Los Angeles Capital Management LLC Acquires Shares of 1,745 Piper Sandler Companies (NYSE:PIPR)

Los Angeles Capital Management LLC acquired a new stake in Piper Sandler Companies (NYSE:PIPR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 1,745 shares of the financial services provider's stock, valued at approximately $523,000.

Several other institutional investors and hedge funds also recently made changes to their positions in PIPR. FMR LLC raised its holdings in shares of Piper Sandler Companies by 49.0% in the third quarter. FMR LLC now owns 625,048 shares of the financial services provider's stock valued at $177,395,000 after purchasing an additional 205,584 shares during the last quarter. Fred Alger Management LLC purchased a new stake in Piper Sandler Companies in the third quarter valued at approximately $14,645,000. Barclays PLC grew its stake in Piper Sandler Companies by 307.2% in the 3rd quarter. Barclays PLC now owns 32,328 shares of the financial services provider's stock worth $9,174,000 after buying an additional 24,388 shares in the last quarter. Philadelphia Financial Management of San Francisco LLC purchased a new stake in shares of Piper Sandler Companies during the 3rd quarter valued at $6,106,000. Finally, Van ECK Associates Corp purchased a new position in shares of Piper Sandler Companies during the fourth quarter worth approximately $4,275,000. Institutional investors own 72.79% of the company's stock.

Piper Sandler Companies Stock Down 1.6 %

Shares of NYSE:PIPR traded down $4.02 on Friday, hitting $252.12. 76,169 shares of the company traded hands, compared to its average volume of 103,607. Piper Sandler Companies has a 52 week low of $183.58 and a 52 week high of $351.80. The stock has a 50 day simple moving average of $296.49 and a 200-day simple moving average of $305.40. The company has a market cap of $4.47 billion, a PE ratio of 24.64 and a beta of 1.46.

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Piper Sandler Companies (NYSE:PIPR - Get Free Report) last released its earnings results on Friday, January 31st. The financial services provider reported $4.80 earnings per share (EPS) 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 period last year, the business posted $4.03 earnings per share. As a group, sell-side 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 declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Tuesday, March 4th. Piper Sandler Companies's dividend payout ratio is presently 25.44%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PIPR. StockNews.com lowered shares of Piper Sandler Companies from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th. JMP Securities reaffirmed a "market perform" rating on shares of Piper Sandler Companies in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group increased their target price on Piper Sandler Companies from $298.00 to $330.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd.

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.