Calamos Advisors LLC Has $605,000 Stock Position in Piper Sandler Companies (NYSE:PIPR)

Calamos Advisors LLC lessened its holdings in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) by 77.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,441 shares of the financial services provider's stock after selling 8,240 shares during the quarter. Calamos Advisors LLC's holdings in Piper Sandler Companies were worth $605,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Principal Financial Group Inc. increased its position in Piper Sandler Companies by 3.8% during the first quarter. Principal Financial Group Inc. now owns 80,487 shares of the financial services provider's stock worth $19,933,000 after buying an additional 2,981 shares during the last quarter. Teacher Retirement System of Texas increased its position in Piper Sandler Companies by 177.4% during the first quarter. Teacher Retirement System of Texas now owns 24,909 shares of the financial services provider's stock worth $6,169,000 after buying an additional 15,928 shares during the last quarter. Lisanti Capital Growth LLC increased its position in Piper Sandler Companies by 37.6% during the first quarter. Lisanti Capital Growth LLC now owns 17,300 shares of the financial services provider's stock worth $4,285,000 after buying an additional 4,730 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Piper Sandler Companies by 42.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 40,114 shares of the financial services provider's stock worth $10,091,000 after buying an additional 11,984 shares during the last quarter. Finally, Illinois Municipal Retirement Fund increased its position in Piper Sandler Companies by 1.4% during the first quarter. Illinois Municipal Retirement Fund now owns 9,058 shares of the financial services provider's stock worth $2,243,000 after buying an additional 123 shares during the last quarter. Institutional investors and hedge funds own 72.79% of the company's stock.

Piper Sandler Companies Stock Performance

Shares of NYSE:PIPR traded down $4.86 during trading on Monday, reaching $288.58. 138,605 shares of the stock were exchanged, compared to its average volume of 128,614. Piper Sandler Companies has a 12 month low of $202.91 and a 12 month high of $351.80. The company has a market cap of $5.13 billion, a price-to-earnings ratio of 25.23 and a beta of 1.48. The company's 50-day moving average is $260.34.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The financial services provider reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $1.24. The business 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 18.32% and a net margin of 13.20%. The firm's revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.79 earnings per share. On average, analysts anticipate that Piper Sandler Companies will post 14.14 earnings per share for the current year.

Piper Sandler Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Friday, May 30th. Piper Sandler Companies's dividend payout ratio (DPR) is currently 22.73%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on PIPR shares. 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 report on Friday, March 14th. JMP Securities restated a "market perform" rating on shares of Piper Sandler Companies in a report on Monday, May 5th.

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.