UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $13.24 Million Holdings in Piper Sandler Companies (NYSE:PIPR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Piper Sandler Companies (NYSE:PIPR - Free Report) by 26.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,146 shares of the financial services provider's stock after purchasing an additional 9,141 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.25% of Piper Sandler Companies worth $13,242,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in PIPR. IFP Advisors Inc boosted its position in shares of Piper Sandler Companies by 2,183.3% in the 4th quarter. IFP Advisors Inc now owns 137 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 131 shares during the period. Lazard Asset Management LLC purchased a new stake in Piper Sandler Companies during the fourth quarter valued at about $51,000. Allworth Financial LP boosted its holdings in shares of Piper Sandler Companies by 238.8% in 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 period. Smartleaf Asset Management LLC increased its position in shares of 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 worth $94,000 after acquiring an additional 242 shares in the last quarter. Finally, Principal Securities Inc. raised its holdings in shares of Piper Sandler Companies by 280.9% during the fourth quarter. Principal Securities Inc. now owns 339 shares of the financial services provider's stock valued at $102,000 after acquiring an additional 250 shares during the period. 72.79% of the stock is currently owned by institutional investors.

Piper Sandler Companies Stock Up 2.3%

NYSE PIPR traded up $5.81 during trading on Tuesday, reaching $256.55. The company's stock had a trading volume of 111,237 shares, compared to its average volume of 124,124. The stock has a market capitalization of $4.56 billion, a PE ratio of 25.10 and a beta of 1.50. Piper Sandler Companies has a 1-year low of $201.97 and a 1-year high of $351.80.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last released its quarterly earnings data 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 analyst estimates of $366.99 million. Piper Sandler Companies had a net margin of 11.87% and a return on equity of 17.00%. Piper Sandler Companies's quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.79 EPS. As a group, equities analysts anticipate that Piper Sandler Companies will post 14.14 EPS for the current year.

Piper Sandler Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.65 per share. The ex-dividend date is Friday, May 30th. This represents a $2.60 annualized dividend and a dividend yield of 1.01%. Piper Sandler Companies's dividend payout ratio (DPR) is presently 22.73%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. JMP Securities reiterated a "market perform" rating on shares of Piper Sandler Companies in a research report on Monday, May 5th. The Goldman Sachs Group lowered their price target 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.

About Piper Sandler Companies

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.