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

IFP Advisors Inc lifted its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI) by 48.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 127,271 shares of the company’s stock after purchasing an additional 41,797 shares during the period. IFP Advisors Inc’s holdings in Sirius XM were worth $3,760,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Sunbelt Securities Inc. boosted its position in Sirius XM by 158.5% in the 1st quarter. Sunbelt Securities Inc. now owns 1,295 shares of the company’s stock valued at $30,000 after buying an additional 794 shares during the last quarter. Root Financial Partners LLC raised its position in shares of Sirius XM by 612.8% during the first quarter. Root Financial Partners LLC now owns 1,390 shares of the company’s stock worth $32,000 after acquiring an additional 1,195 shares during the last quarter. Global Retirement Partners LLC acquired a new position in shares of Sirius XM during the second quarter valued at $32,000. Rossby Financial LCC lifted its stake in shares of Sirius XM by 57.7% during the fourth quarter. Rossby Financial LCC now owns 1,621 shares of the company’s stock valued at $32,000 after acquiring an additional 593 shares during the period. Finally, Western Wealth Management LLC bought a new position in Sirius XM in the first quarter valued at about $33,000. Institutional investors own 10.69% of the company’s stock.

Insider Activity at Sirius XM

In related news, Director Jonelle Procope sold 16,672 shares of the company’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 sale, the director owned 18,354 shares in the company, valued at $550,069.38. This represents a 47.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.27% of the stock is currently owned by corporate insiders.

Sirius XM Stock Performance

Shares of SIRI stock opened at $28.88 on Friday. The stock has a market cap of $9.73 billion, a PE ratio of 11.55, a price-to-earnings-growth ratio of 0.51 and a beta of 0.95. The stock 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 one year low of $19.76 and a one year high of $32.66.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.08). The firm 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 firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 EPS. As a group, sell-side analysts expect that Sirius XM Holdings Inc. will post 3 earnings per share for the current year.

Sirius XM Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft upgraded Sirius XM from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $31.00 to $45.00 in a research report on Wednesday, September 2nd. BNP Paribas Exane cut shares of Sirius XM to a “neutral” rating in a research report on Wednesday, September 2nd. Bank of America reissued an “underperform” rating on shares of Sirius XM in a research note on Friday, July 31st. Scotiabank began coverage on shares of Sirius XM in a report on Wednesday, September 2nd. They issued an “outperform” rating on the stock. Finally, Guggenheim reaffirmed a “buy” rating and set a $35.00 target price (up from $34.00) on shares of Sirius XM in a report on Friday, July 31st. Nine equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Sirius XM currently has a consensus rating of “Hold” and a consensus target price of $32.00.

Sirius XM News Summary

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

Sirius XM 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.