Piper Sandler Companies (NYSE:PIPR) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P trimmed its position in Piper Sandler Companies (NYSE:PIPR) by 2.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 188,475 shares of the financial services provider’s stock after selling 5,508 shares during the period. Loomis Sayles & Co. L P owned 1.06% of Piper Sandler Companies worth $56,533,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in PIPR. Cerity Partners LLC lifted its holdings in shares of 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 purchasing an additional 2,819 shares during the last quarter. Barclays PLC raised its stake in shares of 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 buying an additional 24,388 shares in the last quarter. Smartleaf Asset Management LLC boosted its position 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 valued at $94,000 after purchasing an additional 242 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Piper Sandler Companies by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 205,226 shares of the financial services provider’s stock worth $58,245,000 after buying 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 third quarter valued at $624,000. 72.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. StockNews.com cut shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. JMP Securities reissued a “market perform” rating on shares of Piper Sandler Companies in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group dropped their target price on Piper Sandler Companies from $321.00 to $286.00 and set a “neutral” rating on the stock in a report on Friday, March 14th.

Piper Sandler Companies Trading Down 1.9 %

Shares of PIPR stock opened at $263.79 on Thursday. The company has a market capitalization of $4.68 billion, a P/E ratio of 25.81 and a beta of 1.46. Piper Sandler Companies has a 12 month low of $183.58 and a 12 month high of $351.80. The stock has a 50 day moving average of $266.26 and a two-hundred day moving average of $290.87.

Piper Sandler Companies (NYSE:PIPR) last released its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.80 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company earned $4.03 earnings per share. Sell-side analysts predict that Piper Sandler Companies will post 14.14 earnings per share for the current fiscal year.

Piper Sandler Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors 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 yield of 0.99%. The ex-dividend date of this dividend was Tuesday, March 4th. Piper Sandler Companies’s dividend payout ratio is currently 25.44%.

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.