Barclays PLC Purchases 3,524 Shares of Piper Sandler Companies (NYSE:PIPR)

Barclays PLC raised its holdings in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) by 10.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 35,852 shares of the financial services provider's stock after purchasing an additional 3,524 shares during the period. Barclays PLC owned approximately 0.20% of Piper Sandler Companies worth $10,754,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. IFP Advisors Inc boosted its position in shares of 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 buying an additional 131 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Piper Sandler Companies by 238.8% during the 4th quarter. Allworth Financial LP now owns 227 shares of the financial services provider's stock valued at $70,000 after acquiring an additional 160 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Piper Sandler Companies by 27.6% during the 4th quarter. GAMMA Investing LLC now owns 277 shares of the financial services provider's stock valued at $83,000 after acquiring an additional 60 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of 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 worth $94,000 after acquiring an additional 242 shares during the period. Finally, Principal Securities Inc. raised its holdings in shares of Piper Sandler Companies by 280.9% during the fourth quarter. Principal Securities Inc. now owns 339 shares of the financial services provider's stock valued at $102,000 after purchasing an additional 250 shares during the last quarter. Institutional investors own 72.79% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on PIPR shares. 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 report on Friday, March 14th. JMP Securities reaffirmed a "market perform" rating on shares of Piper Sandler Companies in a report on Monday, February 3rd. Finally, StockNews.com downgraded Piper Sandler Companies from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th.

Piper Sandler Companies Price Performance

Shares of Piper Sandler Companies stock traded up $1.41 on Friday, hitting $237.72. 115,164 shares of the company's stock were exchanged, compared to its average volume of 118,664. Piper Sandler Companies has a 1 year low of $193.32 and a 1 year high of $351.80. The stock has a market capitalization of $4.22 billion, a PE ratio of 23.26 and a beta of 1.38.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.99 by $0.81. Piper Sandler Companies had a return on equity of 17.00% and a net margin of 11.87%. During the same quarter last year, the firm earned $4.03 earnings per share. As a group, research analysts anticipate that Piper Sandler Companies will post 14.14 EPS for the current year.

Piper Sandler Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, March 4th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.09%. The ex-dividend date was Tuesday, March 4th. Piper Sandler Companies's dividend payout ratio is 25.44%.

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.