Lisanti Capital Growth LLC Acquires Shares of 12,570 Piper Sandler Companies (NYSE:PIPR)

Lisanti Capital Growth LLC bought a new position in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,570 shares of the financial services provider's stock, valued at approximately $3,770,000. Lisanti Capital Growth LLC owned about 0.07% of Piper Sandler Companies as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of PIPR. State Street Corp increased its stake in Piper Sandler Companies by 0.3% in the third quarter. State Street Corp now owns 682,430 shares of the financial services provider's stock valued at $193,680,000 after purchasing an additional 2,137 shares during the period. FMR LLC increased its position in Piper Sandler Companies by 49.0% in the 3rd quarter. FMR LLC now owns 625,048 shares of the financial services provider's stock valued at $177,395,000 after acquiring an additional 205,584 shares during the period. Geode Capital Management LLC lifted its position in Piper Sandler Companies by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 377,586 shares of the financial services provider's stock worth $107,184,000 after acquiring an additional 7,344 shares during the period. Stephens Investment Management Group LLC lifted its position in Piper Sandler Companies by 3.4% during the 4th quarter. Stephens Investment Management Group LLC now owns 214,554 shares of the financial services provider's stock worth $64,355,000 after acquiring an additional 6,970 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Piper Sandler Companies by 1.3% in 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 during the last quarter. Institutional investors and hedge funds own 72.79% of the company's stock.

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Analyst Ratings Changes

PIPR has been the subject of a number of recent analyst reports. The Goldman Sachs Group boosted their target price on shares of Piper Sandler Companies from $298.00 to $330.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. StockNews.com cut shares of Piper Sandler Companies from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th. Finally, JMP Securities reissued a "market perform" rating on shares of Piper Sandler Companies in a research note on Monday, February 3rd.

Piper Sandler Companies Stock Performance

PIPR stock traded up $6.62 during trading on Tuesday, hitting $250.91. The stock had a trading volume of 221,581 shares, compared to its average volume of 104,791. The company's 50 day moving average price is $291.07 and its two-hundred day moving average price is $302.25. The stock has a market cap of $4.45 billion, a price-to-earnings ratio of 24.55 and a beta of 1.46. Piper Sandler Companies has a 1-year low of $183.58 and a 1-year high of $351.80.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.80 earnings per share 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 prior year, the firm posted $4.03 earnings per share. As a group, sell-side analysts forecast that Piper Sandler Companies will post 14.14 earnings per share for the current fiscal year.

Piper Sandler Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.65 per share. The ex-dividend date is Tuesday, March 4th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.04%. Piper Sandler Companies's payout ratio is 25.44%.

Piper Sandler Companies 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.