Northwestern Mutual Wealth Management Co. Grows Stake in Sirius XM Holdings Inc. $SIRI

Northwestern Mutual Wealth Management Co. raised its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 754.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,308 shares of the company’s stock after purchasing an additional 70,912 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Sirius XM were worth $1,606,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. swisspartners Advisors Ltd raised its position in Sirius XM by 6.3% in the fourth quarter. swisspartners Advisors Ltd now owns 389,976 shares of the company’s stock valued at $7,789,000 after purchasing an additional 23,138 shares during the period. Valeo Financial Advisors LLC raised its position in Sirius XM by 46.0% in the fourth quarter. Valeo Financial Advisors LLC now owns 15,190 shares of the company’s stock valued at $304,000 after purchasing an additional 4,784 shares during the period. Swiss Life Asset Management Ltd raised its position in Sirius XM by 88.5% in the fourth quarter. Swiss Life Asset Management Ltd now owns 17,481 shares of the company’s stock valued at $350,000 after purchasing an additional 8,207 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of Sirius XM by 35.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 19,862 shares of the company’s stock worth $397,000 after acquiring an additional 5,178 shares during the last quarter. Finally, Indivisible Partners purchased a new stake in shares of Sirius XM during the fourth quarter worth about $357,000. 10.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Guggenheim reaffirmed a “buy” rating and set a $34.00 target price (up from $29.00) on shares of Sirius XM in a research report on Friday, April 24th. Barrington Research lifted their target price on Sirius XM from $28.00 to $32.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Rosenblatt Securities dropped their target price on Sirius XM from $46.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. UBS Group set a $24.00 target price on Sirius XM in a research report on Tuesday, February 10th. Finally, Citigroup reaffirmed a “sell” rating and set a $22.00 target price (up from $19.00) on shares of Sirius XM in a research report on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $27.45.

Sirius XM Stock Up 0.1%

NASDAQ:SIRI opened at $29.67 on Thursday. The company has a market capitalization of $9.99 billion, a price-to-earnings ratio of 12.52, a price-to-earnings-growth ratio of 0.64 and a beta of 0.94. Sirius XM Holdings Inc. has a one year low of $19.76 and a one year high of $30.11. 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 debt-to-equity ratio of 0.83, a quick ratio of 0.44 and a current ratio of 0.44.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates 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 company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period last year, the firm earned $0.59 earnings per share. Sell-side analysts predict that Sirius XM Holdings Inc. will post 3.1 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Monday, May 11th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Monday, May 11th. Sirius XM’s dividend payout ratio (DPR) is 45.57%.

About Sirius XM

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.