Piper Sandler Companies (NYSE:PIPR) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC cut its position in Piper Sandler Companies (NYSE:PIPR - Free Report) by 4.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,618 shares of the financial services provider's stock after selling 1,737 shares during the period. Great Lakes Advisors LLC owned 0.20% of Piper Sandler Companies worth $10,684,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Arizona State Retirement System increased its position in shares of Piper Sandler Companies by 0.8% in the 4th quarter. Arizona State Retirement System now owns 5,137 shares of the financial services provider's stock valued at $1,541,000 after purchasing an additional 40 shares during the last quarter. Coldstream Capital Management Inc. increased its position in shares of Piper Sandler Companies by 2.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 1,845 shares of the financial services provider's stock valued at $524,000 after purchasing an additional 41 shares during the last quarter. OneDigital Investment Advisors LLC increased its position in shares of Piper Sandler Companies by 2.7% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,176 shares of the financial services provider's stock valued at $618,000 after purchasing an additional 58 shares during the last quarter. GAMMA Investing LLC increased its position 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 purchasing an additional 60 shares during the last quarter. Finally, MML Investors Services LLC increased its position in shares of Piper Sandler Companies by 4.3% in the 3rd quarter. MML Investors Services LLC now owns 1,790 shares of the financial services provider's stock valued at $508,000 after purchasing an additional 74 shares during the last quarter. 72.79% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

PIPR has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Piper Sandler Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. JMP Securities reaffirmed a "market perform" rating on shares of Piper Sandler Companies in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group dropped their target price on shares of Piper Sandler Companies from $321.00 to $286.00 and set a "neutral" rating on the stock in a research report on Friday.

Piper Sandler Companies Trading Up 0.8 %

Shares of NYSE PIPR traded up $2.03 during mid-day trading on Friday, reaching $254.06. The company had a trading volume of 160,100 shares, compared to its average volume of 104,988. The firm has a 50 day simple moving average of $280.51 and a two-hundred day simple moving average of $297.56. The stock has a market cap of $4.50 billion, a P/E ratio of 24.86 and a beta of 1.46. Piper Sandler Companies has a 52-week low of $183.58 and a 52-week high of $351.80.

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 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 quarter in the previous year, the company posted $4.03 earnings per share. On average, equities analysts expect 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 paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Tuesday, March 4th. Piper Sandler Companies's dividend payout ratio is currently 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.