Kesler Norman & Wride LLC Boosts Stake in Piper Sandler Companies (NYSE:PIPR)

Kesler Norman & Wride LLC raised its holdings in shares of Piper Sandler Companies (NYSE:PIPR) by 52.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,509 shares of the financial services provider’s stock after buying an additional 858 shares during the period. Kesler Norman & Wride LLC’s holdings in Piper Sandler Companies were worth $753,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. IFP Advisors Inc increased its stake in Piper Sandler Companies by 2,183.3% in the 4th quarter. IFP Advisors Inc now owns 137 shares of the financial services provider’s stock worth $43,000 after buying an additional 131 shares during the period. West Oak Capital LLC grew its stake in Piper Sandler Companies by 650.0% in the 4th quarter. West Oak Capital LLC now owns 1,500 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 1,300 shares in the last quarter. Allworth Financial LP raised its stake in shares of 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 acquiring an additional 160 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Piper Sandler Companies by 27.6% in the fourth 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. Finally, 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 worth $94,000 after purchasing an additional 242 shares in the last quarter. Institutional investors own 72.79% of the company’s stock.

Piper Sandler Companies Trading Up 3.0 %

Shares of NYSE PIPR opened at $259.03 on Thursday. Piper Sandler Companies has a 12-month low of $183.58 and a 12-month high of $351.80. The stock’s fifty day simple moving average is $259.45 and its two-hundred day simple moving average is $287.41. The stock has a market capitalization of $4.59 billion, a PE ratio of 25.35 and a beta of 1.38.

Piper Sandler Companies (NYSE:PIPR) last issued its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.80 earnings per share for the quarter, beating 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 prior year, the company earned $4.03 EPS. On average, equities analysts predict that Piper Sandler Companies will post 14.14 earnings per share for the current fiscal year.

Piper Sandler Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, March 4th were given a dividend of $0.65 per share. The ex-dividend date was Tuesday, March 4th. This represents a $2.60 dividend on an annualized basis and a yield of 1.00%. Piper Sandler Companies’s payout ratio is 25.44%.

Wall Street Analyst Weigh In

PIPR has been the subject of a number of research analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of Piper Sandler Companies in a research report on Monday, February 3rd. The Goldman Sachs Group lowered their price objective on shares of Piper Sandler Companies from $321.00 to $286.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Finally, StockNews.com cut shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th.

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.