Allspring Global Investments Holdings LLC decreased its holdings in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) by 36.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 28,130 shares of the financial services provider's stock after selling 16,133 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.16% of Piper Sandler Companies worth $8,420,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Stephens Investment Management Group LLC raised its position in shares of 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 valued at $64,355,000 after acquiring an additional 6,970 shares during the last quarter. Calamos Advisors LLC grew its holdings in shares of Piper Sandler Companies by 4.2% in the 4th quarter. Calamos Advisors LLC now owns 10,681 shares of the financial services provider's stock valued at $3,204,000 after buying an additional 427 shares during the period. Trust Point Inc. acquired a new position in shares of Piper Sandler Companies in the 4th quarter valued at $225,000. Precision Wealth Strategies LLC acquired a new position in shares of Piper Sandler Companies in the 4th quarter valued at $407,000. Finally, KBC Group NV grew its holdings in shares of Piper Sandler Companies by 39.6% in the 4th quarter. KBC Group NV now owns 768 shares of the financial services provider's stock valued at $230,000 after buying an additional 218 shares during the period. Institutional investors own 72.79% of the company's stock.
Piper Sandler Companies Stock Performance
NYSE PIPR traded down $10.22 on Friday, reaching $287.97. The company had a trading volume of 148,311 shares, compared to its average volume of 99,794. The firm has a market capitalization of $5.12 billion, a price-to-earnings ratio of 28.18 and a beta of 1.46. Piper Sandler Companies has a 1-year low of $183.25 and a 1-year high of $351.80. The company's fifty day moving average is $308.84 and its 200-day moving average is $313.95.
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 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 previous year, the firm posted $4.03 EPS. On average, research analysts forecast that Piper Sandler Companies will post 14.14 earnings per share for the current year.
Piper Sandler Companies Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $2.60 annualized dividend and a yield of 0.90%. Piper Sandler Companies's dividend payout ratio (DPR) is presently 25.44%.
Analyst Upgrades and Downgrades
PIPR has been the subject of several research analyst reports. StockNews.com lowered shares of Piper Sandler Companies from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th. The Goldman Sachs Group boosted their price target on shares of Piper Sandler Companies from $298.00 to $330.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Finally, JMP Securities reissued a "market perform" rating on shares of Piper Sandler Companies in a report on Monday, February 3rd.
Check Out Our Latest Report on Piper Sandler Companies
Piper Sandler Companies Profile
(
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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