Integrated Quantitative Investments LLC bought a new position in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,707 shares of the financial services provider's stock, valued at approximately $1,412,000. Piper Sandler Companies makes up 0.7% of Integrated Quantitative Investments LLC's portfolio, making the stock its 17th largest position.
A number of other large investors have also recently made changes to their positions in PIPR. Norges Bank bought a new stake in shares of Piper Sandler Companies during the 4th quarter valued at about $68,696,000. Vanguard Group Inc. grew its holdings in Piper Sandler Companies by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 2,063,590 shares of the financial services provider's stock worth $618,974,000 after acquiring an additional 31,400 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Piper Sandler Companies in the fourth quarter valued at about $8,097,000. Raymond James Financial Inc. purchased a new stake in shares of Piper Sandler Companies during the fourth quarter worth about $7,464,000. Finally, Barclays PLC increased its holdings in Piper Sandler Companies by 307.2% during the 3rd quarter. Barclays PLC now owns 32,328 shares of the financial services provider's stock valued at $9,174,000 after purchasing an additional 24,388 shares during the period. 72.79% of the stock is owned by institutional investors.
Piper Sandler Companies Stock Down 0.2 %
Shares of Piper Sandler Companies stock traded down $0.53 during trading hours on Wednesday, reaching $210.25. 73,024 shares of the stock traded hands, compared to its average volume of 124,193. Piper Sandler Companies has a one year low of $183.57 and a one year high of $351.80. The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of 20.57 and a beta of 1.38. The company has a 50 day moving average price of $247.44 and a 200 day moving average price of $281.38.
Piper Sandler Companies (NYSE:PIPR - Get Free Report) last announced its earnings results on Friday, January 31st. The financial services provider reported $4.80 earnings per share (EPS) for the quarter, beating 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 earnings per share. Sell-side analysts anticipate that Piper Sandler Companies will post 14.14 earnings per share for the current year.
Piper Sandler Companies Dividend Announcement
The business also recently announced 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 annualized dividend and a yield of 1.24%. Piper Sandler Companies's dividend payout ratio (DPR) is presently 25.44%.
Analyst Upgrades and Downgrades
Several research analysts have commented on the stock. The Goldman Sachs Group decreased their price objective on shares of Piper Sandler Companies from $321.00 to $286.00 and set a "neutral" rating for the company in a report on Friday, March 14th. StockNews.com downgraded shares of Piper Sandler Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Piper Sandler Companies in a research report on Monday, February 3rd.
View Our Latest Analysis 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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