Piper Sandler Companies (NYSE:PIPR) Shares Bought by Nicholas Investment Partners LP

Nicholas Investment Partners LP lifted its stake in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) by 3.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,916 shares of the financial services provider's stock after buying an additional 1,033 shares during the period. Nicholas Investment Partners LP owned approximately 0.19% of Piper Sandler Companies worth $9,873,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. IFP Advisors Inc lifted its position in Piper Sandler Companies by 2,183.3% during the fourth quarter. IFP Advisors Inc now owns 137 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 131 shares during the period. Lazard Asset Management LLC acquired a new position in Piper Sandler Companies during the fourth quarter valued at $51,000. Allworth Financial LP lifted its position in Piper Sandler Companies by 238.8% during the fourth quarter. Allworth Financial LP now owns 227 shares of the financial services provider's stock valued at $70,000 after purchasing an additional 160 shares during the period. Smartleaf Asset Management LLC increased its holdings in Piper Sandler Companies by 336.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 314 shares of the financial services provider's stock valued at $94,000 after buying an additional 242 shares in the last quarter. Finally, Principal Securities Inc. increased its holdings in Piper Sandler Companies by 280.9% in the fourth quarter. Principal Securities Inc. now owns 339 shares of the financial services provider's stock valued at $102,000 after buying an additional 250 shares in the last quarter. 72.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PIPR has been the subject of a number of research reports. The Goldman Sachs Group cut their target price on shares of Piper Sandler Companies from $321.00 to $286.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. JMP Securities reissued 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 up $0.41 on Monday, hitting $267.67. The stock had a trading volume of 36,979 shares, compared to its average volume of 135,871. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 26.19 and a beta of 1.50. Piper Sandler Companies has a 1-year low of $201.97 and a 1-year high of $351.80.

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, beating 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 company had revenue of $357.27 million for the quarter, compared to analyst estimates of $366.99 million. During the same period in the previous year, the business posted $2.79 EPS. Piper Sandler Companies's revenue was up 14.7% on a year-over-year basis. As a group, equities analysts anticipate that Piper Sandler Companies will post 14.14 earnings per share for the current fiscal year.

Piper Sandler Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Friday, May 30th. 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.