Piper Sandler Companies (NYSE:PIPR) Shares Purchased by IFP Advisors Inc

IFP Advisors Inc increased its position in shares of Piper Sandler Companies (NYSE:PIPR) by 2,183.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 137 shares of the financial services provider’s stock after buying an additional 131 shares during the period. IFP Advisors Inc’s holdings in Piper Sandler Companies were worth $43,000 as of its most recent filing with the SEC.

A number of other hedge funds 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 purchased a new stake in Piper Sandler Companies during the third quarter worth $14,645,000. 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. Philadelphia Financial Management of San Francisco LLC purchased a new stake in Piper Sandler Companies during the third quarter worth $6,106,000. Finally, Van ECK Associates Corp purchased a new stake in Piper Sandler Companies during the fourth quarter worth $4,275,000. 72.79% of the stock is owned by hedge funds and other institutional investors.

Piper Sandler Companies Stock Down 2.9 %

PIPR opened at $256.09 on Friday. The company has a market cap of $4.54 billion, a price-to-earnings ratio of 25.06 and a beta of 1.46. Piper Sandler Companies has a 52-week low of $183.58 and a 52-week high of $351.80. The firm’s fifty day simple moving average is $296.49 and its two-hundred day simple moving average is $305.40.

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 (EPS) for the quarter, beating the consensus estimate 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 quarter in the prior year, the business earned $4.03 EPS. On average, research analysts forecast that Piper Sandler Companies will post 14.14 EPS for the current year.

Piper Sandler Companies Announces Dividend

The firm also recently declared 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. This represents a $2.60 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Tuesday, March 4th. Piper Sandler Companies’s dividend payout ratio is currently 25.44%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on PIPR shares. JMP Securities reissued a “market perform” rating on shares of Piper Sandler Companies in a report on Monday, February 3rd. 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 report on Monday, February 3rd. Finally, StockNews.com downgraded shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th.

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.