CANADA LIFE ASSURANCE Co Purchases 1,313 Shares of Piper Sandler Companies (NYSE:PIPR)

CANADA LIFE ASSURANCE Co lifted its position in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) by 7.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,992 shares of the financial services provider's stock after acquiring an additional 1,313 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.11% of Piper Sandler Companies worth $6,006,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PIPR. Barclays PLC lifted its holdings in shares of 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 purchasing an additional 24,388 shares in the last quarter. Tidal Investments LLC increased its position in shares of Piper Sandler Companies by 75.7% during the third quarter. Tidal Investments LLC now owns 6,104 shares of the financial services provider's stock worth $1,732,000 after acquiring an additional 2,629 shares in the last quarter. GAMMA Investing LLC lifted its position in Piper Sandler Companies by 27.6% in 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 in the last quarter. Modus Advisors LLC bought a new position in shares of Piper Sandler Companies in the fourth quarter valued at approximately $404,000. Finally, Oliver Luxxe Assets LLC grew its holdings in Piper Sandler Companies by 5.7% during the fourth quarter. Oliver Luxxe Assets LLC now owns 11,838 shares of the financial services provider's stock worth $3,551,000 after buying an additional 636 shares in the last quarter. 72.79% of the stock is owned by institutional investors and hedge funds.

Piper Sandler Companies Stock Performance

Shares of PIPR stock traded down $0.84 on Tuesday, hitting $238.50. 16,674 shares of the stock were exchanged, compared to its average volume of 118,090. The company has a market capitalization of $4.24 billion, a price-to-earnings ratio of 23.32 and a beta of 1.38. Piper Sandler Companies has a one year low of $195.29 and a one year high of $351.80.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.80 EPS for the quarter, beating 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 quarter last year, the company posted $4.03 earnings per share. Equities analysts predict that Piper Sandler Companies will post 14.14 EPS for the current year.

Piper Sandler Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, March 4th were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.09%. The ex-dividend date was Tuesday, March 4th. Piper Sandler Companies's dividend payout ratio is currently 25.44%.

Analysts Set New Price Targets

Several equities analysts have commented on PIPR shares. StockNews.com cut shares of Piper Sandler Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. The Goldman Sachs Group reduced their price target 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. Finally, JMP Securities reaffirmed 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.