Robeco Institutional Asset Management BV bought a new stake in shares of Piper Sandler Companies (NYSE:PIPR – Get Rating ) during the first quarter, HoldingsChannel reports. The institutional investor purchased 2,415 shares of the company’s stock, valued at approximately $317,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new position in Piper Sandler Companies in the 4th quarter valued at approximately $16,231,000. First Trust Advisors LP boosted its stake in Piper Sandler Companies by 61.1% in the fourth quarter. First Trust Advisors LP now owns 55,307 shares of the company’s stock valued at $9,873,000 after acquiring an additional 20,967 shares during the last quarter. GW&K Investment Management LLC lifted its position in Piper Sandler Companies by 3.8% in the fourth quarter. GW&K Investment Management LLC now owns 455,492 shares of the company’s stock valued at $81,310,000 after purchasing an additional 16,665 shares in the last quarter. Westwood Holdings Group Inc. boosted its stake in Piper Sandler Companies by 4.5% in the fourth quarter. Westwood Holdings Group Inc. now owns 375,482 shares of the company’s stock valued at $67,027,000 after purchasing an additional 16,255 shares in the last quarter. Finally, Yousif Capital Management LLC bought a new position in shares of Piper Sandler Companies during the 4th quarter worth about $2,521,000. Hedge funds and other institutional investors own 66.34% of the company’s shares.
Changes in analyst ratings
A number of equities analysts recently weighed in on the company. StockNews.com lowered Piper Sandler Companies from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th. Wolfe Research cut shares of Piper Sandler Companies from an “outperform” rating to an “equal perform” rating and set a $132.00 price objective for the company. in a research note on Monday, July 11th. Finally, JMP Securities reduced their target price on shares of Piper Sandler Companies from $182.00 to $178.00 and set a “market outperform” rating on the stock in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Moderate Buy” and a consensus target price of $163.25, according to MarketBeat.com.
Piper Sandler Companies stock presentation
NYSE:PIPR opened at $107.25 on Friday. The company has a debt-to-equity ratio of 0.11, a quick earnings ratio of 0.71 and a current ratio of 1.48. Piper Sandler Companies has a fifty-two week low of $102.60 and a fifty-two week high of $193.60. The firm has a market cap of $1.92 billion, a PE ratio of 6.94 and a beta of 1.41. The business has a 50-day moving average of $118.44 and a 200-day moving average of $133.22.
Piper Sandler Companies (NYSE:PIPR – Get Rating ) last announced its quarterly earnings results on Friday, April 29th. The company reported $3.12 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.32. Piper Sandler Companies had a net margin of 13.57% and a return on equity of 33.25%. The business had revenue of $361.79 million during the quarter, compared to analysts’ expectations of $326.34 million. In the same quarter last year, the company reported $4.13 EPS. The company’s revenue for the quarter was down 12.6% compared to the same quarter last year. equities analysts forecast that Piper Sandler Companies will post 13.67 earnings per share for the current year.
Piper Sandler Companies Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Friday, May 27th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, May 26th. This represents an annualized dividend of $2.40 and a yield of 2.24%. Piper Sandler Companies’s dividend payout ratio is currently 15.52%.
Piper Sandler Companies Profile
Piper Sandler Companies operates as an investment bank and institutional securities firm serving corporations, private equity groups, public entities, not-for-profit organizations and institutional investors in the United States and internationally. The company offers investment banking and institutional sales, trading and research services for a variety of equity and fixed income products.
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