Private Wealth Partners LLC Takes $664,000 Position in Piper Sandler Companies (NYSE:PIPR)

Private Wealth Partners LLC bought a new stake in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,215 shares of the financial services provider's stock, valued at approximately $664,000.

A number of other large investors have also recently made changes to their positions in PIPR. West Oak Capital LLC lifted its stake in Piper Sandler Companies by 650.0% in the fourth quarter. West Oak Capital LLC now owns 1,500 shares of the financial services provider's stock worth $45,000 after acquiring an additional 1,300 shares during the period. Allworth Financial LP increased its holdings in shares of Piper Sandler Companies by 238.8% during the fourth quarter. Allworth Financial LP now owns 227 shares of the financial services provider's stock valued at $70,000 after acquiring an additional 160 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Piper Sandler Companies by 27.6% during the fourth 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 in the last quarter. CWM LLC increased its holdings in shares of Piper Sandler Companies by 22.5% during the third quarter. CWM LLC now owns 310 shares of the financial services provider's stock valued at $88,000 after acquiring an additional 57 shares in the last quarter. Finally, Principal Securities Inc. increased its holdings in shares of Piper Sandler Companies by 280.9% during the fourth quarter. Principal Securities Inc. now owns 339 shares of the financial services provider's stock valued at $102,000 after acquiring an additional 250 shares in the last quarter. 72.79% of the stock is owned by hedge funds and other institutional investors.

Piper Sandler Companies Trading Down 3.2 %

Piper Sandler Companies stock traded down $9.68 during mid-day trading on Friday, hitting $288.51. The company had a trading volume of 74,240 shares, compared to its average volume of 97,412. Piper Sandler Companies has a 12-month low of $183.25 and a 12-month high of $351.80. The company's fifty day moving average is $308.84 and its 200-day moving average is $313.95. The company has a market capitalization of $5.13 billion, a price-to-earnings ratio of 28.23 and a beta of 1.46.

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 return on equity of 17.00% and a net margin of 11.87%. During the same period last year, the firm posted $4.03 EPS. As a group, sell-side analysts expect that Piper Sandler Companies will post 14.14 EPS for the current fiscal year.

Piper Sandler Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th will be given a $0.65 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $2.60 annualized dividend and a yield of 0.90%. Piper Sandler Companies's dividend payout ratio is presently 25.44%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. JMP Securities reiterated a "market perform" rating on shares of Piper Sandler Companies in a report on Monday, February 3rd. 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. Finally, StockNews.com downgraded shares of Piper Sandler Companies from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th.

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.