Harvest Fund Management Co. Ltd acquired a new position in Piper Sandler Companies (NYSE:PIPR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,015 shares of the financial services provider's stock, valued at approximately $605,000.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Xponance Inc. boosted its stake in shares of Piper Sandler Companies by 9.3% in the fourth quarter. Xponance Inc. now owns 1,241 shares of the financial services provider's stock valued at $372,000 after purchasing an additional 106 shares during the period. Cibc World Markets Corp purchased a new stake in shares of Piper Sandler Companies during the fourth quarter worth about $487,000. Envestnet Portfolio Solutions Inc. raised its position in shares of Piper Sandler Companies by 10.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,805 shares of the financial services provider's stock valued at $541,000 after purchasing an additional 176 shares in the last quarter. Vestcor Inc boosted its stake in shares of Piper Sandler Companies by 25.9% during the 4th quarter. Vestcor Inc now owns 5,713 shares of the financial services provider's stock valued at $1,714,000 after buying an additional 1,176 shares during the last quarter. Finally, Swiss National Bank raised its holdings in Piper Sandler Companies by 0.6% in the fourth quarter. Swiss National Bank now owns 34,800 shares of the financial services provider's stock valued at $10,438,000 after acquiring an additional 200 shares in the last quarter. 72.79% of the stock is owned by hedge funds and other institutional investors.
Piper Sandler Companies Stock Up 0.0 %
Shares of NYSE:PIPR traded up $0.13 on Tuesday, reaching $268.70. 72,126 shares of the company's stock were exchanged, compared to its average volume of 105,705. The business's 50-day moving average is $269.57 and its two-hundred day moving average is $292.00. Piper Sandler Companies has a fifty-two week low of $183.58 and a fifty-two week high of $351.80. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 26.29 and a beta of 1.46.
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, topping the consensus estimate 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 last year, the business earned $4.03 EPS. Analysts predict that Piper Sandler Companies will post 14.14 earnings per share for the current fiscal year.
Piper Sandler Companies Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, March 4th were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $2.60 dividend on an annualized basis and a yield of 0.97%. Piper Sandler Companies's dividend payout ratio is currently 25.44%.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on PIPR shares. JMP Securities reissued a "market perform" rating on shares of Piper Sandler Companies in a research report on Monday, February 3rd. The Goldman Sachs Group cut their price objective on Piper Sandler Companies from $321.00 to $286.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. Finally, StockNews.com lowered Piper Sandler Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th.
Read Our Latest Report on PIPR
Piper Sandler Companies Profile
(
Free Report)
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.
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