Amundi Grows Stock Position in Piper Sandler Companies (NYSE:PIPR)

Amundi increased its position in Piper Sandler Companies (NYSE:PIPR - Free Report) by 194.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,202 shares of the financial services provider's stock after buying an additional 5,415 shares during the period. Amundi's holdings in Piper Sandler Companies were worth $2,440,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Cerity Partners LLC raised its holdings in Piper Sandler Companies by 21.3% in the 3rd quarter. Cerity Partners LLC now owns 16,060 shares of the financial services provider's stock valued at $4,558,000 after acquiring an additional 2,819 shares during the last quarter. Barclays PLC grew its position in shares of Piper Sandler Companies by 307.2% in the third quarter. Barclays PLC now owns 32,328 shares of the financial services provider's stock valued at $9,174,000 after purchasing an additional 24,388 shares during the period. Smartleaf Asset Management LLC increased its stake in Piper Sandler Companies by 336.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 314 shares of the financial services provider's stock valued at $94,000 after purchasing an additional 242 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Piper Sandler Companies by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 205,226 shares of the financial services provider's stock worth $58,245,000 after buying an additional 2,689 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Piper Sandler Companies in the 3rd quarter worth about $624,000. Hedge funds and other institutional investors own 72.79% of the company's stock.

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Piper Sandler Companies Stock Down 0.1 %

Shares of NYSE PIPR traded down $0.35 during midday trading on Thursday, hitting $257.35. The stock had a trading volume of 76,829 shares, compared to its average volume of 104,977. 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 $4.56 billion, a price-to-earnings ratio of 25.18 and a beta of 1.46. The company has a fifty day moving average price of $274.68 and a 200 day moving average price of $294.92.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.80 earnings per share for the quarter, beating 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 quarter in the previous year, the business earned $4.03 EPS. On average, research analysts forecast that Piper Sandler Companies will post 14.14 EPS for the current year.

Piper Sandler Companies Dividend Announcement

The firm also recently declared 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 of this dividend was Tuesday, March 4th. This represents a $2.60 dividend on an annualized basis and a yield of 1.01%. Piper Sandler Companies's dividend payout ratio (DPR) is 25.44%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PIPR. StockNews.com lowered shares of Piper Sandler Companies from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th. JMP Securities reaffirmed a "market perform" rating on shares of Piper Sandler Companies in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group lowered their price objective on shares of Piper Sandler Companies from $321.00 to $286.00 and set a "neutral" rating for the company in a research note 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.