Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,856 shares of the company’s stock after purchasing an additional 630 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Sirius XM were worth $339,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Union Bancaire Privee UBP SA purchased a new stake in Sirius XM during the fourth quarter worth about $26,000. First Command Advisory Services Inc. purchased a new stake in Sirius XM during the fourth quarter worth about $30,000. Geneos Wealth Management Inc. boosted its holdings in Sirius XM by 574.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock worth $31,000 after buying an additional 1,144 shares in the last quarter. Avior Wealth Management LLC boosted its holdings in Sirius XM by 670.4% during the fourth quarter. Avior Wealth Management LLC now owns 2,080 shares of the company’s stock worth $47,000 after buying an additional 1,810 shares in the last quarter. Finally, Larson Financial Group LLC boosted its holdings in Sirius XM by 139.8% during the third quarter. Larson Financial Group LLC now owns 3,187 shares of the company’s stock worth $75,000 after buying an additional 1,858 shares in the last quarter. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Sirius XM Stock Up 1.9 %

Shares of SIRI opened at $23.47 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93. The firm has a market cap of $7.95 billion, a PE ratio of -3.66, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. The company’s fifty day moving average is $23.76 and its two-hundred day moving average is $24.74. 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 earnings results on Thursday, January 30th. The company reported $0.83 earnings per share 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%. Analysts forecast that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a yield of 4.60%. Sirius XM’s dividend payout ratio is currently -16.85%.

Analysts Set New Price Targets

A number of research firms recently commented on SIRI. Seaport Res Ptn downgraded shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Wells Fargo & Company reduced their price target on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a report on Thursday, December 19th. Barrington Research set a $28.00 price target on shares of Sirius XM in a report on Friday, January 31st. Guggenheim reduced their price target on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Finally, Rosenblatt Securities reduced their price target on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Six analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $26.81.

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.