Piper Sandler Companies (NYSE:PIPR) Shares Purchased by Xponance Inc.

Xponance Inc. raised its stake in shares of Piper Sandler Companies (NYSE:PIPR) by 5.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,305 shares of the financial services provider’s stock after buying an additional 64 shares during the quarter. Xponance Inc.’s holdings in Piper Sandler Companies were worth $323,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Piper Sandler Companies by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 2,063,590 shares of the financial services provider’s stock valued at $618,974,000 after buying an additional 31,400 shares during the last quarter. Invesco Ltd. grew its holdings in Piper Sandler Companies by 17.2% during the 4th quarter. Invesco Ltd. now owns 697,824 shares of the financial services provider’s stock valued at $209,312,000 after buying an additional 102,426 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Piper Sandler Companies by 2.3% during the 4th quarter. Alliancebernstein L.P. now owns 360,224 shares of the financial services provider’s stock valued at $108,049,000 after buying an additional 8,066 shares during the last quarter. Norges Bank acquired a new stake in Piper Sandler Companies during the 4th quarter valued at $68,696,000. Finally, Northern Trust Corp grew its holdings in Piper Sandler Companies by 9.4% during the 4th quarter. Northern Trust Corp now owns 200,005 shares of the financial services provider’s stock valued at $59,991,000 after buying an additional 17,120 shares during the last quarter. Institutional investors and hedge funds own 72.79% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wolfe Research upgraded Piper Sandler Companies from a “peer perform” rating to an “outperform” rating and set a $339.00 target price on the stock in a report on Thursday, July 10th. JMP Securities restated a “market perform” rating on shares of Piper Sandler Companies in a report on Monday, May 5th.

Piper Sandler Companies Stock Performance

Shares of NYSE:PIPR opened at $312.64 on Friday. The stock has a market capitalization of $5.56 billion, a P/E ratio of 27.33 and a beta of 1.48. Piper Sandler Companies has a 52 week low of $202.91 and a 52 week high of $351.80. The firm has a fifty day simple moving average of $271.06.

Piper Sandler Companies (NYSE:PIPR) last announced its quarterly earnings data on Friday, May 2nd. The financial services provider reported $4.09 EPS for the quarter, beating analysts’ consensus estimates of $2.85 by $1.24. The business had revenue of $357.27 million during the quarter, compared to the consensus estimate of $366.99 million. Piper Sandler Companies had a return on equity of 18.32% and a net margin of 13.20%. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.79 earnings per share. Research analysts forecast that Piper Sandler Companies will post 14.14 earnings per share for the current year.

Piper Sandler Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend was Friday, May 30th. Piper Sandler Companies’s dividend payout ratio is currently 22.73%.

Piper Sandler Companies Company 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.