Blue Trust Inc. Has $119,000 Stock Holdings in Piper Sandler Companies (NYSE:PIPR)

Blue Trust Inc. lessened its holdings in shares of Piper Sandler Companies (NYSE:PIPR) by 39.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 397 shares of the financial services provider’s stock after selling 260 shares during the period. Blue Trust Inc.’s holdings in Piper Sandler Companies were worth $119,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Cerity Partners LLC lifted its position in shares of Piper Sandler Companies by 21.3% during the 3rd quarter. Cerity Partners LLC now owns 16,060 shares of the financial services provider’s stock worth $4,558,000 after purchasing an additional 2,819 shares during the last quarter. Barclays PLC increased its stake in Piper Sandler Companies by 307.2% during the third quarter. Barclays PLC now owns 32,328 shares of the financial services provider’s stock valued at $9,174,000 after acquiring an additional 24,388 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Piper Sandler Companies by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 205,226 shares of the financial services provider’s stock valued at $58,245,000 after acquiring an additional 2,689 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Piper Sandler Companies during the third quarter valued at about $624,000. Finally, Citigroup Inc. increased its stake in Piper Sandler Companies by 63.4% during the third quarter. Citigroup Inc. now owns 21,496 shares of the financial services provider’s stock valued at $6,101,000 after acquiring an additional 8,337 shares during the period. Institutional investors and hedge funds own 72.79% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. JMP Securities restated a “market perform” rating on shares of Piper Sandler Companies in a research note on Monday, February 3rd. StockNews.com lowered Piper Sandler Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, The Goldman Sachs Group boosted their price target on Piper Sandler Companies from $298.00 to $330.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd.

Piper Sandler Companies Trading Down 3.4 %

PIPR stock opened at $287.97 on Friday. Piper Sandler Companies has a 1-year low of $183.25 and a 1-year high of $351.80. The firm has a market cap of $5.12 billion, a P/E ratio of 28.18 and a beta of 1.46. The business’s 50 day moving average is $308.16 and its 200-day moving average is $313.31.

Piper Sandler Companies (NYSE:PIPR) last released its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.80 earnings per share for the quarter, beating 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 last year, the company posted $4.03 EPS. Sell-side analysts forecast that Piper Sandler Companies will post 14.14 EPS for the current year.

Piper Sandler Companies Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $2.60 annualized dividend and a dividend yield of 0.90%. Piper Sandler Companies’s dividend payout ratio is currently 25.44%.

Piper Sandler Companies 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.