ProShare Advisors LLC Has $1.56 Million Stock Holdings in Piper Sandler Companies (NYSE:PIPR)

ProShare Advisors LLC grew its position in Piper Sandler Companies (NYSE:PIPR - Free Report) by 44.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,204 shares of the financial services provider's stock after purchasing an additional 1,611 shares during the period. ProShare Advisors LLC's holdings in Piper Sandler Companies were worth $1,561,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Quantinno Capital Management LP grew its position in shares of Piper Sandler Companies by 3.3% in the 4th quarter. Quantinno Capital Management LP now owns 2,730 shares of the financial services provider's stock valued at $819,000 after purchasing an additional 88 shares during the period. Nicholas Investment Partners LP boosted its holdings in shares of Piper Sandler Companies by 3.2% in the fourth quarter. Nicholas Investment Partners LP now owns 32,916 shares of the financial services provider's stock valued at $9,873,000 after buying an additional 1,033 shares during the period. Millennium Management LLC increased its position in shares of Piper Sandler Companies by 34.2% during the fourth quarter. Millennium Management LLC now owns 93,635 shares of the financial services provider's stock worth $28,086,000 after acquiring an additional 23,860 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Piper Sandler Companies by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,876 shares of the financial services provider's stock worth $2,962,000 after acquiring an additional 388 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in shares of Piper Sandler Companies during the fourth quarter worth $51,000. 72.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PIPR has been the subject of a number of research analyst reports. JMP Securities reaffirmed a "market perform" rating on shares of Piper Sandler Companies in a research note on Monday, May 5th. The Goldman Sachs Group dropped their price target on Piper Sandler Companies from $321.00 to $286.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th.

Piper Sandler Companies Price Performance

Shares of PIPR traded down $1.13 during midday trading on Friday, hitting $250.12. The stock had a trading volume of 141,714 shares, compared to its average volume of 123,644. Piper Sandler Companies has a twelve month low of $201.97 and a twelve month high of $351.80. The company has a market capitalization of $4.44 billion, a price-to-earnings ratio of 24.47 and a beta of 1.50.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last released 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 firm had revenue of $357.27 million for the quarter, compared to the consensus estimate 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 for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the business posted $2.79 EPS. Sell-side analysts anticipate that Piper Sandler Companies will post 14.14 earnings per share for the current fiscal year.

Piper Sandler Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is 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.