Principal Financial Group Inc. Has $253,000 Stock Holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI)

Principal Financial Group Inc. lessened its stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 29.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,114 shares of the company’s stock after selling 4,700 shares during the period. Principal Financial Group Inc.’s holdings in Sirius XM were worth $253,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SIRI. International Assets Investment Management LLC grew its holdings in Sirius XM by 137.6% during the third quarter. International Assets Investment Management LLC now owns 5,865 shares of the company’s stock valued at $139,000 after purchasing an additional 3,397 shares during the last quarter. Nisa Investment Advisors LLC acquired a new stake in shares of Sirius XM in the third quarter worth $51,000. QRG Capital Management Inc. acquired a new stake in shares of Sirius XM in the third quarter worth $278,000. TCTC Holdings LLC acquired a new stake in shares of Sirius XM in the third quarter worth $29,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Sirius XM in the third quarter worth $318,000. Institutional investors and hedge funds own 10.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SIRI shares. StockNews.com started coverage on shares of Sirius XM in a research note on Wednesday, November 13th. They issued a “sell” rating on the stock. Rosenblatt Securities lowered their price objective on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Wells Fargo & Company lowered their price objective on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a research note on Thursday, December 19th. Seaport Res Ptn downgraded shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Finally, Barrington Research set a $28.00 price objective on shares of Sirius XM in a research note on Friday, January 31st. Six analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Sirius XM currently has a consensus rating of “Hold” and a consensus target price of $26.81.

Sirius XM Stock Up 6.2 %

Shares of NASDAQ SIRI opened at $25.23 on Friday. The stock has a market cap of $8.55 billion, a PE ratio of -3.94, a PEG ratio of 0.79 and a beta of 1.06. The business has a fifty day moving average of $23.64 and a two-hundred day moving average of $25.38. Sirius XM Holdings Inc. has a 52-week low of $20.47 and a 52-week high of $42.40. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.20. Sirius XM had a positive return on equity of 13.44% and a negative net margin of 24.03%. As a group, equities research analysts expect that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.28%. Sirius XM’s payout ratio is presently -16.85%.

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.