Price T Rowe Associates Inc. MD Has $3.55 Million Holdings in Piper Sandler Companies (NYSE:PIPR)

Price T Rowe Associates Inc. MD boosted its stake in Piper Sandler Companies (NYSE:PIPR) by 4.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,834 shares of the financial services provider’s stock after buying an additional 513 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.07% of Piper Sandler Companies worth $3,550,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. 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 worth $43,000 after purchasing an additional 131 shares during the last quarter. West Oak Capital LLC grew its stake in Piper Sandler Companies by 650.0% during the fourth quarter. West Oak Capital LLC now owns 1,500 shares of the financial services provider’s stock worth $45,000 after buying an additional 1,300 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Piper Sandler Companies by 238.8% during the fourth quarter. Allworth Financial LP now owns 227 shares of the financial services provider’s stock worth $70,000 after buying an additional 160 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Piper Sandler Companies by 27.6% in the fourth quarter. GAMMA Investing LLC now owns 277 shares of the financial services provider’s stock valued at $83,000 after acquiring an additional 60 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted 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 worth $94,000 after acquiring an additional 242 shares in the last quarter. 72.79% of the stock is currently owned by institutional investors.

Piper Sandler Companies Trading Down 1.8 %

Shares of PIPR opened at $247.41 on Tuesday. The firm has a market cap of $4.40 billion, a PE ratio of 24.21 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 released its earnings results on Friday, May 2nd. The financial services provider reported $4.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.85 by $1.24. Piper Sandler Companies had a net margin of 11.87% and a return on equity of 17.00%. The company had revenue of $357.27 million for the quarter, compared to the consensus estimate of $366.99 million. During the same period in the prior year, the company posted $2.79 EPS. The company’s revenue was up 14.7% compared to the same quarter last year. Research 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, June 13th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Friday, May 30th. Piper Sandler Companies’s dividend payout ratio is presently 22.73%.

Analysts Set New Price Targets

A number of research firms have commented on PIPR. StockNews.com lowered Piper Sandler Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. The Goldman Sachs Group reduced their price target on shares of Piper Sandler Companies from $321.00 to $286.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. Finally, JMP Securities reissued a “market perform” rating on shares of Piper Sandler Companies in a report on Monday.

Piper Sandler Companies 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.