Piper Sandler Companies (NYSE:PIPR) Shares Purchased by MML Investors Services LLC

MML Investors Services LLC increased its holdings in Piper Sandler Companies (NYSE:PIPR - Free Report) by 113.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,813 shares of the financial services provider's stock after buying an additional 2,023 shares during the period. MML Investors Services LLC's holdings in Piper Sandler Companies were worth $1,144,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Barclays PLC lifted its position in Piper Sandler Companies by 307.2% during the third quarter. Barclays PLC now owns 32,328 shares of the financial services provider's stock valued at $9,174,000 after acquiring an additional 24,388 shares during the last quarter. Tidal Investments LLC lifted its holdings in shares of Piper Sandler Companies by 75.7% during the 3rd quarter. Tidal Investments LLC now owns 6,104 shares of the financial services provider's stock valued at $1,732,000 after purchasing an additional 2,629 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Piper Sandler Companies by 27.6% in the 4th quarter. GAMMA Investing LLC now owns 277 shares of the financial services provider's stock worth $83,000 after purchasing an additional 60 shares in the last quarter. Modus Advisors LLC acquired a new stake in shares of Piper Sandler Companies in the 4th quarter worth $404,000. Finally, Oliver Luxxe Assets LLC grew its stake in Piper Sandler Companies by 5.7% during the 4th quarter. Oliver Luxxe Assets LLC now owns 11,838 shares of the financial services provider's stock worth $3,551,000 after buying an additional 636 shares during the last quarter. Hedge funds and other institutional investors own 72.79% of the company's stock.

Piper Sandler Companies Price Performance

Shares of NYSE:PIPR traded up $4.41 during midday trading on Wednesday, reaching $249.84. The company's stock had a trading volume of 6,415 shares, compared to its average volume of 119,086. 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 $4.44 billion, a P/E ratio of 24.45 and a beta of 1.50.

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 for the quarter, beating analysts' consensus estimates of $2.85 by $1.24. Piper Sandler Companies had a return on equity of 17.00% and a net margin of 11.87%. The business had revenue of $357.27 million during the quarter, compared to analyst estimates of $366.99 million. During the same quarter last year, the business posted $2.79 EPS. The company's revenue was up 14.7% on a year-over-year basis. Equities analysts anticipate that Piper Sandler Companies will post 14.14 EPS for the current fiscal year.

Piper Sandler Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.65 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.60 annualized dividend and a yield of 1.04%. Piper Sandler Companies's dividend payout ratio is presently 22.73%.

Analyst Ratings Changes

PIPR has been the subject of several recent analyst reports. JMP Securities reissued a "market perform" rating on shares of Piper Sandler Companies in a report on Monday. StockNews.com downgraded shares of Piper Sandler Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group decreased their price target on shares of Piper Sandler Companies from $321.00 to $286.00 and set a "neutral" rating for the company in a report on Friday, March 14th.

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.