Level Four Advisory Services LLC Buys New Position in Piper Sandler Companies (NYSE:PIPR)

Level Four Advisory Services LLC purchased a new position in Piper Sandler Companies (NYSE:PIPR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,025 shares of the financial services provider's stock, valued at approximately $307,000.

Several other institutional investors have also bought and sold shares of the company. Arizona State Retirement System raised its stake in shares of Piper Sandler Companies by 0.8% in the fourth quarter. Arizona State Retirement System now owns 5,137 shares of the financial services provider's stock valued at $1,541,000 after buying an additional 40 shares during the period. Coldstream Capital Management Inc. increased its holdings in 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 worth $524,000 after acquiring an additional 41 shares during the last quarter. GAMMA Investing LLC raised 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 acquiring an additional 60 shares during the period. MML Investors Services LLC lifted its holdings in Piper Sandler Companies by 4.3% during the third 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. Finally, EverSource Wealth Advisors LLC boosted its position in Piper Sandler Companies by 30.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 375 shares of the financial services provider's stock worth $112,000 after purchasing an additional 87 shares during the period. Hedge funds and other institutional investors own 72.79% of the company's stock.

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Piper Sandler Companies Price Performance

Shares of PIPR traded down $14.40 during midday trading on Friday, hitting $215.64. 320,000 shares of the company traded hands, compared to its average volume of 113,044. Piper Sandler Companies has a one year low of $183.58 and a one year high of $351.80. The firm has a market cap of $3.82 billion, a P/E ratio of 21.10 and a beta of 1.38. The stock has a 50-day moving average of $254.46 and a 200-day moving average of $284.92.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last posted its 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 last year, the firm posted $4.03 EPS. Sell-side 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 disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, March 4th were given a $0.65 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.21%. Piper Sandler Companies's dividend payout ratio (DPR) is presently 25.44%.

Analyst Ratings Changes

Several analysts have recently issued reports 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 lowered 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 report on Friday, March 14th. Finally, StockNews.com downgraded Piper Sandler Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th.

About Piper Sandler Companies

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.