Renaissance Technologies LLC Sells 1,700 Shares of Piper Sandler Companies (NYSE:PIPR)

Renaissance Technologies LLC lessened its holdings in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,995 shares of the financial services provider's stock after selling 1,700 shares during the quarter. Renaissance Technologies LLC owned approximately 0.25% of Piper Sandler Companies worth $13,196,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Barclays PLC increased its position in Piper Sandler Companies by 307.2% in the 3rd quarter. Barclays PLC now owns 32,328 shares of the financial services provider's stock worth $9,174,000 after buying an additional 24,388 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of 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 worth $94,000 after acquiring an additional 242 shares during the last quarter. Tidal Investments LLC raised its stake in Piper Sandler Companies by 75.7% during the 3rd quarter. Tidal Investments LLC now owns 6,104 shares of the financial services provider's stock valued at $1,732,000 after purchasing an additional 2,629 shares during the last quarter. IFP Advisors Inc boosted its holdings in Piper Sandler Companies by 2,183.3% in the 4th quarter. IFP Advisors Inc now owns 137 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 131 shares during the period. Finally, Park Avenue Securities LLC grew its position in Piper Sandler Companies by 46.9% in the 4th quarter. Park Avenue Securities LLC now owns 3,103 shares of the financial services provider's stock worth $931,000 after purchasing an additional 990 shares during the last quarter. 72.79% of the stock is currently owned by institutional investors and hedge funds.

Piper Sandler Companies Trading Down 4.3 %

Shares of PIPR stock traded down $9.72 on Monday, hitting $215.36. The stock had a trading volume of 24,661 shares, compared to its average volume of 117,560. The firm has a market cap of $3.83 billion, a P/E ratio of 21.07 and a beta of 1.38. Piper Sandler Companies has a twelve month low of $184.91 and a twelve month high of $351.80. The company has a fifty day moving average price of $238.24 and a two-hundred day moving average price of $272.60.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last released its quarterly earnings results 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 return on equity of 17.00% and a net margin of 11.87%. During the same quarter last year, the company earned $4.03 EPS. On average, analysts expect that Piper Sandler Companies will post 14.14 earnings per share for the current year.

Piper Sandler Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Tuesday, March 4th. Piper Sandler Companies's dividend payout ratio is presently 25.44%.

Wall Street Analyst Weigh In

PIPR has been the subject of a number of research reports. The Goldman Sachs Group reduced their price objective on 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. StockNews.com cut 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.

About Piper Sandler Companies

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.