Ensign Peak Advisors Inc Acquires 1,270 Shares of Piper Sandler Companies (NYSE:PIPR)

Ensign Peak Advisors Inc raised its holdings in shares of Piper Sandler Companies (NYSE:PIPR) by 17.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 8,703 shares of the financial services provider’s stock after acquiring an additional 1,270 shares during the period. Ensign Peak Advisors Inc’s holdings in Piper Sandler Companies were worth $2,610,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC raised its position in shares of Piper Sandler Companies by 307.2% during the 3rd quarter. Barclays PLC now owns 32,328 shares of the financial services provider’s stock valued at $9,174,000 after acquiring an additional 24,388 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of 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 buying an additional 242 shares during the period. IFP Advisors Inc grew its holdings in shares of Piper Sandler Companies by 2,183.3% in the 4th quarter. IFP Advisors Inc now owns 137 shares of the financial services provider’s stock valued at $43,000 after buying an additional 131 shares during the period. Park Avenue Securities LLC grew its holdings in shares of Piper Sandler Companies by 46.9% in the 4th quarter. Park Avenue Securities LLC now owns 3,103 shares of the financial services provider’s stock valued at $931,000 after buying an additional 990 shares during the period. Finally, Arizona State Retirement System grew its holdings in shares of Piper Sandler Companies by 0.8% in the 4th quarter. Arizona State Retirement System now owns 5,137 shares of the financial services provider’s stock valued at $1,541,000 after buying an additional 40 shares during the period. Institutional investors own 72.79% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PIPR. JMP Securities reissued a “market perform” rating on shares of Piper Sandler Companies in a report on Monday, May 5th. The Goldman Sachs Group decreased their price target on shares of Piper Sandler Companies from $321.00 to $286.00 and set a “neutral” rating for the company in a report on Friday, March 14th.

Piper Sandler Companies Price Performance

Shares of PIPR stock opened at $265.40 on Friday. The firm has a market capitalization of $4.72 billion, a PE ratio of 25.97 and a beta of 1.50. Piper Sandler Companies has a 12-month low of $201.97 and a 12-month high of $351.80.

Piper Sandler Companies (NYSE:PIPR) last announced its earnings results on Friday, May 2nd. The financial services provider reported $4.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.85 by $1.24. The firm had revenue of $357.27 million during the quarter, compared to analyst estimates of $366.99 million. Piper Sandler Companies had a net margin of 11.87% and a return on equity of 17.00%. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.79 EPS. Equities analysts expect that Piper Sandler Companies will post 14.14 EPS for the current fiscal year.

Piper Sandler Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Friday, May 30th. Piper Sandler Companies’s payout ratio is presently 22.73%.

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.