Proficio Capital Partners LLC bought a new stake in Piper Sandler Companies (NYSE:PIPR - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 26,996 shares of the financial services provider's stock, valued at approximately $8,097,000. Proficio Capital Partners LLC owned 0.15% of Piper Sandler Companies at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of PIPR. IFP Advisors Inc increased its stake in shares of Piper Sandler Companies by 2,183.3% during the fourth quarter. IFP Advisors Inc now owns 137 shares of the financial services provider's stock worth $43,000 after buying an additional 131 shares during the period. West Oak Capital LLC raised its holdings in shares of Piper Sandler Companies by 650.0% in the 4th quarter. West Oak Capital LLC now owns 1,500 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 1,300 shares in the last quarter. Allworth Financial LP lifted its position in shares of Piper Sandler Companies by 238.8% during the 4th 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 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 worth $83,000 after purchasing an additional 60 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Piper Sandler Companies by 336.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 314 shares of the financial services provider's stock valued at $94,000 after buying an additional 242 shares in the last quarter. 72.79% of the stock is owned by institutional investors and hedge funds.
Piper Sandler Companies Trading Up 2.0 %
Shares of Piper Sandler Companies stock traded up $5.11 on Wednesday, hitting $257.90. The stock had a trading volume of 51,011 shares, compared to its average volume of 115,873. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of 25.23 and a beta of 1.46. Piper Sandler Companies has a 52-week low of $183.57 and a 52-week high of $351.80. The company's 50 day moving average price is $276.34 and its 200 day moving average price is $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 earnings per share for the quarter, beating analysts' consensus estimates 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 in the previous year, the company earned $4.03 earnings per share. Analysts predict that Piper Sandler Companies will post 14.14 EPS for the current fiscal year.
Piper Sandler Companies Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th were paid a $0.65 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $2.60 annualized dividend and a dividend yield of 1.01%. Piper Sandler Companies's dividend payout ratio (DPR) is currently 25.44%.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on PIPR. JMP Securities reaffirmed a "market perform" rating on shares of Piper Sandler Companies in a research report on Monday, February 3rd. StockNews.com downgraded Piper Sandler Companies from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th. Finally, The Goldman Sachs Group reduced their price objective on shares of Piper Sandler Companies from $321.00 to $286.00 and set a "neutral" rating for the company in a research report on Friday, March 14th.
Read Our Latest 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.
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