Stifel Financial Corp Has $1.58 Million Stock Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Stifel Financial Corp decreased its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 75.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 66,698 shares of the company’s stock after selling 202,622 shares during the period. Stifel Financial Corp’s holdings in Sirius XM were worth $1,577,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Coston McIsaac & Partners increased its holdings in Sirius XM by 113.5% in the third quarter. Coston McIsaac & Partners now owns 1,174 shares of the company’s stock valued at $27,000 after purchasing an additional 624 shares during the last quarter. TCTC Holdings LLC acquired a new stake in shares of Sirius XM in the 3rd quarter valued at approximately $29,000. Princeton Global Asset Management LLC grew its holdings in Sirius XM by 2,683.7% during the third quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company’s stock valued at $32,000 after purchasing an additional 1,315 shares during the period. Plato Investment Management Ltd acquired a new position in Sirius XM during the second quarter valued at approximately $35,000. Finally, Riverview Capital Advisers LLC bought a new stake in Sirius XM in the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 10.69% of the company’s stock.

Wall Street Analyst Weigh In

SIRI has been the subject of several research analyst reports. The Goldman Sachs Group decreased their price objective on Sirius XM from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. StockNews.com started coverage on shares of Sirius XM in a report on Wednesday, November 13th. They issued a “sell” rating on the stock. Benchmark reiterated a “buy” rating and issued a $43.00 price target on shares of Sirius XM in a research report on Tuesday, October 15th. Wells Fargo & Company cut their target price on Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a research note on Thursday. Finally, Bank of America reiterated an “underperform” rating and set a $23.00 price target on shares of Sirius XM in a report on Thursday, October 24th. Six research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Sirius XM presently has a consensus rating of “Hold” and an average target price of $27.58.

Insider Activity at Sirius XM

In other Sirius XM news, major shareholder Berkshire Hathaway Inc acquired 1,259,259 shares of Sirius XM stock in a transaction that occurred on Friday, October 11th. The stock was acquired at an average cost of $24.95 per share, for a total transaction of $31,418,512.05. Following the purchase, the insider now owns 108,719,088 shares of the company’s stock, valued at approximately $2,712,541,245.60. This represents a 1.17 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders acquired 2,646,761 shares of company stock valued at $65,952,329. 0.79% of the stock is owned by insiders.

Sirius XM Stock Performance

Shares of Sirius XM stock opened at $23.08 on Friday. The firm has a market capitalization of $7.83 billion, a price-to-earnings ratio of -3.64 and a beta of 1.03. The business has a 50-day simple moving average of $26.16 and a 200 day simple moving average of $28.36. Sirius XM Holdings Inc. has a one year low of $20.47 and a one year high of $56.80. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37.

Sirius XM Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th were paid a $0.27 dividend. This is a positive change from Sirius XM’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $1.08 annualized dividend and a dividend yield of 4.68%. Sirius XM’s dividend payout ratio is presently -17.03%.

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.