EAM Investors LLC Has $4.10 Million Stock Holdings in Piper Sandler Companies (NYSE:PIPR)

EAM Investors LLC trimmed its position in Piper Sandler Companies (NYSE:PIPR - Free Report) by 31.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 13,683 shares of the financial services provider's stock after selling 6,388 shares during the period. EAM Investors LLC owned about 0.08% of Piper Sandler Companies worth $4,104,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in PIPR. IFP Advisors Inc boosted its holdings in Piper Sandler Companies by 2,183.3% in the fourth quarter. IFP Advisors Inc now owns 137 shares of the financial services provider's stock valued at $43,000 after acquiring an additional 131 shares during the last quarter. Allworth Financial LP raised its stake 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 worth $70,000 after buying an additional 160 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Piper Sandler Companies by 27.6% in the fourth quarter. GAMMA Investing LLC now owns 277 shares of the financial services provider's stock valued at $83,000 after buying an additional 60 shares during the period. Smartleaf Asset Management LLC boosted 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 acquiring an additional 242 shares during the last quarter. Finally, Principal Securities Inc. grew its holdings in Piper Sandler Companies by 280.9% during the 4th quarter. Principal Securities Inc. now owns 339 shares of the financial services provider's stock worth $102,000 after acquiring an additional 250 shares during the period. 72.79% of the stock is owned by institutional investors and hedge funds.

Piper Sandler Companies Trading Down 5.4 %

Shares of NYSE:PIPR traded down $12.07 during trading on Monday, hitting $213.01. 49,693 shares of the company's stock traded hands, compared to its average volume of 117,654. The company has a 50-day moving average price of $238.24 and a 200-day moving average price of $272.60. Piper Sandler Companies has a 52 week low of $184.91 and a 52 week high of $351.80. The company has a market cap of $3.79 billion, a price-to-earnings ratio of 20.84 and a beta of 1.38.

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 EPS for the quarter, topping 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 business earned $4.03 EPS. On average, analysts predict that Piper Sandler Companies will post 14.14 earnings per share for the current fiscal year.

Piper Sandler Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Tuesday, March 4th. Piper Sandler Companies's dividend payout ratio (DPR) is currently 25.44%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PIPR. JMP Securities reaffirmed a "market perform" rating on shares of Piper Sandler Companies in a research note on Monday, February 3rd. The Goldman Sachs Group lowered their target price on shares of Piper Sandler Companies from $321.00 to $286.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Finally, StockNews.com cut shares of Piper Sandler Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th.

Piper Sandler Companies 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.