Yousif Capital Management LLC Trims Holdings in Piper Sandler Companies (NYSE:PIPR)

Yousif Capital Management LLC cut its holdings in Piper Sandler Companies (NYSE:PIPR) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,048 shares of the financial services provider’s stock after selling 112 shares during the period. Yousif Capital Management LLC’s holdings in Piper Sandler Companies were worth $1,814,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. West Oak Capital LLC grew its holdings 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 position in shares of Piper Sandler Companies by 27.6% in the 4th 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 increased its position 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 valued at $88,000 after acquiring an additional 57 shares during the period. KBC Group NV boosted its position in Piper Sandler Companies by 20.9% in the third quarter. KBC Group NV now owns 550 shares of the financial services provider’s stock valued at $156,000 after buying an additional 95 shares during the last quarter. Finally, Blue Trust Inc. increased its stake 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 worth $186,000 after acquiring an additional 545 shares during the period. 72.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PIPR has been the subject of several recent analyst reports. JMP Securities restated a “market perform” rating on shares of Piper Sandler Companies in a research note on Monday, February 3rd. The Goldman Sachs Group upped their target price on Piper Sandler Companies from $298.00 to $330.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Finally, StockNews.com cut shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th.

Piper Sandler Companies Trading Down 1.4 %

PIPR stock opened at $304.29 on Wednesday. Piper Sandler Companies has a 12-month low of $177.80 and a 12-month high of $351.80. The business’s 50-day moving average is $305.89 and its 200 day moving average is $315.99. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of 29.77 and a beta of 1.46.

Piper Sandler Companies (NYSE:PIPR) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.80 EPS 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 quarter in the previous year, the business earned $4.03 earnings per share. As a group, equities analysts forecast that Piper Sandler Companies will post 14.14 EPS for the current fiscal year.

Piper Sandler Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Tuesday, March 4th. Piper Sandler Companies’s dividend payout ratio is currently 25.44%.

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.