Universal Beteiligungs und Servicegesellschaft mbH Makes New $3.45 Million Investment in Piper Sandler Companies (NYSE:PIPR)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Piper Sandler Companies (NYSE:PIPR) during the 1st quarter, Holdings Channel reports. The firm purchased 13,909 shares of the financial services provider’s stock, valued at approximately $3,445,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Y Intercept Hong Kong Ltd acquired a new stake in Piper Sandler Companies in the 1st quarter worth $1,011,000. GW&K Investment Management LLC grew its position in Piper Sandler Companies by 0.8% in the 1st quarter. GW&K Investment Management LLC now owns 323,483 shares of the financial services provider’s stock worth $80,114,000 after purchasing an additional 2,620 shares during the last quarter. IFP Advisors Inc grew its position in Piper Sandler Companies by 80.3% in the 1st quarter. IFP Advisors Inc now owns 247 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 110 shares during the last quarter. Morse Asset Management Inc grew its position in Piper Sandler Companies by 5.8% in the 1st quarter. Morse Asset Management Inc now owns 1,900 shares of the financial services provider’s stock worth $471,000 after purchasing an additional 105 shares during the last quarter. Finally, Signaturefd LLC grew its position in Piper Sandler Companies by 174.8% in the 1st quarter. Signaturefd LLC now owns 338 shares of the financial services provider’s stock worth $84,000 after purchasing an additional 215 shares during the last quarter. 72.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PIPR has been the subject of a number of analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of Piper Sandler Companies in a report on Monday, May 5th. Wolfe Research raised shares of Piper Sandler Companies from a “peer perform” rating to an “outperform” rating and set a $339.00 price objective for the company in a report on Thursday, July 10th.

Piper Sandler Companies Stock Performance

NYSE:PIPR opened at $314.03 on Tuesday. The firm has a market capitalization of $5.58 billion, a price-to-earnings ratio of 27.45 and a beta of 1.48. Piper Sandler Companies has a 12 month low of $202.91 and a 12 month high of $351.80. The company has a 50-day moving average price of $276.86.

Piper Sandler Companies (NYSE:PIPR) last released its quarterly earnings results 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 firm had revenue of $357.27 million for the quarter, compared to analyst estimates of $366.99 million. Piper Sandler Companies had a net margin of 13.20% and a return on equity of 18.32%. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.79 earnings per share. 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 declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a $0.65 dividend. The ex-dividend date was Friday, May 30th. This represents a $2.60 dividend on an annualized basis and a yield of 0.83%. Piper Sandler Companies’s dividend payout ratio (DPR) is presently 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.