Universal Beteiligungs und Servicegesellschaft mbH Makes New $3.45 Million Investment in Piper Sandler Companies (NYSE:PIPR)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Piper Sandler Companies (NYSE:PIPR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,909 shares of the financial services provider's stock, valued at approximately $3,445,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.08% of Piper Sandler Companies at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its position in shares of Piper Sandler Companies by 131.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 109 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 62 shares during the period. von Borstel & Associates Inc. bought a new position in shares of Piper Sandler Companies in the first quarter valued at about $27,000. Park Square Financial Group LLC bought a new position in shares of Piper Sandler Companies in the fourth quarter valued at about $45,000. Lazard Asset Management LLC bought a new position in shares of Piper Sandler Companies in the fourth quarter valued at about $51,000. Finally, Parallel Advisors LLC raised its position in shares of Piper Sandler Companies by 28.6% in the first quarter. Parallel Advisors LLC now owns 216 shares of the financial services provider's stock valued at $53,000 after purchasing an additional 48 shares during the period. 72.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on PIPR shares. JMP Securities reissued a "market perform" rating on shares of Piper Sandler Companies in a research report on Monday, May 5th. Wolfe Research upgraded shares of Piper Sandler Companies from a "peer perform" rating to an "outperform" rating and set a $339.00 price target on the stock in a research note on Thursday, July 10th.

Piper Sandler Companies Price Performance

Shares of PIPR stock traded down $5.09 on Friday, hitting $310.23. The company's stock had a trading volume of 92,955 shares, compared to its average volume of 142,626. The business has a 50 day simple moving average of $280.54. Piper Sandler Companies has a fifty-two week low of $202.91 and a fifty-two week high of $351.80. The company has a market cap of $5.51 billion, a P/E ratio of 27.13 and a beta of 1.48.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The financial services provider reported $2.95 EPS for the quarter, beating the consensus estimate of $1.99 by $0.96. Piper Sandler Companies had a net margin of 13.20% and a return on equity of 18.32%. The business had revenue of $405.39 million for the quarter, compared to the consensus estimate of $349.40 million. During the same period in the prior year, the company posted $2.52 earnings per share. Piper Sandler Companies's revenue was up 13.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Piper Sandler Companies will post 14.14 earnings per share for the current year.

Piper Sandler Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 0.9%. This is an increase from Piper Sandler Companies's previous quarterly dividend of $0.65. Piper Sandler Companies's dividend payout ratio is presently 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.