New Age Alpha Advisors LLC acquired a new stake in Piper Sandler Companies (NYSE:PIPR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,627 shares of the financial services provider's stock, valued at approximately $488,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arizona State Retirement System lifted its stake in shares of Piper Sandler Companies by 0.8% in the 4th quarter. Arizona State Retirement System now owns 5,137 shares of the financial services provider's stock valued at $1,541,000 after acquiring an additional 40 shares during the last quarter. Coldstream Capital Management Inc. raised its stake in shares of Piper Sandler Companies by 2.3% during the third quarter. Coldstream Capital Management Inc. now owns 1,845 shares of the financial services provider's stock valued at $524,000 after acquiring an additional 41 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Piper Sandler Companies by 27.6% during the 4th quarter. GAMMA Investing LLC now owns 277 shares of the financial services provider's stock worth $83,000 after buying an additional 60 shares during the period. MML Investors Services LLC lifted its stake in shares of Piper Sandler Companies by 4.3% in the third quarter. MML Investors Services LLC now owns 1,790 shares of the financial services provider's stock worth $508,000 after acquiring an additional 74 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in Piper Sandler Companies by 30.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 375 shares of the financial services provider's stock valued at $112,000 after acquiring an additional 87 shares during the last quarter. Institutional investors own 72.79% of the company's stock.
Piper Sandler Companies Price Performance
Piper Sandler Companies stock traded down $14.40 during midday trading on Friday, reaching $215.64. The stock had a trading volume of 320,000 shares, compared to its average volume of 113,044. The company has a market cap of $3.82 billion, a P/E ratio of 21.10 and a beta of 1.38. Piper Sandler Companies has a 12 month low of $183.58 and a 12 month high of $351.80. The business has a fifty day moving average price of $254.46.
Piper Sandler Companies (NYSE:PIPR - Get Free Report) last posted its earnings results on Friday, January 31st. The financial services provider reported $4.80 EPS for the quarter, topping the consensus estimate 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 quarter in the prior year, the firm earned $4.03 earnings per share. On average, equities analysts expect that Piper Sandler Companies will post 14.14 EPS for the current year.
Piper Sandler Companies Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, March 4th were given a dividend of $0.65 per share. The ex-dividend date was Tuesday, March 4th. This represents a $2.60 annualized dividend and a dividend yield of 1.21%. Piper Sandler Companies's payout ratio is 25.44%.
Analyst Ratings Changes
PIPR has been the subject of a number of recent analyst reports. JMP Securities reiterated a "market perform" rating on shares of Piper Sandler Companies in a 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 cut their price target on Piper Sandler Companies from $321.00 to $286.00 and set a "neutral" rating on the stock in a report on Friday, March 14th.
Read Our Latest Research Report on Piper Sandler Companies
About Piper Sandler Companies
(
Free Report)
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.
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