GW&K Investment Management LLC Has $96.24 Million Holdings in Piper Sandler Companies (NYSE:PIPR)

GW&K Investment Management LLC cut its holdings in shares of Piper Sandler Companies (NYSE:PIPR) by 16.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 320,863 shares of the financial services provider’s stock after selling 63,148 shares during the period. Piper Sandler Companies comprises approximately 0.8% of GW&K Investment Management LLC’s holdings, making the stock its 16th largest holding. GW&K Investment Management LLC owned approximately 1.80% of Piper Sandler Companies worth $96,243,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new stake in shares of Piper Sandler Companies during the fourth quarter worth $8,097,000. Illinois Municipal Retirement Fund lifted its position in Piper Sandler Companies by 3.7% during the 4th quarter. Illinois Municipal Retirement Fund now owns 8,935 shares of the financial services provider’s stock worth $2,680,000 after buying an additional 320 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Piper Sandler Companies during the 4th quarter worth about $523,000. IFP Advisors Inc grew its holdings in Piper Sandler Companies by 2,183.3% during the 4th quarter. IFP Advisors Inc now owns 137 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 131 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its position in Piper Sandler Companies by 13.3% in the 4th quarter. Handelsbanken Fonder AB now owns 4,272 shares of the financial services provider’s stock valued at $1,281,000 after acquiring an additional 500 shares in the last quarter. 72.79% of the stock is owned by institutional investors and hedge funds.

Piper Sandler Companies Trading Down 0.7 %

Shares of NYSE:PIPR opened at $281.29 on Friday. Piper Sandler Companies has a 1-year low of $183.57 and a 1-year high of $351.80. The stock has a market capitalization of $5.00 billion, a P/E ratio of 27.52 and a beta of 1.46. The business has a 50-day moving average price of $303.87 and a two-hundred day moving average price of $310.30.

Piper Sandler Companies (NYSE:PIPR) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.80 EPS for the quarter, topping the consensus estimate 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 in the previous year, the business posted $4.03 earnings per share. As a group, equities analysts predict that Piper Sandler Companies will post 14.14 EPS for the current year.

Piper Sandler Companies Dividend Announcement

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 given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Tuesday, March 4th. Piper Sandler Companies’s payout ratio is 25.44%.

Analysts Set New Price Targets

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