UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Position in Piper Sandler Companies (NYSE:PIPR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) by 26.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,146 shares of the financial services provider's stock after buying an additional 9,141 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.25% of Piper Sandler Companies worth $13,242,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PIPR. Quadrant Capital Group LLC lifted its position in Piper Sandler Companies by 5.2% during the fourth quarter. Quadrant Capital Group LLC now owns 754 shares of the financial services provider's stock valued at $226,000 after purchasing an additional 37 shares in the last quarter. Arizona State Retirement System increased its position in Piper Sandler Companies by 0.8% in the fourth quarter. Arizona State Retirement System now owns 5,137 shares of the financial services provider's stock worth $1,541,000 after purchasing an additional 40 shares during the last quarter. Lido Advisors LLC raised its position in shares of Piper Sandler Companies by 1.2% during the 4th quarter. Lido Advisors LLC now owns 4,185 shares of the financial services provider's stock valued at $1,255,000 after buying an additional 49 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of Piper Sandler Companies by 4.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 1,394 shares of the financial services provider's stock valued at $418,000 after purchasing an additional 56 shares during the last quarter. Finally, Summit Investment Advisors Inc. boosted its stake in Piper Sandler Companies by 4.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,816 shares of the financial services provider's stock worth $545,000 after buying an additional 85 shares during the period. 72.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. The Goldman Sachs Group reduced their price target on shares of 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. JMP Securities reaffirmed a "market perform" rating on shares of Piper Sandler Companies in a research report on Monday, May 5th.

Piper Sandler Companies Stock Performance

Shares of PIPR traded up $3.89 during mid-day trading on Tuesday, hitting $254.63. The company's stock had a trading volume of 19,627 shares, compared to its average volume of 123,525. Piper Sandler Companies has a 52-week low of $201.97 and a 52-week high of $351.80. The stock has a market capitalization of $4.52 billion, a PE ratio of 24.91 and a beta of 1.50.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last posted 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 company had revenue of $357.27 million during the quarter, compared to analyst estimates of $366.99 million. Piper Sandler Companies had a return on equity of 17.00% and a net margin of 11.87%. Piper Sandler Companies'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. Equities research analysts forecast that Piper Sandler Companies will post 14.14 EPS for the current year.

Piper Sandler Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.65 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.60 dividend on an annualized basis and a yield of 1.02%. Piper Sandler Companies's dividend payout ratio (DPR) is 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.