Piper Sandler Companies (NYSE:PIPR) Shares Sold by Sei Investments Co.

Sei Investments Co. trimmed its holdings in shares of Piper Sandler Companies (NYSE:PIPR) by 25.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,588 shares of the financial services provider’s stock after selling 16,502 shares during the quarter. Sei Investments Co.’s holdings in Piper Sandler Companies were worth $14,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Cerity Partners LLC boosted its holdings in Piper Sandler Companies by 21.3% in the third quarter. Cerity Partners LLC now owns 16,060 shares of the financial services provider’s stock worth $4,558,000 after acquiring an additional 2,819 shares in the last quarter. Barclays PLC boosted its stake in Piper Sandler Companies by 307.2% in the 3rd quarter. Barclays PLC now owns 32,328 shares of the financial services provider’s stock worth $9,174,000 after purchasing an additional 24,388 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Piper Sandler Companies by 336.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 314 shares of the financial services provider’s stock worth $94,000 after purchasing an additional 242 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake 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 valued at $58,245,000 after purchasing an additional 2,689 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Piper Sandler Companies in the third quarter worth $624,000. 72.79% of the stock is owned by institutional investors and hedge funds.

Piper Sandler Companies Price Performance

NYSE PIPR opened at $247.06 on Friday. Piper Sandler Companies has a 1 year low of $183.58 and a 1 year high of $351.80. The company has a market capitalization of $4.38 billion, a PE ratio of 24.17 and a beta of 1.46. The company has a fifty day moving average of $262.84 and a 200 day moving average of $289.27.

Piper Sandler Companies (NYSE:PIPR) last issued its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.80 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the firm posted $4.03 earnings per share. Research analysts expect that Piper Sandler Companies will post 14.14 earnings per share for the current year.

Piper Sandler Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th were paid a dividend of $0.65 per share. The ex-dividend date was Tuesday, March 4th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.05%. Piper Sandler Companies’s payout ratio is 25.44%.

Analysts Set New Price Targets

Several research firms recently issued reports on PIPR. StockNews.com downgraded Piper Sandler Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. JMP Securities reissued a “market perform” rating on shares of Piper Sandler Companies in a report on Monday, February 3rd. Finally, The Goldman Sachs Group decreased their target price on Piper Sandler Companies from $321.00 to $286.00 and set a “neutral” rating for the company in a report on Friday, March 14th.

Piper Sandler Companies Company Profile

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.