 shares in the last quarter. Institutional investors own 10.69% of the company’s stock.

Sirius XM Stock Up 1.1 %

Sirius XM stock opened at $24.19 on Friday. Sirius XM Holdings Inc. has a 1-year low of $20.47 and a 1-year high of $45.00. The firm has a market capitalization of $8.19 billion, a price-to-earnings ratio of -3.77, a P/E/G ratio of 0.79 and a beta of 1.06. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. The firm has a 50 day simple moving average of $23.57 and a 200 day simple moving average of $25.56.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, topping 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, analysts predict that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were given a dividend of $0.27 per share. The ex-dividend date was Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.46%. Sirius XM’s dividend payout ratio (DPR) is presently -16.85%.

Wall Street Analyst Weigh In

Several research firms have commented on SIRI. Barrington Research set a $28.00 target price on shares of Sirius XM in a research report on Friday, January 31st. JPMorgan Chase & Co. lifted their target price on shares of Sirius XM from $20.00 to $21.00 and gave the stock an “underweight” rating in a research report on Thursday, November 7th. The Goldman Sachs Group decreased their price target on shares of Sirius XM from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. Rosenblatt Securities decreased their price target on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Finally, StockNews.com assumed coverage on shares of Sirius XM in a research note on Wednesday, November 13th. They set a “sell” rating for the company. Six investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $26.81.

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.