Loomis Sayles & Co. L P Has $56.53 Million Stock Position in Piper Sandler Companies (NYSE:PIPR)

Loomis Sayles & Co. L P lessened its holdings in Piper Sandler Companies (NYSE:PIPR - Free Report) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 188,475 shares of the financial services provider's stock after selling 5,508 shares during the quarter. Loomis Sayles & Co. L P owned 1.06% of Piper Sandler Companies worth $56,533,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PIPR. Cerity Partners LLC grew its position in Piper Sandler Companies by 21.3% in the third quarter. Cerity Partners LLC now owns 16,060 shares of the financial services provider's stock valued at $4,558,000 after acquiring an additional 2,819 shares during the period. Barclays PLC increased its position in shares of Piper Sandler Companies by 307.2% during the 3rd quarter. Barclays PLC now owns 32,328 shares of the financial services provider's stock worth $9,174,000 after purchasing an additional 24,388 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in 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 valued at $94,000 after purchasing an additional 242 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Piper Sandler Companies by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 205,226 shares of the financial services provider's stock valued at $58,245,000 after acquiring an additional 2,689 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Piper Sandler Companies during the 3rd quarter worth approximately $624,000. 72.79% of the stock is owned by institutional investors.

Remove Ads

Analyst Ratings Changes

PIPR has been the topic of a number of recent research reports. JMP Securities reiterated 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 cut 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, March 14th.

Piper Sandler Companies Trading Down 0.5 %

NYSE:PIPR traded down $1.20 during mid-day trading on Monday, hitting $246.29. The company had a trading volume of 23,777 shares, compared to its average volume of 114,017. Piper Sandler Companies has a fifty-two week low of $183.57 and a fifty-two week high of $351.80. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of 24.10 and a beta of 1.46. The company has a fifty day moving average price of $262.84.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.80 earnings per share for the quarter, beating 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 period in the prior year, the business posted $4.03 EPS. As a group, research analysts anticipate that Piper Sandler Companies will post 14.14 earnings per share for the current year.

Piper Sandler Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.06%. The ex-dividend date was Tuesday, March 4th. Piper Sandler Companies's dividend payout ratio is 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.