Piper Sandler Companies (NYSE:PIPR) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its stake in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 454,606 shares of the financial services provider's stock after selling 28,252 shares during the quarter. Dimensional Fund Advisors LP owned about 2.56% of Piper Sandler Companies worth $136,359,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PIPR. Barclays PLC grew its holdings 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 worth $9,174,000 after buying an additional 24,388 shares during the last quarter. Tidal Investments LLC raised its stake in shares of Piper Sandler Companies by 75.7% during the 3rd quarter. Tidal Investments LLC now owns 6,104 shares of the financial services provider's stock worth $1,732,000 after buying an additional 2,629 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Piper Sandler Companies by 27.6% in the 4th quarter. GAMMA Investing LLC now owns 277 shares of the financial services provider's stock valued at $83,000 after buying an additional 60 shares during the period. Modus Advisors LLC acquired a new stake in shares of Piper Sandler Companies in the 4th quarter valued at approximately $404,000. Finally, Oliver Luxxe Assets LLC boosted its stake in shares of Piper Sandler Companies by 5.7% in the fourth quarter. Oliver Luxxe Assets LLC now owns 11,838 shares of the financial services provider's stock valued at $3,551,000 after buying an additional 636 shares in the last quarter. Hedge funds and other institutional investors own 72.79% of the company's stock.

Piper Sandler Companies Stock Up 0.5 %

Shares of PIPR stock traded up $1.11 during mid-day trading on Monday, reaching $239.15. The stock had a trading volume of 109,718 shares, compared to its average volume of 118,488. Piper Sandler Companies has a 12-month low of $195.29 and a 12-month high of $351.80. The stock has a market cap of $4.25 billion, a P/E ratio of 23.40 and a beta of 1.38.

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 return on equity of 17.00% and a net margin of 11.87%. During the same period in the previous year, the company earned $4.03 earnings per share. On average, sell-side analysts anticipate that Piper Sandler Companies will post 14.14 earnings per share for the current year.

Piper Sandler Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date was Tuesday, March 4th. Piper Sandler Companies's dividend payout ratio is currently 25.44%.

Wall Street Analyst Weigh In

PIPR has been the subject of several research analyst reports. The Goldman Sachs Group cut their price objective on 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. StockNews.com cut Piper Sandler Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Finally, JMP Securities reiterated a "market perform" rating on shares of Piper Sandler Companies in a research report on Monday, February 3rd.

About Piper Sandler Companies

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.