Vise Technologies Inc. Has $615,000 Stake in Piper Sandler Companies (NYSE:PIPR)

Vise Technologies Inc. reduced its holdings in Piper Sandler Companies (NYSE:PIPR - Free Report) by 37.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,051 shares of the financial services provider's stock after selling 1,251 shares during the quarter. Vise Technologies Inc.'s holdings in Piper Sandler Companies were worth $615,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in PIPR. Norges Bank acquired a new stake in Piper Sandler Companies during the fourth quarter worth about $68,696,000. Invesco Ltd. grew its stake in shares of Piper Sandler Companies by 17.2% in the fourth quarter. Invesco Ltd. now owns 697,824 shares of the financial services provider's stock valued at $209,312,000 after buying an additional 102,426 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Piper Sandler Companies by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 2,063,590 shares of the financial services provider's stock valued at $618,974,000 after buying an additional 31,400 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Piper Sandler Companies in the fourth quarter valued at about $8,097,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Piper Sandler Companies in the fourth quarter valued at about $7,464,000. 72.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Piper Sandler Companies Price Performance

NYSE:PIPR traded down $3.30 during midday trading on Friday, reaching $249.01. 10,733 shares of the company traded hands, compared to its average volume of 123,437. Piper Sandler Companies has a twelve month low of $201.97 and a twelve month high of $351.80. The firm has a market capitalization of $4.42 billion, a P/E ratio of 24.51 and a beta of 1.50.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The financial services provider reported $4.09 EPS for the quarter, topping the consensus estimate of $2.85 by $1.24. Piper Sandler Companies had a net margin of 11.87% and a return on equity of 17.00%. The firm had revenue of $357.27 million for the quarter, compared to analysts' expectations of $366.99 million. During the same period in the previous year, the business earned $2.79 earnings per share. Piper Sandler Companies's revenue for the quarter was up 14.7% compared to the same quarter last year. Research analysts anticipate that Piper Sandler Companies will post 14.14 EPS for the current fiscal year.

Piper Sandler Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend 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%.

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.