Piper Sandler Companies (NYSE:PIPR) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its stake in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) by 20.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,630 shares of the financial services provider's stock after selling 3,259 shares during the period. Victory Capital Management Inc. owned 0.07% of Piper Sandler Companies worth $3,788,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. State Street Corp boosted its holdings in Piper Sandler Companies by 0.3% during the 3rd quarter. State Street Corp now owns 682,430 shares of the financial services provider's stock valued at $193,680,000 after acquiring an additional 2,137 shares during the period. FMR LLC boosted its position in Piper Sandler Companies by 49.0% during the 3rd quarter. FMR LLC now owns 625,048 shares of the financial services provider's stock valued at $177,395,000 after acquiring an additional 205,584 shares in the last quarter. Geode Capital Management LLC raised its holdings in Piper Sandler Companies by 2.0% in the third quarter. Geode Capital Management LLC now owns 377,586 shares of the financial services provider's stock worth $107,184,000 after purchasing an additional 7,344 shares in the last quarter. Stephens Investment Management Group LLC increased its stake in shares of Piper Sandler Companies by 3.4% during the fourth quarter. Stephens Investment Management Group LLC now owns 214,554 shares of the financial services provider's stock valued at $64,355,000 after purchasing an additional 6,970 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Piper Sandler Companies by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 205,226 shares of the financial services provider's stock valued at $58,245,000 after buying an additional 2,689 shares in the last quarter. 72.79% of the stock is owned by institutional investors.

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Piper Sandler Companies Stock Up 2.0 %

PIPR traded up $5.11 during trading hours on Wednesday, reaching $257.90. 47,122 shares of the company's stock traded hands, compared to its average volume of 104,945. The firm has a market capitalization of $4.57 billion, a PE ratio of 25.23 and a beta of 1.46. Piper Sandler Companies has a 52-week low of $183.58 and a 52-week high of $351.80. The firm has a 50-day moving average price of $276.34 and a 200 day moving average price of $295.87.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.80 EPS for the quarter, topping 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 in the prior year, the business earned $4.03 earnings per share. Equities analysts predict that Piper Sandler Companies will post 14.14 EPS for the current fiscal year.

Piper Sandler Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Tuesday, March 4th. Piper Sandler Companies's payout ratio is presently 25.44%.

Analyst Upgrades and Downgrades

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

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.