New York State Teachers Retirement System cut its stake in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) by 3.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,949 shares of the financial services provider's stock after selling 1,100 shares during the period. New York State Teachers Retirement System owned approximately 0.16% of Piper Sandler Companies worth $8,683,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in PIPR. West Oak Capital LLC raised its stake 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 purchasing an additional 1,300 shares during the last quarter. GAMMA Investing LLC increased 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 buying an additional 60 shares during the period. CWM LLC raised its position in Piper Sandler Companies by 22.5% during the 3rd quarter. CWM LLC now owns 310 shares of the financial services provider's stock worth $88,000 after buying an additional 57 shares during the last quarter. KBC Group NV lifted its stake in shares of Piper Sandler Companies by 20.9% in the 3rd quarter. KBC Group NV now owns 550 shares of the financial services provider's stock worth $156,000 after acquiring an additional 95 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of Piper Sandler Companies by 486.6% in the third quarter. Blue Trust Inc. now owns 657 shares of the financial services provider's stock valued at $186,000 after acquiring an additional 545 shares in the last quarter. 72.79% of the stock is owned by institutional investors and hedge funds.
Piper Sandler Companies Trading Down 3.4 %
Shares of NYSE:PIPR traded down $10.22 on Friday, reaching $287.97. 148,311 shares of the company were exchanged, compared to its average volume of 99,794. The company has a 50-day moving average of $308.84 and a 200-day moving average of $313.95. The firm has a market cap of $5.12 billion, a price-to-earnings ratio of 28.18 and a beta of 1.46. Piper Sandler Companies has a 1-year low of $183.25 and a 1-year high of $351.80.
Piper Sandler Companies (NYSE:PIPR - Get Free Report) last issued its earnings results on Friday, January 31st. The financial services provider reported $4.80 earnings per share 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. As a group, analysts forecast that Piper Sandler Companies will post 14.14 earnings per share for the current year.
Piper Sandler Companies Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, March 4th will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Tuesday, March 4th. Piper Sandler Companies's payout ratio is currently 25.44%.
Analyst Upgrades and Downgrades
PIPR has been the subject of several analyst reports. The Goldman Sachs Group increased their price target on shares of Piper Sandler Companies from $298.00 to $330.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. JMP Securities reissued a "market perform" rating on shares of Piper Sandler Companies in a research note on Monday, February 3rd. Finally, StockNews.com downgraded Piper Sandler Companies from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th.
Check Out Our Latest Report on PIPR
Piper Sandler Companies Profile
(
Free Report)
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.
Further Reading
Before you consider Piper Sandler Companies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Piper Sandler Companies wasn't on the list.
While Piper Sandler Companies currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
