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

Victory Capital Management Inc. trimmed its holdings in shares of Piper Sandler Companies (NYSE:PIPR) by 20.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,630 shares of the financial services provider’s stock after selling 3,259 shares during the period. Victory Capital Management Inc. owned about 0.07% of Piper Sandler Companies worth $3,788,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in PIPR. FMR LLC boosted its holdings in Piper Sandler Companies by 49.0% during the third quarter. FMR LLC now owns 625,048 shares of the financial services provider’s stock worth $177,395,000 after buying an additional 205,584 shares in the last quarter. Fred Alger Management LLC bought a new stake in Piper Sandler Companies during the third quarter worth approximately $14,645,000. Proficio Capital Partners LLC bought a new stake in Piper Sandler Companies during the fourth quarter worth approximately $8,097,000. Barclays PLC boosted its holdings 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 worth $9,174,000 after buying an additional 24,388 shares in the last quarter. Finally, Philadelphia Financial Management of San Francisco LLC bought a new stake in Piper Sandler Companies during the third quarter worth approximately $6,106,000. 72.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PIPR. JMP Securities restated a “market perform” rating on shares of Piper Sandler Companies in a report on Monday, February 3rd. StockNews.com lowered shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, The Goldman Sachs Group decreased their price objective on shares of Piper Sandler Companies from $321.00 to $286.00 and set a “neutral” rating for the company in a research note on Friday.

Piper Sandler Companies Stock Performance

Piper Sandler Companies stock opened at $254.06 on Friday. The company has a 50 day moving average price of $280.51 and a 200 day moving average price of $297.56. Piper Sandler Companies has a 52 week low of $183.58 and a 52 week high of $351.80. The firm has a market capitalization of $4.50 billion, a price-to-earnings ratio of 24.86 and a beta of 1.46.

Piper Sandler Companies (NYSE:PIPR) last posted its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.80 EPS for the quarter, topping analysts’ consensus estimates of $3.99 by $0.81. Piper Sandler Companies had a net margin of 11.87% and a return on equity of 17.00%. During the same period last year, the business posted $4.03 earnings per share. Equities analysts forecast that Piper Sandler Companies will post 14.14 earnings per share for the current fiscal year.

Piper Sandler Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date was Tuesday, March 4th. Piper Sandler Companies’s dividend payout ratio (DPR) 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.