Ensign Peak Advisors Inc Acquires 1,270 Shares of Piper Sandler Companies (NYSE:PIPR)

Ensign Peak Advisors Inc lifted its position in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) by 17.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,703 shares of the financial services provider's stock after acquiring an additional 1,270 shares during the period. Ensign Peak Advisors Inc's holdings in Piper Sandler Companies were worth $2,610,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Piper Sandler Companies by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 2,063,590 shares of the financial services provider's stock valued at $618,974,000 after acquiring an additional 31,400 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Piper Sandler Companies by 17.2% in the 4th quarter. Invesco Ltd. now owns 697,824 shares of the financial services provider's stock valued at $209,312,000 after purchasing an additional 102,426 shares during the period. Alliancebernstein L.P. increased its holdings in shares of Piper Sandler Companies by 2.3% in the 4th quarter. Alliancebernstein L.P. now owns 360,224 shares of the financial services provider's stock valued at $108,049,000 after purchasing an additional 8,066 shares during the period. Norges Bank acquired a new position in shares of Piper Sandler Companies in the 4th quarter valued at about $68,696,000. Finally, Stephens Investment Management Group LLC increased its holdings in shares of Piper Sandler Companies by 3.4% in the 4th quarter. Stephens Investment Management Group LLC now owns 214,554 shares of the financial services provider's stock valued at $64,355,000 after purchasing an additional 6,970 shares during the period. Institutional investors own 72.79% of the company's stock.

Piper Sandler Companies Stock Performance

NYSE:PIPR traded down $0.35 during mid-day trading on Monday, reaching $266.91. The stock had a trading volume of 140,955 shares, compared to its average volume of 122,336. Piper Sandler Companies has a fifty-two week low of $201.97 and a fifty-two week high of $351.80. The company has a market capitalization of $4.74 billion, a P/E ratio of 26.12 and a beta of 1.50.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last announced its earnings results on Friday, May 2nd. The financial services provider reported $4.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.85 by $1.24. The firm had revenue of $357.27 million during the quarter, compared to analysts' expectations of $366.99 million. Piper Sandler Companies had a return on equity of 17.00% and a net margin of 11.87%. The company's revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.79 earnings per share. As a group, sell-side analysts forecast that Piper Sandler Companies will post 14.14 earnings per share for the current fiscal year.

Piper Sandler Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.65 per share. The ex-dividend date is Friday, May 30th. This represents a $2.60 dividend on an annualized basis and a yield of 0.97%. Piper Sandler Companies's payout ratio is currently 22.73%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PIPR. JMP Securities reiterated a "market perform" rating on shares of Piper Sandler Companies in a report on Monday, May 5th. The Goldman Sachs Group dropped their price objective on Piper Sandler Companies from $321.00 to $286.00 and set a "neutral" rating on the stock in a report on Friday, March 14th.

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.