Ameriprise Financial Inc. Has $1.16 Million Stake in Sirius XM Holdings Inc. (SIRI)
Ameriprise Financial Inc. increased its position in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 0.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,013 shares of the company’s stock after buying an additional 1,753 shares during the period. Ameriprise Financial Inc.’s holdings in Sirius XM Holdings were worth $1,159,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in Sirius XM Holdings by 27.8% in the first quarter. Bank of New York Mellon Corp now owns 12,852,072 shares of the company’s stock worth $66,189,000 after buying an additional 2,792,456 shares during the period. Old Mutual Global Investors UK Ltd. bought a new position in Sirius XM Holdings during the first quarter worth $55,871,000. APG Asset Management N.V. raised its position in Sirius XM Holdings by 54.5% in the first quarter. APG Asset Management N.V. now owns 9,038,262 shares of the company’s stock worth $46,547,000 after buying an additional 3,187,400 shares during the period. Swiss National Bank raised its position in Sirius XM Holdings by 21.0% in the first quarter. Swiss National Bank now owns 5,983,558 shares of the company’s stock worth $30,815,000 after buying an additional 1,038,700 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in Sirius XM Holdings by 0.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,799,173 shares of the company’s stock worth $29,866,000 after buying an additional 52,127 shares during the period. 22.14% of the stock is currently owned by institutional investors.
Sirius XM Holdings Inc. (NASDAQ:SIRI) opened at 5.46 on Tuesday. The firm has a market cap of $25.47 billion, a price-to-earnings ratio of 34.12 and a beta of 1.11. The stock has a 50 day moving average price of $5.16 and a 200 day moving average price of $4.96. Sirius XM Holdings Inc. has a 52 week low of $4.05 and a 52 week high of $5.53.
Sirius XM Holdings (NASDAQ:SIRI) last posted its quarterly earnings data on Thursday, April 27th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.04. Sirius XM Holdings had a negative return on equity of 104.00% and a net margin of 15.24%. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the firm earned $0.03 earnings per share. The business’s revenue was up 7.7% on a year-over-year basis. Equities research analysts expect that Sirius XM Holdings Inc. will post $0.18 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 10th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Tuesday, August 8th. Sirius XM Holdings’s dividend payout ratio (DPR) is 26.67%.
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SIRI has been the topic of a number of recent research reports. Barclays PLC lowered Sirius XM Holdings from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $5.16 to $4.90 in a research note on Wednesday, March 22nd. Vetr lowered Sirius XM Holdings from a “strong-buy” rating to a “buy” rating and set a $6.06 price objective on the stock. in a research note on Monday. Zacks Investment Research lowered Sirius XM Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Finally, Bank of America Corporation reissued a “buy” rating and set a $5.50 price objective on shares of Sirius XM Holdings in a research note on Friday, June 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $5.25.
Sirius XM Holdings Company Profile
Sirius XM Radio Inc broadcasts its music, sports, entertainment, comedy, talk, news, traffic and weather channels in the United States on a subscription fee basis through its two satellite radio systems. Subscribers can also receive certain of its music and other channels over the Internet, including through applications for mobile devices.
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