EFG Asset Management North America Corp. Buys Shares of 4,143 Piper Sandler Companies (NYSE:PIPR)

EFG Asset Management North America Corp. purchased a new stake in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,143 shares of the financial services provider's stock, valued at approximately $1,246,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in Piper Sandler Companies by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 205,226 shares of the financial services provider's stock valued at $58,245,000 after purchasing an additional 2,689 shares during the last quarter. Citigroup Inc. raised its position in shares of Piper Sandler Companies by 63.4% in the 3rd quarter. Citigroup Inc. now owns 21,496 shares of the financial services provider's stock worth $6,101,000 after purchasing an additional 8,337 shares during the last quarter. 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 worth $4,558,000 after acquiring an additional 2,819 shares during the last quarter. Fisher Asset Management LLC raised its position in Piper Sandler Companies by 9.0% in the third quarter. Fisher Asset Management LLC now owns 145,321 shares of the financial services provider's stock worth $41,244,000 after acquiring an additional 11,964 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in Piper Sandler Companies in the 3rd quarter worth $624,000. Hedge funds and other institutional investors own 72.79% of the company's stock.

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Analysts Set New Price Targets

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

Piper Sandler Companies Stock Performance

Shares of NYSE:PIPR traded down $6.73 during midday trading on Friday, reaching $247.06. 132,200 shares of the company's stock traded hands, compared to its average volume of 112,009. Piper Sandler Companies has a 1 year low of $183.58 and a 1 year high of $351.80. The company has a market cap of $4.38 billion, a P/E ratio of 24.17 and a beta of 1.46. The company has a fifty day simple moving average of $262.84 and a two-hundred day simple moving average of $289.20.

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 earnings per share (EPS) for the quarter, topping 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 period in the prior year, the company earned $4.03 earnings per share. As a group, research analysts forecast that Piper Sandler Companies will post 14.14 EPS for the current fiscal year.

Piper Sandler Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, March 4th were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.05%. The ex-dividend date was Tuesday, March 4th. Piper Sandler Companies's payout ratio is 25.44%.

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.