Bryce Point Capital LLC Acquires New Position in Piper Sandler Companies (NYSE:PIPR)

Bryce Point Capital LLC acquired a new stake in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,757 shares of the financial services provider's stock, valued at approximately $527,000.

Several other large investors also recently added to or reduced their stakes in the stock. Barclays PLC raised its stake in shares of Piper Sandler Companies by 307.2% during the third quarter. Barclays PLC now owns 32,328 shares of the financial services provider's stock valued at $9,174,000 after acquiring an additional 24,388 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of 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 acquiring an additional 242 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Piper Sandler Companies by 75.7% in the 3rd quarter. Tidal Investments LLC now owns 6,104 shares of the financial services provider's stock worth $1,732,000 after purchasing an additional 2,629 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Piper Sandler Companies by 22.3% during the third quarter. BNP Paribas Financial Markets now owns 9,213 shares of the financial services provider's stock valued at $2,615,000 after purchasing an additional 1,681 shares in the last quarter. Finally, IFP Advisors Inc increased its holdings in Piper Sandler Companies by 2,183.3% during the fourth quarter. IFP Advisors Inc now owns 137 shares of the financial services provider's stock valued at $43,000 after buying an additional 131 shares during the period. 72.79% of the stock is owned by hedge funds and other institutional investors.

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Piper Sandler Companies Trading Up 14.1 %

Shares of PIPR stock traded up $29.71 during mid-day trading on Wednesday, reaching $240.49. The stock had a trading volume of 382,100 shares, compared to its average volume of 115,537. Piper Sandler Companies has a 1-year low of $183.58 and a 1-year high of $351.80. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of 23.53 and a beta of 1.38. The business's fifty day moving average is $246.26 and its 200-day moving average is $279.73.

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, topping 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 quarter in the prior year, the company posted $4.03 EPS. On average, analysts forecast that Piper Sandler Companies will post 14.14 earnings per share 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 issued a $0.65 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $2.60 dividend on an annualized basis and a yield of 1.08%. Piper Sandler Companies's payout ratio is 25.44%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. StockNews.com lowered Piper Sandler Companies from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th. The Goldman Sachs Group decreased their target price on shares of Piper Sandler Companies from $321.00 to $286.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Piper Sandler Companies in a research report on Monday, February 3rd.

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.