Natixis Advisors LLC Sells 2,315 Shares of Piper Sandler Companies (NYSE:PIPR)

Natixis Advisors LLC reduced its holdings in Piper Sandler Companies (NYSE:PIPR - Free Report) by 11.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,523 shares of the financial services provider's stock after selling 2,315 shares during the quarter. Natixis Advisors LLC owned 0.10% of Piper Sandler Companies worth $5,256,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. IFP Advisors Inc increased its holdings 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 worth $43,000 after purchasing an additional 131 shares in the last quarter. West Oak Capital LLC boosted its position in shares of Piper Sandler Companies by 650.0% during the fourth quarter. West Oak Capital LLC now owns 1,500 shares of the financial services provider's stock worth $45,000 after buying an additional 1,300 shares during the period. Allworth Financial LP grew its holdings in shares of Piper Sandler Companies by 238.8% during the fourth quarter. Allworth Financial LP now owns 227 shares of the financial services provider's stock worth $70,000 after buying an additional 160 shares in the last quarter. GAMMA Investing LLC raised its position 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. Finally, Smartleaf Asset Management LLC lifted its stake in Piper Sandler Companies by 336.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 314 shares of the financial services provider's stock valued at $94,000 after acquiring an additional 242 shares in the last quarter. Institutional investors and hedge funds own 72.79% of the company's stock.

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Piper Sandler Companies Trading Up 0.0 %

Shares of Piper Sandler Companies stock traded up $0.13 on Tuesday, reaching $268.70. 72,100 shares of the company were exchanged, compared to its average volume of 105,883. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 26.29 and a beta of 1.46. Piper Sandler Companies has a one year low of $183.58 and a one year high of $351.80. The company has a 50-day moving average of $267.95 and a 200 day moving average of $291.67.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last posted its quarterly 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 quarter last year, the company earned $4.03 EPS. Analysts predict that Piper Sandler Companies will post 14.14 earnings per share for the current year.

Piper Sandler Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, March 4th were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend was Tuesday, March 4th. Piper Sandler Companies's payout ratio is currently 25.44%.

Wall Street Analysts Forecast Growth

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 report on Monday, February 3rd. StockNews.com lowered shares of Piper Sandler Companies from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Finally, The Goldman Sachs Group reduced their price objective on shares of Piper Sandler Companies from $321.00 to $286.00 and set a "neutral" rating for the company in a research note on Friday, March 14th.

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.