Precision Wealth Strategies LLC Purchases Shares of 1,357 Piper Sandler Companies (NYSE:PIPR)

Precision Wealth Strategies LLC acquired a new stake in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 1,357 shares of the financial services provider's stock, valued at approximately $407,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. West Oak Capital LLC raised its stake in shares of Piper Sandler Companies by 650.0% during the 4th quarter. West Oak Capital LLC now owns 1,500 shares of the financial services provider's stock valued at $45,000 after buying an additional 1,300 shares during the last quarter. USA Financial Formulas acquired a new stake in shares of Piper Sandler Companies during the 3rd quarter valued at about $77,000. GAMMA Investing LLC grew 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. CWM LLC grew its position in shares of Piper Sandler Companies by 22.5% during the 3rd quarter. CWM LLC now owns 310 shares of the financial services provider's stock valued at $88,000 after acquiring an additional 57 shares during the period. Finally, KBC Group NV boosted its holdings in 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 buying an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 72.79% of the company's stock.

Piper Sandler Companies Stock Up 0.5 %

NYSE PIPR traded up $1.51 during trading hours on Wednesday, hitting $321.68. 26,717 shares of the stock were exchanged, compared to its average volume of 93,180. The company has a market cap of $5.72 billion, a price-to-earnings ratio of 31.47 and a beta of 1.46. Piper Sandler Companies has a 12-month low of $177.80 and a 12-month high of $351.80. The stock has a 50-day moving average of $302.86 and a 200 day moving average of $314.09.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last released its quarterly earnings data 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 last year, the firm posted $4.03 EPS. On average, equities research analysts expect that Piper Sandler Companies will post 13.47 earnings per share for the current year.

Piper Sandler Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, March 4th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Tuesday, March 4th. Piper Sandler Companies's dividend payout ratio (DPR) is presently 25.44%.

Analysts Set New Price Targets

PIPR has been the topic of several analyst reports. JMP Securities reaffirmed a "market perform" rating on shares of Piper Sandler Companies in a research report on Monday. StockNews.com lowered Piper Sandler Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group boosted their target price on Piper Sandler Companies from $298.00 to $330.00 and gave the company a "neutral" rating in a research report on Monday.

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.