Nisa Investment Advisors LLC increased its stake in shares of Piper Sandler Companies (NYSE:PIPR – Get Rating) by 78.5% during the 1st quarter, reports Holdings Channel.com. The company held 11,645 shares of the company after acquiring an additional 5,120 shares during the period. Nisa Investment Advisors LLC’s holdings in Piper Sandler Companies were worth $1,528,000 when it last filed with the SEC.
Other big investors have also been buying and selling shares of the company recently. AE Wealth Management LLC bought a new stock position in Piper Sandler Companies in Q4, valued at around $530,000. Janney Montgomery Scott LLC increased its equity stake in Piper Sandler Companies by 10.6% in Q4. Janney Montgomery Scott LLC now owns 5,456 shares of the company valued at $974,000 after acquiring 521 additional shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stock position in Piper Sandler Companies in Q4, valued at approximately $16,231,000. Commonwealth Equity Services LLC bought a new position in shares of Piper Sandler Companies in Q4, valued at approximately $386,000. Finally, Yousif Capital Management LLC bought a new position in Piper Sandler Companies stock in Q4 valued at around $2,521,000. Hedge funds and other institutional investors own 66.34% of the company’s shares.
Shares of Piper Sandler companies fall 0.4%
NYSE PIPR shares opened at $116.70 on Friday. The stock has a market capitalization of $2.09 billion, a PE ratio of 7.55 and a beta of 1.41. The company has a quick ratio of 0.71, a current ratio of 1.48 and a debt ratio of 0.11. Piper Sandler Companies has a 52-week low of $102.60 and a 52-week high of $193.60. The company has a 50-day moving average price of $117.28 and a 200-day moving average price of $130.85.
Piper Sandler Companies (NYSE: PIPR – Get Rating) last released quarterly earnings data on Friday, April 29. The company reported earnings per share of $3.12 for the quarter, beating analyst consensus estimates of $2.80 by $0.32. Piper Sandler Companies achieved a return on equity of 33.25% and a net margin of 13.57%. The company posted revenue of $361.79 million in the quarter, compared to $326.34 million expected by analysts. During the same period last year, the company achieved EPS of $4.13. The company’s revenue for the quarter was down 12.6% year over year. Equity research analysts expect Piper Sandler Companies to post earnings per share of 13.67 for the current year.
Piper Sandler Companies Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 10. Shareholders of record on Friday, May 27 received a dividend of $0.60 per share. The ex-dividend date was Thursday, May 26. This represents a dividend of $2.40 on an annualized basis and a yield of 2.06%. The Piper Sandler Companies payout ratio is 15.52%.
Analyst upgrades and downgrades
A number of research analysts have recently commented on the company. StockNews.com downgraded Piper Sandler Companies from a “buy” rating to a “hold” rating in a Wednesday, May 4, report. Wolfe Research upgraded the Piper Sandler companies from an “outperform” rating to a “peer performer” rating and set a target price of $132.00 for the company. in a research report on Monday, July 11. Finally, JMP Securities cut its price target on Piper Sandler Companies from $182.00 to $178.00 and set a “market outperform” rating for the company in a Tuesday, July 12 research report. Two equity research analysts gave the stock a hold rating and three gave the company a buy rating. According to data from MarketBeat.com, Piper Sandler Companies has an average rating of “Moderate Buy” and an average price target of $163.25.
About Piper Sandler Companies
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Piper Sandler Companies operates as an investment bank and institutional securities firm serving corporations, private equity groups, public entities, not-for-profit entities and institutional investors in the United States and around the world . The Company provides investment banking and sales, trading and research services to institutions for various equity and fixed income products.
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