GW&K Investment Management LLC Has $80.11 Million Position in Piper Sandler Companies (NYSE:PIPR)

GW&K Investment Management LLC increased its holdings in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) by 0.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 323,483 shares of the financial services provider's stock after acquiring an additional 2,620 shares during the quarter. Piper Sandler Companies comprises 0.7% of GW&K Investment Management LLC's portfolio, making the stock its 26th biggest holding. GW&K Investment Management LLC owned 1.82% of Piper Sandler Companies worth $80,114,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc raised its position in Piper Sandler Companies by 80.3% in the first quarter. IFP Advisors Inc now owns 247 shares of the financial services provider's stock valued at $63,000 after purchasing an additional 110 shares during the last quarter. Morse Asset Management Inc grew its stake in Piper Sandler Companies by 5.8% in the first quarter. Morse Asset Management Inc now owns 1,900 shares of the financial services provider's stock valued at $471,000 after acquiring an additional 105 shares during the period. Signaturefd LLC grew its stake in Piper Sandler Companies by 174.8% in the first quarter. Signaturefd LLC now owns 338 shares of the financial services provider's stock valued at $84,000 after acquiring an additional 215 shares during the period. Stephens Investment Management Group LLC grew its stake in Piper Sandler Companies by 16.8% in the first quarter. Stephens Investment Management Group LLC now owns 250,507 shares of the financial services provider's stock valued at $62,041,000 after acquiring an additional 35,953 shares during the period. Finally, Xponance Inc. grew its stake in Piper Sandler Companies by 5.2% in the first quarter. Xponance Inc. now owns 1,305 shares of the financial services provider's stock valued at $323,000 after acquiring an additional 64 shares during the period. 72.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PIPR. JMP Securities reaffirmed a "market perform" rating on shares of Piper Sandler Companies in a research report on Monday, May 5th. Wolfe Research raised Piper Sandler Companies from a "peer perform" rating to an "outperform" rating and set a $339.00 price objective on the stock in a research report on Thursday, July 10th.

Piper Sandler Companies Stock Performance

NYSE:PIPR opened at $312.64 on Monday. Piper Sandler Companies has a 52-week low of $202.91 and a 52-week high of $351.80. The company has a market cap of $5.56 billion, a price-to-earnings ratio of 27.33 and a beta of 1.48. The company's fifty day moving average is $271.06.

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 for the quarter, topping analysts' consensus estimates of $2.85 by $1.24. The business had revenue of $357.27 million for the quarter, compared to analyst estimates of $366.99 million. Piper Sandler Companies had a return on equity of 18.32% and a net margin of 13.20%. The company's quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.79 EPS. On average, sell-side analysts predict that Piper Sandler Companies will post 14.14 EPS for the current fiscal year.

Piper Sandler Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend was Friday, May 30th. Piper Sandler Companies's dividend payout ratio (DPR) is currently 22.73%.

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.

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