Private Wealth Partners LLC Invests $664,000 in Piper Sandler Companies (NYSE:PIPR)

Private Wealth Partners LLC purchased a new stake in shares of Piper Sandler Companies (NYSE:PIPR) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 2,215 shares of the financial services provider’s stock, valued at approximately $664,000.

A number of other hedge funds have also recently modified their holdings of PIPR. Coldstream Capital Management Inc. boosted its holdings in Piper Sandler Companies by 2.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 1,845 shares of the financial services provider’s stock valued at $524,000 after purchasing an additional 41 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Piper Sandler Companies by 1.1% in the third quarter. Harbor Capital Advisors Inc. now owns 5,010 shares of the financial services provider’s stock valued at $1,422,000 after acquiring an additional 56 shares during the last quarter. CWM LLC increased its stake in Piper Sandler Companies by 22.5% during 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 increased its stake in Piper Sandler Companies by 2.7% during the third quarter. OneDigital Investment Advisors LLC now owns 2,176 shares of the financial services provider’s stock worth $618,000 after acquiring an additional 58 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Piper Sandler Companies by 27.6% in the 4th 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 last quarter. Hedge funds and other institutional investors own 72.79% of the company’s stock.

Piper Sandler Companies Trading Down 1.0 %

PIPR stock opened at $306.36 on Thursday. The business’s fifty day moving average price is $308.98 and its 200 day moving average price is $314.52. Piper Sandler Companies has a 12-month low of $182.84 and a 12-month high of $351.80. The company has a market capitalization of $5.45 billion, a PE ratio of 29.98 and a beta of 1.46.

Piper Sandler Companies (NYSE:PIPR) last issued its quarterly 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 net margin of 11.87% and a return on equity of 17.00%. During the same quarter last year, the firm earned $4.03 EPS. Research analysts predict that Piper Sandler Companies will post 14.14 EPS for the current fiscal year.

Piper Sandler Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $2.60 dividend on an annualized basis and a yield of 0.85%. Piper Sandler Companies’s dividend payout ratio (DPR) is presently 25.44%.

Wall Street Analyst Weigh In

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

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.