Systematic Financial Management LP Increases Stock Holdings in Piper Sandler Companies (NYSE:PIPR)

Systematic Financial Management LP boosted its position in Piper Sandler Companies (NYSE:PIPR - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 199,842 shares of the financial services provider's stock after buying an additional 3,500 shares during the period. Piper Sandler Companies makes up 1.5% of Systematic Financial Management LP's holdings, making the stock its 5th biggest holding. Systematic Financial Management LP owned about 1.12% of Piper Sandler Companies worth $59,943,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. ProShare Advisors LLC boosted its stake in Piper Sandler Companies by 44.8% during the fourth quarter. ProShare Advisors LLC now owns 5,204 shares of the financial services provider's stock worth $1,561,000 after acquiring an additional 1,611 shares in the last quarter. Quantinno Capital Management LP increased its holdings in shares of Piper Sandler Companies by 3.3% during the fourth quarter. Quantinno Capital Management LP now owns 2,730 shares of the financial services provider's stock valued at $819,000 after acquiring an additional 88 shares in the last quarter. Nicholas Investment Partners LP raised its position in shares of Piper Sandler Companies by 3.2% during the fourth quarter. Nicholas Investment Partners LP now owns 32,916 shares of the financial services provider's stock worth $9,873,000 after purchasing an additional 1,033 shares during the period. Millennium Management LLC lifted its holdings in shares of Piper Sandler Companies by 34.2% in the 4th quarter. Millennium Management LLC now owns 93,635 shares of the financial services provider's stock worth $28,086,000 after purchasing an additional 23,860 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Piper Sandler Companies by 4.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,876 shares of the financial services provider's stock valued at $2,962,000 after purchasing an additional 388 shares during the period. 72.79% of the stock is currently owned by institutional investors and hedge funds.

Piper Sandler Companies Price Performance

Shares of Piper Sandler Companies stock traded up $0.15 during trading hours on Thursday, hitting $252.43. 46,006 shares of the company's stock traded hands, compared to its average volume of 122,500. The firm has a market cap of $4.49 billion, a PE ratio of 24.70 and a beta of 1.50. Piper Sandler Companies has a 12-month low of $201.97 and a 12-month high of $351.80.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The financial services provider reported $4.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.85 by $1.24. The business had revenue of $357.27 million during the quarter, compared to the consensus estimate of $366.99 million. Piper Sandler Companies had a net margin of 11.87% and a return on equity of 17.00%. The firm's quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.79 earnings per share. As a group, 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 declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.65 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.03%. Piper Sandler Companies's dividend payout ratio (DPR) is presently 22.73%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group dropped their price target on shares of Piper Sandler Companies from $321.00 to $286.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. JMP Securities reissued a "market perform" rating on shares of Piper Sandler Companies in a research report on Monday, May 5th.

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.