12,570 Shares in Piper Sandler Companies (NYSE:PIPR) Acquired by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC purchased a new position in shares of Piper Sandler Companies (NYSE:PIPR) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 12,570 shares of the financial services provider’s stock, valued at approximately $3,770,000. Lisanti Capital Growth LLC owned about 0.07% of Piper Sandler Companies at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of PIPR. US Bancorp DE grew its position in Piper Sandler Companies by 6.7% during the 3rd quarter. US Bancorp DE now owns 7,503 shares of the financial services provider’s stock worth $2,130,000 after acquiring an additional 471 shares during the last quarter. Concurrent Investment Advisors LLC bought a new stake in Piper Sandler Companies during the 3rd quarter worth approximately $201,000. Crossmark Global Holdings Inc. grew its position in Piper Sandler Companies by 42.0% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 1,548 shares of the financial services provider’s stock worth $439,000 after acquiring an additional 458 shares during the last quarter. Versor Investments LP bought a new stake in Piper Sandler Companies during the 3rd quarter worth approximately $880,000. Finally, Victory Capital Management Inc. grew its position in Piper Sandler Companies by 20.6% during the 3rd quarter. Victory Capital Management Inc. now owns 15,889 shares of the financial services provider’s stock worth $4,509,000 after acquiring an additional 2,713 shares during the last quarter. 72.79% of the stock is currently owned by institutional investors.

Piper Sandler Companies Stock Performance

Shares of PIPR opened at $256.09 on Friday. The firm has a market capitalization of $4.54 billion, a price-to-earnings ratio of 25.06 and a beta of 1.46. The business’s fifty day moving average price is $296.49 and its two-hundred day moving average price is $305.40. Piper Sandler Companies has a 52 week low of $183.58 and a 52 week high of $351.80.

Piper Sandler Companies (NYSE:PIPR) last posted its quarterly earnings results 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 period in the prior year, the company posted $4.03 EPS. As a group, research analysts forecast that Piper Sandler Companies will post 14.14 EPS for the current year.

Piper Sandler Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Tuesday, March 4th. Piper Sandler Companies’s dividend payout ratio (DPR) is currently 25.44%.

Analyst Ratings Changes

PIPR has been the topic of a number of recent research reports. JMP Securities reiterated a “market perform” rating on shares of Piper Sandler Companies in a research report on Monday, February 3rd. StockNews.com lowered Piper Sandler Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group increased their price objective on Piper Sandler Companies from $298.00 to $330.00 and gave the company a “neutral” rating 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.