Jane Street Group LLC grew its position in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) by 22.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 11,028 shares of the financial services provider's stock after acquiring an additional 2,010 shares during the period. Jane Street Group LLC owned about 0.06% of Piper Sandler Companies worth $3,308,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in Piper Sandler Companies in the fourth quarter worth about $68,696,000. Invesco Ltd. increased its position in Piper Sandler Companies by 17.2% during the fourth quarter. Invesco Ltd. now owns 697,824 shares of the financial services provider's stock valued at $209,312,000 after acquiring an additional 102,426 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Piper Sandler Companies by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 2,063,590 shares of the financial services provider's stock valued at $618,974,000 after purchasing an additional 31,400 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Piper Sandler Companies in the fourth quarter worth approximately $8,097,000. Finally, Raymond James Financial Inc. bought a new position in Piper Sandler Companies in the fourth quarter worth approximately $7,464,000. Institutional investors own 72.79% of the company's stock.
Piper Sandler Companies Price Performance
Shares of Piper Sandler Companies stock traded up $2.01 on Friday, hitting $267.47. 136,381 shares of the company traded hands, compared to its average volume of 121,802. Piper Sandler Companies has a 52 week low of $201.97 and a 52 week high of $351.80. The stock has a market cap of $4.75 billion, a P/E ratio of 26.17 and a beta of 1.50.
Piper Sandler Companies (NYSE:PIPR - Get Free Report) last issued its earnings results on Friday, May 2nd. The financial services provider reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $1.24. The firm had revenue of $357.27 million for the quarter, compared to analysts' expectations of $366.99 million. Piper Sandler Companies had a return on equity of 17.00% and a net margin of 11.87%. During the same period in the previous year, the firm posted $2.79 earnings per share. The business's revenue was up 14.7% compared to the same quarter last year. As a group, equities analysts expect that Piper Sandler Companies will post 14.14 EPS for the current year.
Piper Sandler Companies Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Friday, May 30th. Piper Sandler Companies's payout ratio is 22.73%.
Analysts Set New Price Targets
A number of equities analysts recently commented on the company. The Goldman Sachs Group decreased their target price on Piper Sandler Companies from $321.00 to $286.00 and set a "neutral" rating on the stock in a 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.
View Our Latest Report on PIPR
About Piper Sandler Companies
(
Free Report)
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.
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