Piper Sandler Companies (NYSE:PIPR) Shares Purchased by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC lifted its position in shares of Piper Sandler Companies (NYSE:PIPR) by 3.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 214,554 shares of the financial services provider’s stock after buying an additional 6,970 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Piper Sandler Companies were worth $64,355,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of PIPR. GAMMA Investing LLC grew its position in shares of Piper Sandler Companies by 27.6% in the fourth quarter. GAMMA Investing LLC now owns 277 shares of the financial services provider’s stock valued at $83,000 after purchasing an additional 60 shares during the period. CWM LLC grew its stake in shares of Piper Sandler Companies by 22.5% during the 3rd quarter. CWM LLC now owns 310 shares of the financial services provider’s stock valued at $88,000 after buying an additional 57 shares during the period. KBC Group NV raised its position in shares of Piper Sandler Companies by 20.9% in the 3rd quarter. KBC Group NV now owns 550 shares of the financial services provider’s stock worth $156,000 after buying an additional 95 shares during the period. Blue Trust Inc. grew its position in Piper Sandler Companies by 486.6% during the third quarter. Blue Trust Inc. now owns 657 shares of the financial services provider’s stock valued at $186,000 after acquiring an additional 545 shares during the period. Finally, Concurrent Investment Advisors LLC acquired a new position in shares of Piper Sandler Companies in the 3rd quarter valued at about $201,000. Hedge funds and other institutional investors own 72.79% of the company’s stock.

Piper Sandler Companies Trading Down 2.0 %

NYSE PIPR opened at $313.12 on Friday. The stock has a market cap of $5.57 billion, a P/E ratio of 30.64 and a beta of 1.46. The company’s fifty day simple moving average is $305.09 and its 200-day simple moving average is $315.81. Piper Sandler Companies has a 52 week low of $177.80 and a 52 week high of $351.80.

Piper Sandler Companies (NYSE:PIPR) last issued its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.80 EPS for the quarter, topping analysts’ consensus estimates of $3.99 by $0.81. Piper Sandler Companies had a net margin of 11.87% and a return on equity of 17.00%. During the same period last year, the company posted $4.03 EPS. On average, research analysts expect that Piper Sandler Companies will post 14.14 EPS for the current fiscal year.

Piper Sandler Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, March 4th will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Tuesday, March 4th. Piper Sandler Companies’s dividend payout ratio is currently 25.44%.

Analysts Set New Price Targets

A number of research analysts have weighed in on PIPR shares. JMP Securities reaffirmed a “market perform” rating on shares of Piper Sandler Companies in a research report on Monday, February 3rd. StockNews.com downgraded Piper Sandler Companies from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, The Goldman Sachs Group boosted their price objective on Piper Sandler Companies from $298.00 to $330.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd.

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.