Piper Sandler Companies (NYSE:PIPR) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its holdings in shares of Piper Sandler Companies (NYSE:PIPR) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Calamos Advisors LLC raised its position in shares of Piper Sandler Companies by 4.2% in the 4th quarter. Calamos Advisors LLC now owns 10,681 shares of the financial services provider’s stock valued at $3,204,000 after purchasing an additional 427 shares in the last quarter. Trust Point Inc. acquired a new stake in Piper Sandler Companies in the fourth quarter valued at $225,000. Precision Wealth Strategies LLC acquired a new stake in Piper Sandler Companies in the fourth quarter valued at $407,000. KBC Group NV grew its holdings in Piper Sandler Companies by 39.6% during the 4th quarter. KBC Group NV now owns 768 shares of the financial services provider’s stock worth $230,000 after acquiring an additional 218 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Piper Sandler Companies by 51.3% in the 4th quarter. Blue Trust Inc. now owns 994 shares of the financial services provider’s stock worth $282,000 after purchasing an additional 337 shares during the last quarter. 72.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PIPR. The Goldman Sachs Group increased their price target on shares of Piper Sandler Companies from $298.00 to $330.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. StockNews.com lowered Piper Sandler Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Finally, JMP Securities reissued a “market perform” rating on shares of Piper Sandler Companies in a research report on Monday, February 3rd.

Piper Sandler Companies Stock Down 1.4 %

Shares of NYSE:PIPR opened at $304.29 on Wednesday. The company has a market cap of $5.41 billion, a PE ratio of 29.77 and a beta of 1.46. Piper Sandler Companies has a fifty-two week low of $177.80 and a fifty-two week high of $351.80. The firm has a 50-day simple moving average of $305.89 and a 200 day simple moving average of $315.99.

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

Piper Sandler Companies Announces Dividend

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