Wells Fargo & Company MN boosted its stake in Piper Sandler Companies (NYSE:PIPR - Free Report) by 29.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,483 shares of the financial services provider's stock after buying an additional 2,613 shares during the period. Wells Fargo & Company MN owned 0.06% of Piper Sandler Companies worth $3,445,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of PIPR. IFP Advisors Inc boosted its holdings in shares of Piper Sandler Companies by 2,183.3% in the fourth quarter. IFP Advisors Inc now owns 137 shares of the financial services provider's stock valued at $43,000 after acquiring an additional 131 shares in the last quarter. Allworth Financial LP lifted its position in Piper Sandler Companies by 238.8% in the fourth quarter. Allworth Financial LP now owns 227 shares of the financial services provider's stock worth $70,000 after purchasing an additional 160 shares during the period. GAMMA Investing LLC boosted its stake 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 valued at $83,000 after purchasing an additional 60 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of 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 worth $94,000 after buying an additional 242 shares in the last quarter. Finally, Principal Securities Inc. lifted its holdings in shares of Piper Sandler Companies by 280.9% in the fourth quarter. Principal Securities Inc. now owns 339 shares of the financial services provider's stock valued at $102,000 after buying an additional 250 shares during the period. Institutional investors and hedge funds own 72.79% of the company's stock.
Piper Sandler Companies Stock Up 0.6 %
Shares of NYSE:PIPR traded up $1.41 during midday trading on Friday, reaching $237.72. The company had a trading volume of 115,164 shares, compared to its average volume of 118,664. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of 23.26 and a beta of 1.38. Piper Sandler Companies has a 1-year low of $193.32 and a 1-year high of $351.80.
Piper Sandler Companies (NYSE:PIPR - Get Free Report) last announced its earnings results on Friday, January 31st. The financial services provider reported $4.80 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 in the previous year, the business earned $4.03 earnings per share. Equities analysts predict that Piper Sandler Companies will post 14.14 earnings per share for the current year.
Piper Sandler Companies Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend was Tuesday, March 4th. Piper Sandler Companies's dividend payout ratio (DPR) is currently 25.44%.
Analyst Ratings Changes
Several brokerages have commented on PIPR. JMP Securities reiterated a "market perform" rating on shares of Piper Sandler Companies in a research report on Monday, February 3rd. StockNews.com cut 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 cut their target price 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.
Check Out Our Latest Research Report on PIPR
Piper Sandler Companies Company 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
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
