Mariner LLC Has $3.17 Million Holdings in Piper Sandler Companies (NYSE:PIPR)

Mariner LLC lifted its position in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) by 102.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,551 shares of the financial services provider's stock after purchasing an additional 5,335 shares during the quarter. Mariner LLC owned 0.06% of Piper Sandler Companies worth $3,165,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. IFP Advisors Inc boosted its stake in Piper Sandler Companies by 2,183.3% in the 4th quarter. IFP Advisors Inc now owns 137 shares of the financial services provider's stock worth $43,000 after purchasing an additional 131 shares during the period. West Oak Capital LLC raised its position in Piper Sandler Companies by 650.0% in the 4th quarter. West Oak Capital LLC now owns 1,500 shares of the financial services provider's stock valued at $45,000 after buying an additional 1,300 shares during the last quarter. Allworth Financial LP lifted its stake 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 valued at $70,000 after acquiring an additional 160 shares in the last quarter. GAMMA Investing LLC boosted its position in Piper Sandler Companies by 27.6% during the 4th quarter. GAMMA Investing LLC now owns 277 shares of the financial services provider's stock worth $83,000 after acquiring an additional 60 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake 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 acquiring an additional 242 shares in the last quarter. Institutional investors own 72.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on PIPR shares. JMP Securities reiterated a "market perform" rating on shares of Piper Sandler Companies in a research note on Monday, February 3rd. The Goldman Sachs Group reduced their price target on Piper Sandler Companies from $321.00 to $286.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. Finally, StockNews.com cut Piper Sandler Companies from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th.

Piper Sandler Companies Stock Up 0.5 %

NYSE:PIPR traded up $1.20 on Friday, hitting $237.51. The company's stock had a trading volume of 69,144 shares, compared to its average volume of 118,589. Piper Sandler Companies has a one year low of $189.30 and a one year high of $351.80. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of 23.24 and a beta of 1.38.

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 EPS 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 last year, the company posted $4.03 EPS. Equities research analysts expect that Piper Sandler Companies will post 14.14 EPS for the current year.

Piper Sandler Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.09%. Piper Sandler Companies's payout ratio is presently 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.