Piper Sandler Companies (NYSE:PIPR) Shares Purchased by Alliancebernstein L.P.

Alliancebernstein L.P. increased its holdings in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) by 2.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 360,224 shares of the financial services provider's stock after acquiring an additional 8,066 shares during the period. Alliancebernstein L.P. owned approximately 2.03% of Piper Sandler Companies worth $108,049,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. IFP Advisors Inc grew its stake in shares of 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 during the period. Allworth Financial LP boosted its holdings in 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 lifted its position in shares of Piper Sandler Companies by 27.6% during the 4th quarter. GAMMA Investing LLC now owns 277 shares of the financial services provider's stock valued at $83,000 after acquiring an additional 60 shares during the period. Smartleaf Asset Management LLC boosted 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. Finally, Principal Securities Inc. grew its holdings in shares of Piper Sandler Companies by 280.9% in the 4th quarter. Principal Securities Inc. now owns 339 shares of the financial services provider's stock worth $102,000 after acquiring an additional 250 shares during the period. Hedge funds and other institutional investors own 72.79% of the company's stock.

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Analyst Ratings Changes

A number of analysts have commented on the company. The Goldman Sachs Group decreased their target price on 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. StockNews.com lowered shares of Piper Sandler Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Finally, JMP Securities restated a "market perform" rating on shares of Piper Sandler Companies in a report on Monday, February 3rd.

Piper Sandler Companies Stock Down 2.7 %

Shares of NYSE PIPR traded down $5.76 during trading on Monday, reaching $211.24. The company had a trading volume of 69,919 shares, compared to its average volume of 112,910. Piper Sandler Companies has a twelve month low of $183.58 and a twelve month high of $351.80. The business's 50-day simple moving average is $254.46. The stock has a market capitalization of $3.75 billion, a PE ratio of 20.67 and a beta of 1.38.

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

Piper Sandler Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, March 4th were given a dividend of $0.65 per share. The ex-dividend date was Tuesday, March 4th. This represents a $2.60 dividend on an annualized basis and a yield of 1.23%. Piper Sandler Companies's dividend payout ratio (DPR) is currently 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.