EFG Asset Management North America Corp. Buys New Position in Piper Sandler Companies (NYSE:PIPR)

EFG Asset Management North America Corp. purchased a new position in shares of Piper Sandler Companies (NYSE:PIPR) in the fourth quarter, HoldingsChannel reports. The fund purchased 4,143 shares of the financial services provider’s stock, valued at approximately $1,246,000.

Several other hedge funds also recently made changes to their positions in PIPR. IFP Advisors Inc increased its position in shares of Piper Sandler Companies by 2,183.3% in the fourth quarter. IFP Advisors Inc now owns 137 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 131 shares during the last quarter. Allworth Financial LP grew its stake in Piper Sandler Companies by 238.8% in the fourth 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 in the last quarter. GAMMA Investing LLC increased its position in shares of Piper Sandler Companies by 27.6% during the 4th quarter. GAMMA Investing LLC now owns 277 shares of the financial services provider’s stock worth $83,000 after purchasing an additional 60 shares during 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. Finally, Principal Securities Inc. boosted its holdings in shares of Piper Sandler Companies by 280.9% in the 4th quarter. Principal Securities Inc. now owns 339 shares of the financial services provider’s stock valued at $102,000 after buying an additional 250 shares during the last quarter. 72.79% of the stock is owned by institutional investors.

Piper Sandler Companies Trading Up 0.0 %

PIPR stock opened at $268.70 on Wednesday. Piper Sandler Companies has a 1-year low of $183.58 and a 1-year high of $351.80. The business’s 50 day simple moving average is $267.95 and its 200 day simple moving average is $291.67. The firm has a market capitalization of $4.76 billion, a PE ratio of 26.29 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 previous year, the business earned $4.03 earnings per share. As a group, sell-side analysts predict that Piper Sandler Companies will post 14.14 EPS for the current fiscal year.

Piper Sandler Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, March 4th were paid a $0.65 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $2.60 dividend on an annualized basis and a yield of 0.97%. Piper Sandler Companies’s dividend payout ratio (DPR) is currently 25.44%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on PIPR shares. JMP Securities restated a “market perform” rating on shares of Piper Sandler Companies in a report on Monday, February 3rd. The Goldman Sachs Group lowered their price objective on shares of Piper Sandler Companies from $321.00 to $286.00 and set a “neutral” rating on the stock in a research note on Friday, March 14th. Finally, StockNews.com downgraded shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th.

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.