Farmers & Merchants Investments Inc. Has $423,000 Stock Holdings in Piper Sandler Companies (NYSE:PIPR)

Farmers & Merchants Investments Inc. lowered its holdings in Piper Sandler Companies (NYSE:PIPR) by 6.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,410 shares of the financial services provider’s stock after selling 100 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Piper Sandler Companies were worth $423,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in PIPR. Coldstream Capital Management Inc. lifted its holdings in shares of Piper Sandler Companies by 2.3% during the third quarter. Coldstream Capital Management Inc. now owns 1,845 shares of the financial services provider’s stock valued at $524,000 after acquiring an additional 41 shares during the period. Harbor Capital Advisors Inc. grew its holdings in shares of Piper Sandler Companies by 1.1% during the third quarter. Harbor Capital Advisors Inc. now owns 5,010 shares of the financial services provider’s stock worth $1,422,000 after purchasing an additional 56 shares during the last quarter. CWM LLC raised its stake 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 worth $88,000 after acquiring an additional 57 shares during the last quarter. OneDigital Investment Advisors LLC boosted its position in 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 buying an additional 58 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Piper Sandler Companies by 27.6% in the fourth quarter. GAMMA Investing LLC now owns 277 shares of the financial services provider’s stock worth $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 Trading Down 2.0 %

NYSE:PIPR opened at $313.12 on Friday. The stock has a market cap of $5.57 billion, a price-to-earnings ratio of 30.62 and a beta of 1.46. The stock has a 50-day moving average price of $305.09 and a two-hundred day moving average price of $315.81. Piper Sandler Companies has a 1 year low of $177.80 and a 1 year 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, topping 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 quarter in the previous year, the business posted $4.03 earnings per share. Sell-side analysts forecast that Piper Sandler Companies will post 14.14 earnings per share for the current year.

Piper Sandler Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Tuesday, March 4th. Piper Sandler Companies’s dividend payout ratio (DPR) is currently 25.44%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Piper Sandler Companies in a report on Monday, February 3rd. The Goldman Sachs Group upped their price objective on Piper Sandler Companies from $298.00 to $330.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Finally, StockNews.com lowered Piper Sandler Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th.

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.