Allspring Global Investments Holdings LLC trimmed its holdings in Piper Sandler Companies (NYSE:PIPR - Free Report) by 36.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,130 shares of the financial services provider's stock after selling 16,133 shares during the period. Allspring Global Investments Holdings LLC owned about 0.16% of Piper Sandler Companies worth $8,420,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in PIPR. West Oak Capital LLC boosted its stake in Piper Sandler Companies by 650.0% during the 4th quarter. West Oak Capital LLC now owns 1,500 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 1,300 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Piper Sandler Companies by 27.6% in the fourth quarter. GAMMA Investing LLC now owns 277 shares of the financial services provider's stock valued at $83,000 after purchasing an additional 60 shares during the last quarter. CWM LLC raised its holdings in shares of Piper Sandler Companies by 22.5% in the 3rd quarter. CWM LLC now owns 310 shares of the financial services provider's stock worth $88,000 after purchasing an additional 57 shares during the period. KBC Group NV increased its stake in shares of Piper Sandler Companies by 20.9% in the third quarter. KBC Group NV now owns 550 shares of the financial services provider's stock worth $156,000 after purchasing an additional 95 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Piper Sandler Companies by 486.6% in the third quarter. Blue Trust Inc. now owns 657 shares of the financial services provider's stock valued at $186,000 after purchasing an additional 545 shares during the period. 72.79% of the stock is owned by institutional investors.
PIPR has been the subject of several analyst reports. The Goldman Sachs Group raised their price objective on shares of Piper Sandler Companies from $298.00 to $330.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. JMP Securities restated a "market perform" rating on shares of Piper Sandler Companies in a research report on Monday, February 3rd. Finally, StockNews.com downgraded shares of Piper Sandler Companies from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th.
Read Our Latest Stock Report on Piper Sandler Companies
NYSE PIPR opened at $309.33 on Wednesday. The company has a 50-day simple moving average of $308.44 and a two-hundred day simple moving average of $315.02. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 30.27 and a beta of 1.46. Piper Sandler Companies has a 12-month low of $182.84 and a 12-month high of $351.80.
Piper Sandler Companies (NYSE:PIPR - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.80 earnings per share for the quarter, topping 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 period in the previous year, the business earned $4.03 EPS. Equities analysts expect that Piper Sandler Companies will post 14.14 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, March 4th will be paid a $0.65 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $2.60 annualized dividend and a dividend yield of 0.84%. Piper Sandler Companies's payout ratio is 25.44%.
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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