KBC Group NV Increases Stake in Piper Sandler Companies (NYSE:PIPR)

KBC Group NV lifted its stake in Piper Sandler Companies (NYSE:PIPR) by 39.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 768 shares of the financial services provider’s stock after buying an additional 218 shares during the quarter. KBC Group NV’s holdings in Piper Sandler Companies were worth $230,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PIPR. Coldstream Capital Management Inc. lifted its stake in Piper Sandler Companies by 2.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 1,845 shares of the financial services provider’s stock worth $524,000 after purchasing an additional 41 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Piper Sandler Companies by 2.1% in the second quarter. Bank of Montreal Can now owns 2,262 shares of the financial services provider’s stock worth $524,000 after buying an additional 46 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in Piper Sandler Companies by 1.1% during the third quarter. Harbor Capital Advisors Inc. now owns 5,010 shares of the financial services provider’s stock valued at $1,422,000 after buying an additional 56 shares during the last quarter. CWM LLC boosted its stake in Piper Sandler Companies by 22.5% during the third quarter. CWM LLC now owns 310 shares of the financial services provider’s stock valued at $88,000 after buying an additional 57 shares during the last quarter. Finally, OneDigital Investment Advisors LLC grew its holdings in Piper Sandler Companies by 2.7% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,176 shares of the financial services provider’s stock valued at $618,000 after buying an additional 58 shares in the last quarter. Institutional investors own 72.79% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on PIPR. JMP Securities reissued a “market perform” rating on shares of Piper Sandler Companies in a research note on Monday. The Goldman Sachs Group lifted their price target on Piper Sandler Companies from $298.00 to $330.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, StockNews.com cut Piper Sandler Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th.

Piper Sandler Companies Trading Up 1.0 %

Shares of PIPR opened at $319.81 on Wednesday. The company’s fifty day simple moving average is $302.86 and its 200-day simple moving average is $314.09. The company has a market cap of $5.69 billion, a P/E ratio of 31.29 and a beta of 1.46. Piper Sandler Companies has a twelve month low of $177.80 and a twelve month high of $351.80.

Piper Sandler Companies (NYSE:PIPR) last posted its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.80 earnings per share 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 company posted $4.03 EPS. Analysts predict that Piper Sandler Companies will post 13.47 earnings per share for the current fiscal year.

Piper Sandler Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th will be given a $0.65 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $2.60 annualized dividend and a yield of 0.81%. Piper Sandler Companies’s dividend payout ratio (DPR) is 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.