PNC Financial Services Group Inc. Has $371,000 Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

PNC Financial Services Group Inc. lowered its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 5.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 67,772 shares of the company’s stock after selling 3,937 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Sirius XM were worth $371,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. GM Advisory Group LLC raised its holdings in Sirius XM by 10.0% in the 4th quarter. GM Advisory Group LLC now owns 22,003 shares of the company’s stock valued at $120,000 after acquiring an additional 2,000 shares in the last quarter. Lindbrook Capital LLC raised its stake in Sirius XM by 20.5% in the fourth quarter. Lindbrook Capital LLC now owns 12,559 shares of the company’s stock valued at $69,000 after purchasing an additional 2,139 shares in the last quarter. D.A. Davidson & CO. lifted its position in Sirius XM by 14.8% during the fourth quarter. D.A. Davidson & CO. now owns 16,949 shares of the company’s stock worth $93,000 after purchasing an additional 2,183 shares during the period. Mn Services Vermogensbeheer B.V. grew its stake in Sirius XM by 0.6% during 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. Finally, Gitterman Wealth Management LLC increased its holdings in Sirius XM by 7.2% in the 4th quarter. Gitterman Wealth Management LLC now owns 38,410 shares of the company’s stock valued at $210,000 after buying an additional 2,566 shares during the period. Institutional investors own 10.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SIRI shares. Rosenblatt Securities cut their price target on shares of Sirius XM from $4.50 to $3.40 and set a “neutral” rating for the company in a report on Wednesday, May 1st. Wells Fargo & Company reduced their target price on Sirius XM from $3.00 to $2.50 and set an “underweight” rating on the stock in a report on Wednesday, May 1st. Pivotal Research raised Sirius XM from a “hold” rating to a “buy” rating and lowered their price target for the stock from $5.05 to $4.90 in a report on Wednesday, April 24th. Guggenheim reduced their price objective on Sirius XM from $3.30 to $2.90 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Benchmark lowered their target price on Sirius XM from $7.00 to $6.50 and set a “buy” rating for the company in a research note on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Sirius XM has a consensus rating of “Hold” and an average target price of $4.11.

Sirius XM Stock Performance

SIRI stock opened at $2.83 on Friday. The company has a market capitalization of $10.89 billion, a P/E ratio of 8.58, a PEG ratio of 0.89 and a beta of 1.08. The company has a fifty day moving average price of $2.87 and a 200-day moving average price of $4.01. Sirius XM Holdings Inc. has a 52-week low of $2.45 and a 52-week high of $7.95.

Sirius XM (NASDAQ:SIRI) last announced its earnings results on Tuesday, April 30th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.13 billion. Sirius XM had a negative return on equity of 47.17% and a net margin of 14.38%. Sirius XM’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period last year, the company earned $0.06 EPS. As a group, sell-side analysts forecast that Sirius XM Holdings Inc. will post 0.31 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 29th. Shareholders of record on Friday, May 10th were issued a dividend of $0.0266 per share. The ex-dividend date was Thursday, May 9th. This represents a $0.11 annualized dividend and a yield of 3.76%. Sirius XM’s payout ratio is 33.33%.

Insider Transactions at Sirius XM

In related news, Director Kristina Salen sold 12,518 shares of Sirius XM stock in a transaction on 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 transaction, the director now owns 181,827 shares of the company’s stock, valued at $476,386.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.79% of the company’s stock.

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.