Private Wealth Partners LLC Invests $664,000 in Piper Sandler Companies (NYSE:PIPR)

Private Wealth Partners LLC acquired a new stake in Piper Sandler Companies (NYSE:PIPR) during the fourth quarter, Holdings Channel.com reports. The firm acquired 2,215 shares of the financial services provider’s stock, valued at approximately $664,000.

A number of other large investors have also recently added to or reduced their stakes in PIPR. West Oak Capital LLC boosted its holdings 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 valued at $45,000 after acquiring an additional 1,300 shares during the period. Allworth Financial LP boosted its stake in Piper Sandler Companies by 238.8% during the 4th quarter. Allworth Financial LP now owns 227 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 160 shares during the period. GAMMA Investing LLC boosted its stake in Piper Sandler Companies by 27.6% during the 4th quarter. GAMMA Investing LLC now owns 277 shares of the financial services provider’s stock valued at $83,000 after purchasing an additional 60 shares during the period. CWM LLC grew its holdings in Piper Sandler Companies by 22.5% in the 3rd quarter. CWM LLC now owns 310 shares of the financial services provider’s stock valued at $88,000 after buying an additional 57 shares during the last quarter. Finally, Principal Securities Inc. increased its position in Piper Sandler Companies by 280.9% in the 4th quarter. Principal Securities Inc. now owns 339 shares of the financial services provider’s stock worth $102,000 after buying an additional 250 shares during the period. Institutional investors own 72.79% of the company’s stock.

Piper Sandler Companies Price Performance

Shares of PIPR stock opened at $306.36 on Thursday. Piper Sandler Companies has a one year low of $182.84 and a one year high of $351.80. The stock has a fifty day moving average price of $308.98 and a 200 day moving average price of $314.52. The stock has a market cap of $5.45 billion, a P/E ratio of 29.98 and a beta of 1.46.

Piper Sandler Companies (NYSE:PIPR) last released its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.80 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the business posted $4.03 earnings per share. Equities research analysts anticipate that Piper Sandler Companies will post 14.14 EPS for the current year.

Piper Sandler Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Tuesday, March 4th. Piper Sandler Companies’s payout ratio is 25.44%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PIPR. JMP Securities restated a “market perform” rating on shares of Piper Sandler Companies in a research note on Monday, February 3rd. StockNews.com downgraded shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, The Goldman Sachs Group increased their target price on shares of Piper Sandler Companies from $298.00 to $330.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd.

About Piper Sandler Companies

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.