Piper Sandler Companies (NYSE:PIPR) Stock Holdings Lowered by Janus Henderson Group PLC

Janus Henderson Group PLC cut its position in Piper Sandler Companies (NYSE:PIPR - Free Report) by 15.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 100,088 shares of the financial services provider's stock after selling 17,845 shares during the quarter. Janus Henderson Group PLC owned about 0.56% of Piper Sandler Companies worth $30,027,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of PIPR. Quadrant Capital Group LLC raised its position in shares of Piper Sandler Companies by 5.2% during the 4th quarter. Quadrant Capital Group LLC now owns 754 shares of the financial services provider's stock worth $226,000 after buying an additional 37 shares in the last quarter. Arizona State Retirement System raised its position in shares of Piper Sandler Companies by 0.8% during the 4th quarter. Arizona State Retirement System now owns 5,137 shares of the financial services provider's stock worth $1,541,000 after buying an additional 40 shares in 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 worth $1,255,000 after buying an additional 49 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of Piper Sandler Companies by 4.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 1,394 shares of the financial services provider's stock worth $418,000 after buying an additional 56 shares in the last quarter. Finally, Summit Investment Advisors Inc. raised its position in shares of Piper Sandler Companies by 4.9% during the 4th 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 in the last quarter. 72.79% of the stock is currently owned by institutional investors.

Piper Sandler Companies Price Performance

Shares of NYSE PIPR traded down $1.75 during midday trading on Tuesday, reaching $265.21. The company's stock had a trading volume of 18,527 shares, compared to its average volume of 121,925. Piper Sandler Companies has a one year low of $201.97 and a one year high of $351.80. The company has a market capitalization of $4.71 billion, a P/E ratio of 25.95 and a beta of 1.50.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last released its earnings results on Friday, May 2nd. The financial services provider reported $4.09 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $357.27 million for the quarter, compared to the consensus estimate of $366.99 million. During the same period in the previous year, the firm earned $2.79 EPS. The business's revenue for the quarter was up 14.7% on a year-over-year basis. On average, analysts anticipate that Piper Sandler Companies will post 14.14 earnings per share for the current 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 issued a $0.65 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.98%. Piper Sandler Companies's payout ratio is currently 22.73%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PIPR. The Goldman Sachs Group dropped 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 report on Friday, March 14th. JMP Securities restated a "market perform" rating on shares of Piper Sandler Companies in a research report on Monday, May 5th.

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.