Sirius XM Holdings Inc. $SIRI Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 754.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 80,308 shares of the company’s stock after purchasing an additional 70,912 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Sirius XM were worth $1,606,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its stake in Sirius XM by 36.7% in the first quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock valued at $41,000 after acquiring an additional 493 shares during the period. Aster Capital Management DIFC Ltd boosted its stake in Sirius XM by 134.6% in the third quarter. Aster Capital Management DIFC Ltd now owns 3,659 shares of the company’s stock valued at $85,000 after acquiring an additional 2,099 shares during the period. North Star Investment Management Corp. boosted its stake in Sirius XM by 1,543.7% in the fourth quarter. North Star Investment Management Corp. now owns 5,342 shares of the company’s stock valued at $107,000 after acquiring an additional 5,017 shares during the period. Tower Research Capital LLC TRC boosted its stake in Sirius XM by 139.7% in the second quarter. Tower Research Capital LLC TRC now owns 5,363 shares of the company’s stock valued at $123,000 after acquiring an additional 3,126 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in Sirius XM by 217.5% in the second quarter. EverSource Wealth Advisors LLC now owns 5,950 shares of the company’s stock valued at $137,000 after acquiring an additional 4,076 shares during the period. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Sirius XM Stock Performance

Shares of NASDAQ SIRI opened at $29.67 on Thursday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.83. The stock has a 50 day simple moving average of $25.32 and a 200-day simple moving average of $22.64. The company has a market cap of $9.99 billion, a PE ratio of 12.52, a P/E/G ratio of 0.64 and a beta of 0.94. Sirius XM Holdings Inc. has a 12-month low of $19.76 and a 12-month high of $30.11.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.02. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.07 billion. Sirius XM had a return on equity of 9.19% and a net margin of 9.86%.The business’s revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.59 earnings per share. On average, equities research analysts forecast that Sirius XM Holdings Inc. will post 3.1 EPS for the current year.

Sirius XM Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Monday, May 11th were given a dividend of $0.27 per share. The ex-dividend date was Monday, May 11th. This represents a $1.08 annualized dividend and a dividend yield of 3.6%. Sirius XM’s payout ratio is currently 45.57%.

Wall Street Analyst Weigh In

A number of brokerages have commented on SIRI. Guggenheim restated a “buy” rating and issued a $34.00 target price (up from $29.00) on shares of Sirius XM in a research note on Friday, April 24th. Citigroup restated a “sell” rating and issued a $22.00 target price (up from $19.00) on shares of Sirius XM in a research note on Monday, May 4th. JPMorgan Chase & Co. lifted their target price on Sirius XM from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Evercore set a $28.00 target price on Sirius XM in a research note on Friday, May 1st. Finally, UBS Group set a $24.00 target price on Sirius XM in a research note on Tuesday, February 10th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $27.45.

Sirius XM Profile

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.