Algert Global LLC lifted its position in Piper Sandler Companies (NYSE:PIPR - Free Report) by 17.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,916 shares of the financial services provider's stock after buying an additional 1,606 shares during the quarter. Algert Global LLC owned about 0.06% of Piper Sandler Companies worth $3,274,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in PIPR. Norges Bank acquired a new stake in Piper Sandler Companies in the 4th quarter worth approximately $68,696,000. Invesco Ltd. grew its holdings in shares of Piper Sandler Companies by 17.2% in the 4th quarter. Invesco Ltd. now owns 697,824 shares of the financial services provider's stock worth $209,312,000 after purchasing 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 worth $618,974,000 after purchasing an additional 31,400 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Piper Sandler Companies in the fourth quarter valued at about $8,097,000. Finally, Raymond James Financial Inc. bought a new stake in Piper Sandler Companies during the fourth quarter worth about $7,464,000. Institutional investors and hedge funds own 72.79% of the company's stock.
Piper Sandler Companies Trading Up 1.9 %
PIPR opened at $250.00 on Thursday. The company has a market cap of $4.44 billion, a PE ratio of 24.46 and a beta of 1.50. Piper Sandler Companies has a one year low of $201.97 and a one year high of $351.80.
Piper Sandler Companies (NYSE:PIPR - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The financial services provider reported $4.09 EPS for the quarter, beating analysts' consensus estimates of $2.85 by $1.24. The firm had revenue of $357.27 million for the quarter, compared to analyst estimates of $366.99 million. Piper Sandler Companies had a return on equity of 17.00% and a net margin of 11.87%. The business's quarterly revenue was up 14.7% compared to the same quarter last year. During the same period last year, the company earned $2.79 EPS. As a group, equities analysts anticipate that Piper Sandler Companies will post 14.14 EPS for the current fiscal year.
Piper Sandler Companies Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.60 dividend on an annualized basis and a yield of 1.04%. Piper Sandler Companies's payout ratio is presently 22.73%.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the stock. 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.
Read Our Latest Stock Analysis on PIPR
Piper Sandler Companies Profile
(
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Piper Sandler Companies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Piper Sandler Companies wasn't on the list.
While Piper Sandler Companies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
