Bailard Inc. Purchases Shares of 868 Piper Sandler Companies (NYSE:PIPR)

Bailard Inc. acquired a new position in shares of Piper Sandler Companies (NYSE:PIPR) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 868 shares of the financial services provider’s stock, valued at approximately $260,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its stake in Piper Sandler Companies by 336.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 314 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 242 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Piper Sandler Companies by 7.3% during the fourth quarter. Fisher Asset Management LLC now owns 155,909 shares of the financial services provider’s stock worth $46,765,000 after buying an additional 10,588 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Piper Sandler Companies in the fourth quarter valued at about $8,097,000. Illinois Municipal Retirement Fund grew its stake in shares of Piper Sandler Companies by 3.7% in the fourth quarter. Illinois Municipal Retirement Fund now owns 8,935 shares of the financial services provider’s stock valued at $2,680,000 after acquiring an additional 320 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in Piper Sandler Companies during the fourth quarter worth about $523,000. Institutional investors and hedge funds own 72.79% of the company’s stock.

Piper Sandler Companies Stock Up 0.9 %

PIPR stock opened at $264.40 on Thursday. Piper Sandler Companies has a 52 week low of $183.58 and a 52 week high of $351.80. The business has a 50-day simple moving average of $298.65 and a 200 day simple moving average of $306.60. The company has a market cap of $4.69 billion, a PE ratio of 25.87 and a beta of 1.46.

Piper Sandler Companies (NYSE:PIPR) last issued its earnings results on Friday, January 31st. The financial services provider reported $4.80 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 period in the previous year, the firm posted $4.03 earnings per share. On average, analysts anticipate that Piper Sandler Companies will post 14.14 EPS for the current fiscal year.

Piper Sandler Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Tuesday, March 4th. Piper Sandler Companies’s dividend payout ratio is presently 25.44%.

Wall Street Analyst Weigh In

PIPR has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their price objective on shares of Piper Sandler Companies from $298.00 to $330.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. JMP Securities reiterated a “market perform” rating on shares of Piper Sandler Companies in a research note on Monday, February 3rd. Finally, StockNews.com lowered Piper Sandler Companies from a “buy” rating to a “hold” rating in a research note 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.