Choreo LLC Decreases Position in Piper Sandler Companies (NYSE:PIPR)

Choreo LLC decreased its holdings in shares of Piper Sandler Companies (NYSE:PIPR) by 32.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,087 shares of the financial services provider’s stock after selling 534 shares during the quarter. Choreo LLC’s holdings in Piper Sandler Companies were worth $324,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. CWM LLC increased its holdings in shares of Piper Sandler Companies by 22.5% in the third quarter. CWM LLC now owns 310 shares of the financial services provider’s stock valued at $88,000 after purchasing an additional 57 shares during the period. Creative Planning increased its holdings in shares of Piper Sandler Companies by 34.8% in the third quarter. Creative Planning now owns 9,287 shares of the financial services provider’s stock valued at $2,636,000 after purchasing an additional 2,399 shares during the period. ZWJ Investment Counsel Inc. acquired a new position in shares of Piper Sandler Companies in the third quarter valued at approximately $222,000. Blue Trust Inc. increased its holdings in shares of Piper Sandler Companies by 486.6% in the third quarter. Blue Trust Inc. now owns 657 shares of the financial services provider’s stock valued at $186,000 after purchasing an additional 545 shares during the period. Finally, Raymond James & Associates grew its holdings in Piper Sandler Companies by 5.3% during the third quarter. Raymond James & Associates now owns 29,325 shares of the financial services provider’s stock worth $8,323,000 after acquiring an additional 1,484 shares during the period. Hedge funds and other institutional investors own 72.79% of the company’s stock.

Piper Sandler Companies Price Performance

Shares of NYSE:PIPR opened at $300.57 on Friday. The firm has a market capitalization of $5.34 billion, a PE ratio of 29.41 and a beta of 1.46. The business has a 50-day moving average of $306.10 and a two-hundred day moving average of $316.36. Piper Sandler Companies has a 12 month low of $182.24 and a 12 month high of $351.80.

Piper Sandler Companies (NYSE:PIPR) last posted its earnings results on Friday, January 31st. The financial services provider reported $4.80 earnings per share (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 period last year, the company earned $4.03 earnings per share. As a group, research analysts anticipate that Piper Sandler Companies will post 14.14 earnings per share for the current year.

Piper Sandler Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.87%. Piper Sandler Companies’s dividend payout ratio (DPR) is currently 25.44%.

Analyst Ratings Changes

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