Captrust Financial Advisors Purchases 749 Shares of Piper Sandler Companies (NYSE:PIPR)

Captrust Financial Advisors increased its position in shares of Piper Sandler Companies (NYSE:PIPR) by 31.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,100 shares of the financial services provider’s stock after buying an additional 749 shares during the period. Captrust Financial Advisors’ holdings in Piper Sandler Companies were worth $930,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in PIPR. IFP Advisors Inc boosted its position in Piper Sandler Companies by 2,183.3% during the 4th 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 in the last quarter. Allworth Financial LP boosted its position in Piper Sandler Companies by 238.8% during 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. Smartleaf Asset Management LLC grew its stake in Piper Sandler Companies by 336.1% in the fourth 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 during the last quarter. Principal Securities Inc. raised its holdings in Piper Sandler Companies by 280.9% in the fourth quarter. Principal Securities Inc. now owns 339 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 250 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Piper Sandler Companies by 30.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 375 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 87 shares in the last quarter. 72.79% of the stock is currently owned by institutional investors.

Piper Sandler Companies Trading Up 0.2%

Shares of PIPR stock opened at $265.40 on Friday. Piper Sandler Companies has a 1-year low of $201.97 and a 1-year high of $351.80. The firm has a market cap of $4.72 billion, a P/E ratio of 25.97 and a beta of 1.50.

Piper Sandler Companies (NYSE:PIPR) last issued its quarterly earnings results on Friday, May 2nd. The financial services provider reported $4.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.85 by $1.24. The business had revenue of $357.27 million for the quarter, compared to analyst estimates of $366.99 million. Piper Sandler Companies had a return on equity of 17.00% and a net margin of 11.87%. The company’s revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.79 earnings per share. On average, equities research analysts forecast that Piper Sandler Companies will post 14.14 earnings per share for the current fiscal year.

Piper Sandler Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.60 dividend on an annualized basis and a yield of 0.98%. Piper Sandler Companies’s payout ratio is 22.73%.

Wall Street Analysts Forecast Growth

PIPR has been the topic of a number of recent analyst reports. The Goldman Sachs Group lowered their price target on shares of Piper Sandler Companies from $321.00 to $286.00 and set a “neutral” rating on the stock in a report on Friday, March 14th. JMP Securities restated a “market perform” rating on shares of Piper Sandler Companies in a research note on Monday, May 5th.

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.