Proficio Capital Partners LLC Makes New Investment in Piper Sandler Companies (NYSE:PIPR)

Proficio Capital Partners LLC bought a new position in Piper Sandler Companies (NYSE:PIPR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 26,996 shares of the financial services provider’s stock, valued at approximately $8,097,000. Proficio Capital Partners LLC owned 0.15% of Piper Sandler Companies at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Cerity Partners LLC grew its stake in shares of Piper Sandler Companies by 21.3% in the third 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 in the last quarter. Barclays PLC grew its stake in shares of Piper Sandler Companies by 307.2% in the third quarter. Barclays PLC now owns 32,328 shares of the financial services provider’s stock worth $9,174,000 after purchasing an additional 24,388 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Piper Sandler Companies by 336.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 314 shares of the financial services provider’s stock worth $94,000 after purchasing an additional 242 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Piper Sandler Companies by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 205,226 shares of the financial services provider’s stock worth $58,245,000 after purchasing an additional 2,689 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Piper Sandler Companies during the third quarter valued at about $624,000. 72.79% of the stock is owned by institutional investors and hedge funds.

Piper Sandler Companies Stock Up 0.8 %

NYSE:PIPR opened at $254.06 on Friday. Piper Sandler Companies has a 1-year low of $183.58 and a 1-year 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. The stock has a fifty day simple moving average of $280.51 and a 200 day simple moving average of $297.56.

Piper Sandler Companies (NYSE:PIPR) last released its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.80 earnings per share for the quarter, beating analysts’ consensus estimates 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 business posted $4.03 earnings per share. Equities analysts predict that Piper Sandler Companies will post 14.14 earnings per share for the current year.

Piper Sandler Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, March 4th were given a $0.65 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.02%. Piper Sandler Companies’s dividend payout ratio (DPR) is 25.44%.

Analysts Set New Price Targets

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

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.