KLP Kapitalforvaltning AS Buys Shares of 3,600 Piper Sandler Companies (NYSE:PIPR)

KLP Kapitalforvaltning AS acquired 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 and Exchange Commission (SEC). The institutional investor acquired 3,600 shares of the financial services provider's stock, valued at approximately $1,080,000.

A number of other large investors have also recently made changes to their positions in the business. IFP Advisors Inc lifted its stake in Piper Sandler Companies by 2,183.3% during the 4th quarter. IFP Advisors Inc now owns 137 shares of the financial services provider's stock valued at $43,000 after acquiring an additional 131 shares in the last quarter. Allworth Financial LP grew its position in Piper Sandler Companies by 238.8% in the 4th quarter. Allworth Financial LP now owns 227 shares of the financial services provider's stock worth $70,000 after purchasing an additional 160 shares in the last quarter. GAMMA Investing LLC increased its stake in 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 last quarter. Smartleaf Asset Management LLC lifted its position in shares of Piper Sandler Companies by 336.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 314 shares of the financial services provider's stock worth $94,000 after buying an additional 242 shares in the last quarter. Finally, Principal Securities Inc. boosted its stake in shares of Piper Sandler Companies by 280.9% in the 4th quarter. Principal Securities Inc. now owns 339 shares of the financial services provider's stock worth $102,000 after buying an additional 250 shares during the last quarter. 72.79% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

A number of analysts recently commented on the company. JMP Securities reaffirmed a "market perform" rating on shares of Piper Sandler Companies in a research report on Monday, February 3rd. StockNews.com lowered Piper Sandler Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group lowered their target price 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.

Piper Sandler Companies Price Performance

Shares of Piper Sandler Companies stock traded down $29.00 on Thursday, reaching $229.97. 163,800 shares of the company traded hands, compared to its average volume of 112,773. The company has a 50 day moving average of $257.41 and a 200 day moving average of $286.41. Piper Sandler Companies has a 52 week low of $183.58 and a 52 week high of $351.80. The firm has a market capitalization of $4.08 billion, a PE ratio of 22.50 and a beta of 1.38.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.80 EPS for the quarter, beating the consensus estimate 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 prior year, the business earned $4.03 EPS. As a group, 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 disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, March 4th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Tuesday, March 4th. Piper Sandler Companies's dividend payout ratio (DPR) is currently 25.44%.

Piper Sandler Companies 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.