Piper Sandler Companies $PIPR Shares Bought by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC increased its holdings in Piper Sandler Companies (NYSE:PIPR) by 13.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,893 shares of the company’s stock after buying an additional 11,033 shares during the period. TimesSquare Capital Management LLC owned about 0.53% of Piper Sandler Companies worth $31,896,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Whittier Trust Co. purchased a new position in shares of Piper Sandler Companies during the 3rd quarter worth about $31,000. Danske Bank A S acquired a new stake in Piper Sandler Companies during the 3rd quarter worth approximately $35,000. Geneos Wealth Management Inc. increased its position in Piper Sandler Companies by 46.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 170 shares of the company’s stock worth $42,000 after purchasing an additional 54 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in Piper Sandler Companies during the 4th quarter worth approximately $70,000. Finally, Horizon Investments LLC acquired a new stake in Piper Sandler Companies during the 4th quarter worth approximately $70,000. 72.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PIPR shares. Northland Securities raised shares of Piper Sandler Companies from a “market perform” rating to an “outperform” rating and set a $87.50 price target for the company in a research report on Wednesday, March 4th. Wall Street Zen downgraded shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Zacks Research downgraded shares of Piper Sandler Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. The Goldman Sachs Group reissued a “buy” rating and set a $97.00 price target on shares of Piper Sandler Companies in a research report on Tuesday, April 14th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Piper Sandler Companies in a research report on Friday, January 23rd. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $95.06.

Piper Sandler Companies Price Performance

Shares of PIPR opened at $79.07 on Tuesday. The business’s fifty day moving average price is $79.94 and its 200 day moving average price is $83.13. Piper Sandler Companies has a 12-month low of $61.01 and a 12-month high of $95.07. The stock has a market capitalization of $5.62 billion, a PE ratio of 19.97, a price-to-earnings-growth ratio of 1.58 and a beta of 1.47.

Piper Sandler Companies (NYSE:PIPR) last announced its quarterly earnings data on Thursday, May 7th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.15. Piper Sandler Companies had a return on equity of 21.09% and a net margin of 13.94%.The firm had revenue of $469.54 million for the quarter, compared to analysts’ expectations of $436.30 million. During the same period last year, the business posted $4.09 earnings per share. The firm’s revenue for the quarter was up 32.7% on a year-over-year basis. As a group, research analysts anticipate that Piper Sandler Companies will post 4.57 earnings per share for the current fiscal year.

Piper Sandler Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.0%. This is a boost from Piper Sandler Companies’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, May 29th. Piper Sandler Companies’s dividend payout ratio (DPR) is 17.68%.

Piper Sandler Companies Company Profile

Piper Sandler Companies (NYSE: PIPR) is an investment bank and institutional securities firm that provides a range of capital markets and advisory services to corporations, institutions, municipalities and high-net-worth individuals. The firm’s core activities include investment banking and M&A advisory, underwriting and distribution of equity and debt securities, public finance, and sector-focused advisory across industries such as healthcare, energy, financial services and technology.

In addition to traditional investment banking, Piper Sandler offers equity and fixed income research, institutional sales and trading, and market-making services.