Xponance Inc. Purchases 106 Shares of Piper Sandler Companies (NYSE:PIPR)

Xponance Inc. grew its position in Piper Sandler Companies (NYSE:PIPR) by 9.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,241 shares of the financial services provider’s stock after buying an additional 106 shares during the quarter. Xponance Inc.’s holdings in Piper Sandler Companies were worth $372,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its position in Piper Sandler Companies by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 205,226 shares of the financial services provider’s stock worth $58,245,000 after acquiring an additional 2,689 shares during the last quarter. Citigroup Inc. lifted its position in shares of Piper Sandler Companies by 63.4% in the third quarter. Citigroup Inc. now owns 21,496 shares of the financial services provider’s stock worth $6,101,000 after purchasing an additional 8,337 shares in the last quarter. Cerity Partners LLC boosted its holdings in Piper Sandler Companies by 21.3% during the third quarter. Cerity Partners LLC now owns 16,060 shares of the financial services provider’s stock worth $4,558,000 after purchasing an additional 2,819 shares during the last quarter. Fisher Asset Management LLC grew its position in Piper Sandler Companies by 9.0% in the third quarter. Fisher Asset Management LLC now owns 145,321 shares of the financial services provider’s stock valued at $41,244,000 after purchasing an additional 11,964 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Piper Sandler Companies in the 3rd quarter valued at $624,000. 72.79% of the stock is owned by institutional investors and hedge funds.

Piper Sandler Companies Price Performance

Piper Sandler Companies stock opened at $263.79 on Thursday. The company’s 50-day moving average is $266.26 and its 200-day moving average is $290.87. The firm has a market capitalization of $4.68 billion, a PE ratio of 25.81 and a beta of 1.46. Piper Sandler Companies has a fifty-two week low of $183.58 and a fifty-two week high of $351.80.

Piper Sandler Companies (NYSE:PIPR) last announced its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.80 earnings per share for the quarter, topping analysts’ consensus estimates of $3.99 by $0.81. Piper Sandler Companies had a return on equity of 17.00% and a net margin of 11.87%. During the same quarter in the prior year, the firm earned $4.03 EPS. As a group, analysts expect that Piper Sandler Companies will post 14.14 EPS for the current year.

Piper Sandler Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.99%. Piper Sandler Companies’s payout ratio is 25.44%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. StockNews.com cut Piper Sandler Companies from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. JMP Securities restated a “market perform” rating on shares of Piper Sandler Companies in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group dropped their price objective on Piper Sandler Companies from $321.00 to $286.00 and set a “neutral” rating on the stock in a research note on Friday, March 14th.

About Piper Sandler Companies

Piper Sandler Companies operates as an investment bank and institutional securities firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally. It offers investment banking services and institutional sales, trading, and research services for various equity and fixed income products; advisory services, such as mergers and acquisitions, equity and debt private placements, and debt and restructuring advisory; raises capital through equity and debt financings; underwrites municipal issuances; and municipal financial advisory and loan placement services, as well as various over-the-counter derivative products.