26,996 Shares in Piper Sandler Companies (NYSE:PIPR) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in Piper Sandler Companies (NYSE:PIPR) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 26,996 shares of the financial services provider’s stock, valued at approximately $8,097,000.

Other hedge funds have also recently bought and sold shares of the company. Cerity Partners LLC lifted its stake in Piper Sandler Companies by 21.3% in the 3rd quarter. Cerity Partners LLC now owns 16,060 shares of the financial services provider’s stock worth $4,558,000 after acquiring an additional 2,819 shares in the last quarter. Barclays PLC lifted its stake in Piper Sandler Companies by 307.2% in the 3rd quarter. Barclays PLC now owns 32,328 shares of the financial services provider’s stock worth $9,174,000 after acquiring an additional 24,388 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Piper Sandler Companies by 336.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 314 shares of the financial services provider’s stock worth $94,000 after purchasing an additional 242 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Piper Sandler Companies by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 205,226 shares of the financial services provider’s stock worth $58,245,000 after purchasing an additional 2,689 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Piper Sandler Companies during the 3rd quarter worth about $624,000. 72.79% of the stock is owned by hedge funds and other institutional investors.

Piper Sandler Companies Stock Performance

Shares of NYSE PIPR opened at $254.06 on Friday. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of 24.86 and a beta of 1.46. The business’s 50-day simple moving average is $280.51 and its 200-day simple moving average is $297.56. Piper Sandler Companies has a 52 week low of $183.58 and a 52 week high of $351.80.

Piper Sandler Companies (NYSE:PIPR) last issued its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.80 EPS for the quarter, beating analysts’ consensus estimates of $3.99 by $0.81. Piper Sandler Companies had a return on equity of 17.00% and a net margin of 11.87%. During the same quarter last year, the business posted $4.03 EPS. As a group, equities research analysts forecast that Piper Sandler Companies will post 14.14 earnings per share for the current year.

Piper Sandler Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date was Tuesday, March 4th. Piper Sandler Companies’s dividend payout ratio is 25.44%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PIPR. StockNews.com downgraded Piper Sandler Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. JMP Securities reaffirmed a “market perform” rating on shares of Piper Sandler Companies in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group cut their price target on Piper Sandler Companies from $321.00 to $286.00 and set a “neutral” rating for the company in a research note on Friday.

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.