Truist Financial Corp Takes $253,000 Position in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Truist Financial Corp purchased a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) in the 4th quarter, Holdings Channel.com reports. The firm purchased 11,094 shares of the company’s stock, valued at approximately $253,000.

Several other hedge funds have also recently added to or reduced their stakes in SIRI. Mill Creek Capital Advisors LLC boosted its stake in Sirius XM by 5.8% during the 4th quarter. Mill Creek Capital Advisors LLC now owns 15,273 shares of the company’s stock worth $348,000 after purchasing an additional 837 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Sirius XM by 574.9% in 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. Union Bancaire Privee UBP SA acquired a new position in Sirius XM during the fourth quarter worth about $26,000. Chicago Partners Investment Group LLC boosted its position in Sirius XM by 7.9% during the fourth quarter. Chicago Partners Investment Group LLC now owns 16,502 shares of the company’s stock worth $356,000 after acquiring an additional 1,202 shares during the last quarter. Finally, TCTC Holdings LLC purchased a new stake in Sirius XM during the 3rd quarter valued at about $29,000. 10.69% of the stock is owned by institutional investors and hedge funds.

Sirius XM Trading Down 1.8 %

NASDAQ SIRI opened at $23.23 on Thursday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42. The stock has a market capitalization of $7.87 billion, a P/E ratio of -3.62, a PEG ratio of 0.79 and a beta of 1.06. The firm’s 50-day moving average is $23.59 and its two-hundred day moving average is $25.43. Sirius XM Holdings Inc. has a 12 month low of $20.47 and a 12 month high of $42.50.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.83 EPS for the quarter, topping 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%. On average, sell-side analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were paid a $0.27 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.65%. Sirius XM’s payout ratio is presently -16.85%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SIRI shares. StockNews.com assumed coverage on shares of Sirius XM in a research note on Wednesday, November 13th. They issued a “sell” rating on the stock. JPMorgan Chase & Co. lifted their price objective on Sirius XM from $20.00 to $21.00 and gave the stock an “underweight” rating in a research report on Thursday, November 7th. Rosenblatt Securities dropped their target price on Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. 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, December 19th. Finally, Guggenheim lowered their price target on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $26.81.

About Sirius XM

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.