Piper Sandler Companies (NYSE:PIPR) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. decreased its holdings in Piper Sandler Companies (NYSE:PIPR) by 31.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,550 shares of the financial services provider’s stock after selling 1,180 shares during the quarter. Everence Capital Management Inc.’s holdings in Piper Sandler Companies were worth $765,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of PIPR. Cerity Partners LLC boosted its stake in shares of Piper Sandler Companies by 21.3% during the third quarter. Cerity Partners LLC now owns 16,060 shares of the financial services provider’s stock worth $4,558,000 after buying an additional 2,819 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Piper Sandler Companies by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 205,226 shares of the financial services provider’s stock worth $58,245,000 after acquiring an additional 2,689 shares during the period. Barclays PLC grew its stake in shares of Piper Sandler Companies by 307.2% in the 3rd quarter. Barclays PLC now owns 32,328 shares of the financial services provider’s stock valued at $9,174,000 after purchasing an additional 24,388 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Piper Sandler Companies in the third quarter valued at approximately $624,000. Finally, Citigroup Inc. raised its stake in shares of Piper Sandler Companies by 63.4% during the third quarter. Citigroup Inc. now owns 21,496 shares of the financial services provider’s stock worth $6,101,000 after purchasing an additional 8,337 shares during the last quarter. 72.79% of the stock is owned by hedge funds and other institutional investors.

Piper Sandler Companies Stock Performance

Shares of PIPR stock opened at $301.43 on Friday. The stock has a market cap of $5.36 billion, a PE ratio of 32.20 and a beta of 1.46. Piper Sandler Companies has a 1 year low of $162.50 and a 1 year high of $351.80. The stock has a fifty day moving average price of $313.26 and a 200 day moving average price of $310.44.

Piper Sandler Companies (NYSE:PIPR) last posted its earnings results on Friday, October 25th. The financial services provider reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.53 by $0.04. Piper Sandler Companies had a net margin of 10.84% and a return on equity of 16.06%. The firm had revenue of $359.57 million during the quarter, compared to the consensus estimate of $365.07 million. As a group, equities research analysts predict that Piper Sandler Companies will post 11.49 earnings per share for the current year.

Piper Sandler Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 22nd were given a dividend of $0.65 per share. The ex-dividend date was Friday, November 22nd. This represents a $2.60 annualized dividend and a dividend yield of 0.86%. Piper Sandler Companies’s dividend payout ratio is currently 27.78%.

Analysts Set New Price Targets

PIPR has been the subject of a number of analyst reports. JMP Securities restated a “market perform” rating on shares of Piper Sandler Companies in a research report on Tuesday, September 17th. StockNews.com cut Piper Sandler Companies from a “buy” rating to a “hold” rating in a research report on Saturday, December 28th.

About Piper Sandler Companies

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.