GAMMA Investing LLC Acquires 60 Shares of Piper Sandler Companies (NYSE:PIPR)

GAMMA Investing LLC raised its holdings in Piper Sandler Companies (NYSE:PIPR) by 27.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 277 shares of the financial services provider’s stock after buying an additional 60 shares during the period. GAMMA Investing LLC’s holdings in Piper Sandler Companies were worth $83,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in PIPR. USA Financial Formulas bought a new position in Piper Sandler Companies in the 3rd quarter valued at about $77,000. CWM LLC grew its position in shares of Piper Sandler Companies by 22.5% in the third quarter. CWM LLC now owns 310 shares of the financial services provider’s stock valued at $88,000 after purchasing an additional 57 shares during the last quarter. KBC Group NV increased its stake in shares of Piper Sandler Companies by 20.9% during 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 during the period. Blue Trust Inc. lifted its holdings in Piper Sandler Companies by 486.6% during the 3rd quarter. Blue Trust Inc. now owns 657 shares of the financial services provider’s stock worth $186,000 after purchasing an additional 545 shares during the last quarter. Finally, Concurrent Investment Advisors LLC bought a new stake in Piper Sandler Companies in the 3rd quarter valued at $201,000. 72.79% of the stock is owned by institutional investors and hedge funds.

Piper Sandler Companies Stock Down 5.3 %

PIPR stock opened at $281.88 on Friday. Piper Sandler Companies has a 52 week low of $162.50 and a 52 week high of $351.80. The business has a 50-day simple moving average of $305.24 and a 200 day simple moving average of $311.33. The company has a market cap of $5.01 billion, a PE ratio of 30.12 and a beta of 1.46.

Piper Sandler Companies (NYSE:PIPR) last issued its earnings results on Friday, October 25th. The financial services provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.53 by $0.04. The company had revenue of $359.57 million during the quarter, compared to analysts’ expectations of $365.07 million. Piper Sandler Companies had a net margin of 10.84% and a return on equity of 16.06%. On average, analysts anticipate that Piper Sandler Companies will post 11.49 EPS for the current fiscal year.

Piper Sandler Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 22nd were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.92%. The ex-dividend date was Friday, November 22nd. Piper Sandler Companies’s payout ratio is presently 27.78%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PIPR. The Goldman Sachs Group cut shares of Piper Sandler Companies from a “buy” rating to a “neutral” rating and set a $317.00 target price for the company. in a research report on Monday, January 6th. JMP Securities restated a “market perform” rating on shares of Piper Sandler Companies in a research report on Tuesday, September 17th. Finally, StockNews.com downgraded shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th.

Piper Sandler Companies Company 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.