C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Invests $3.29 Million in Piper Sandler Companies (NYSE:PIPR)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Piper Sandler Companies (NYSE:PIPR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,980 shares of the financial services provider's stock, valued at approximately $3,293,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors owned approximately 0.06% of Piper Sandler Companies as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of Piper Sandler Companies by 27.6% during the fourth quarter. GAMMA Investing LLC now owns 277 shares of the financial services provider's stock valued at $83,000 after acquiring an additional 60 shares during the last quarter. CWM LLC boosted its stake in Piper Sandler Companies by 22.5% in the 3rd quarter. CWM LLC now owns 310 shares of the financial services provider's stock worth $88,000 after buying an additional 57 shares during the last quarter. KBC Group NV boosted its stake in Piper Sandler Companies by 20.9% in the 3rd quarter. KBC Group NV now owns 550 shares of the financial services provider's stock worth $156,000 after buying an additional 95 shares during the last quarter. Blue Trust Inc. boosted its stake in Piper Sandler Companies by 486.6% in the 3rd quarter. Blue Trust Inc. now owns 657 shares of the financial services provider's stock worth $186,000 after buying an additional 545 shares during the last quarter. Finally, Concurrent Investment Advisors LLC acquired a new stake in Piper Sandler Companies in the 3rd quarter worth about $201,000. Institutional investors and hedge funds own 72.79% of the company's stock.

Piper Sandler Companies Stock Up 1.7 %

Shares of NYSE PIPR traded up $5.18 during midday trading on Friday, hitting $305.80. The stock had a trading volume of 79,700 shares, compared to its average volume of 90,364. The company has a market capitalization of $5.44 billion, a price-to-earnings ratio of 29.92 and a beta of 1.46. Piper Sandler Companies has a 1-year low of $182.84 and a 1-year high of $351.80. The company has a fifty day moving average price of $306.75 and a 200 day moving average price of $315.50.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last released its quarterly earnings data 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 last year, the company posted $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 business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors 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 annualized dividend and a dividend yield of 0.85%. Piper Sandler Companies's payout ratio is currently 25.44%.

Analyst Ratings Changes

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

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.