IFP Advisors Inc Has $3.76 Million Stock Holdings in Sirius XM Holdings Inc. $SIRI

IFP Advisors Inc increased its holdings in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 48.9% in the second quarter, Holdings Channel.com reports. The firm owned 127,271 shares of the company’s stock after purchasing an additional 41,797 shares during the quarter. IFP Advisors Inc’s holdings in Sirius XM were worth $3,760,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in Sirius XM by 82.9% in the second quarter. BlackRock Inc. now owns 17,602,229 shares of the company’s stock valued at $519,970,000 after buying an additional 7,977,045 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Sirius XM by 2,798.6% in the 2nd quarter. California State Teachers Retirement System now owns 6,286,910 shares of the company’s stock valued at $185,715,000 after purchasing an additional 6,070,016 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Sirius XM by 262.1% in the first quarter. Dimensional Fund Advisors LP now owns 6,301,181 shares of the company’s stock valued at $145,426,000 after purchasing an additional 4,560,821 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Sirius XM by 165.2% in the second quarter. AQR Capital Management LLC now owns 5,191,440 shares of the company’s stock valued at $117,327,000 after purchasing an additional 3,233,922 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Sirius XM during the fourth quarter worth about $57,124,000. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Key Sirius XM News

Here are the key news stories impacting Sirius XM this week:

• Positive Sentiment: Investors purchased 70,933 SIRI call options on September 9—about 254% above average call volume—signaling increased near-term bullish speculation. SIRI also appeared among the market’s most actively traded options. Most Active Options Report: AI, GRAB, SIRI
• Positive Sentiment: Howard Stern’s show is being promoted for an HBO Max move, including a new trailer. Broader distribution could increase Stern’s audience and visibility, potentially supporting the value of SiriusXM’s flagship content and partnership portfolio. Howard Stern’s SiriusXM Show Heads To HBO Max With New Trailer
• Neutral Sentiment: SiriusXM management participated in Goldman Sachs and Bank of America media conferences. The available reports identify presentation transcripts but provide no specific new guidance, financial targets, or strategic announcements likely to materially change valuation. Goldman Sachs Conference Transcript
• Neutral Sentiment: The reported short-interest data shows zero shares and a zero-day short-interest ratio, but the accompanying percentage increase is listed as “NaN,” making the figures unreliable and offering little usable insight into investor positioning.
• Negative Sentiment: Reports say Channel 101 was dropped following mass layoffs, while Stern’s wife addressed the show’s HBO move. Losing SiriusXM-exclusive programming could raise concerns about content reductions, employee disruption, and whether the HBO arrangement benefits SiriusXM directly. Howard Stern’s Wife Discusses HBO Move

Insider Activity at Sirius XM

In related news, Director Jonelle Procope sold 16,672 shares of the firm’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $29.97, for a total value of $499,659.84. Following the completion of the transaction, the director directly owned 18,354 shares of the company’s stock, valued at approximately $550,069.38. This trade represents a 47.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.27% of the company’s stock.

Wall Street Analyst Weigh In

SIRI has been the subject of a number of research reports. Rosenblatt Securities reiterated a “buy” rating and set a $45.00 price objective on shares of Sirius XM in a report on Tuesday, July 28th. Cantor Fitzgerald assumed coverage on Sirius XM in a research note on Wednesday, September 2nd. They issued an “overweight” rating on the stock. JPMorgan Chase & Co. upped their price target on Sirius XM from $26.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. TD Cowen cut shares of Sirius XM to a “hold” rating in a research note on Wednesday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Sirius XM from a “hold” rating to a “buy” rating and lifted their price objective for the company from $31.00 to $45.00 in a report on Wednesday, September 2nd. Nine analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Sirius XM currently has an average rating of “Hold” and a consensus price target of $32.00.

Sirius XM Price Performance

Shares of NASDAQ SIRI opened at $28.88 on Friday. The stock has a market capitalization of $9.73 billion, a price-to-earnings ratio of 11.55, a PEG ratio of 0.51 and a beta of 0.95. The business has a 50-day moving average of $29.66 and a 200-day moving average of $27.01. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.46 and a quick ratio of 0.46. Sirius XM Holdings Inc. has a fifty-two week low of $19.76 and a fifty-two week high of $32.66.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.08). The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.14 billion. Sirius XM had a net margin of 10.23% and a return on equity of 9.37%. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the company posted $0.57 earnings per share. As a group, sell-side analysts predict that Sirius XM Holdings Inc. will post 3 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Monday, August 10th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, August 10th. Sirius XM’s dividend payout ratio is presently 43.20%.

Sirius XM Company Profile

Sirius XM Holdings Inc provides subscription-based audio entertainment and information services in the United States and Canada. Its SiriusXM service delivers commercial-free music, sports, news, talk and entertainment programming through satellite radio and internet streaming, including its mobile app and connected-vehicle platforms.

The company offers a broad range of exclusive and licensed content, including live sports coverage, original talk and comedy programs, news services, podcasts, and music channels organized by genre and artist.