Blue Trust Inc. Has $119,000 Stock Holdings in Piper Sandler Companies (NYSE:PIPR)

Blue Trust Inc. decreased its position in shares of Piper Sandler Companies (NYSE:PIPR) by 39.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 397 shares of the financial services provider’s stock after selling 260 shares during the quarter. Blue Trust Inc.’s holdings in Piper Sandler Companies were worth $119,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Coldstream Capital Management Inc. lifted its holdings in Piper Sandler Companies by 2.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,845 shares of the financial services provider’s stock worth $524,000 after buying an additional 41 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Piper Sandler Companies by 1.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 5,010 shares of the financial services provider’s stock valued at $1,422,000 after purchasing an additional 56 shares during the period. CWM LLC lifted its stake in shares of 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 purchasing an additional 57 shares during the period. OneDigital Investment Advisors LLC lifted its stake in shares of Piper Sandler Companies by 2.7% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,176 shares of the financial services provider’s stock valued at $618,000 after purchasing an additional 58 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Piper Sandler Companies by 27.6% in 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. Institutional investors and hedge funds own 72.79% of the company’s stock.

Piper Sandler Companies Stock Down 3.4 %

PIPR opened at $287.97 on Friday. Piper Sandler Companies has a 12 month low of $183.25 and a 12 month high of $351.80. The company has a fifty day simple moving average of $308.16 and a 200 day simple moving average of $313.31. The stock has a market cap of $5.12 billion, a P/E ratio of 28.18 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, beating 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 period in the previous year, the company posted $4.03 earnings per share. On average, equities research analysts expect that Piper Sandler Companies will post 14.14 earnings per share for the current fiscal year.

Piper Sandler Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, March 4th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Tuesday, March 4th. Piper Sandler Companies’s dividend payout ratio is currently 25.44%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. StockNews.com downgraded Piper Sandler Companies from a “buy” rating to a “hold” rating in a research note 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 increased their price target on 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.