4,707 Shares in Piper Sandler Companies (NYSE:PIPR) Purchased by Integrated Quantitative Investments LLC

Integrated Quantitative Investments LLC purchased a new stake in Piper Sandler Companies (NYSE:PIPR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,707 shares of the financial services provider’s stock, valued at approximately $1,412,000. Piper Sandler Companies makes up 0.7% of Integrated Quantitative Investments LLC’s investment portfolio, making the stock its 17th biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Arizona State Retirement System raised its stake in shares of Piper Sandler Companies by 0.8% during the 4th quarter. Arizona State Retirement System now owns 5,137 shares of the financial services provider’s stock worth $1,541,000 after acquiring an additional 40 shares in the last quarter. Coldstream Capital Management Inc. grew its holdings in Piper Sandler Companies by 2.3% in the third quarter. Coldstream Capital Management Inc. now owns 1,845 shares of the financial services provider’s stock worth $524,000 after purchasing an additional 41 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Piper Sandler Companies by 27.6% during 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 in the last quarter. MML Investors Services LLC lifted its holdings in shares of Piper Sandler Companies by 4.3% during the 3rd quarter. MML Investors Services LLC now owns 1,790 shares of the financial services provider’s stock valued at $508,000 after purchasing an additional 74 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Piper Sandler Companies by 30.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 375 shares of the financial services provider’s stock worth $112,000 after buying an additional 87 shares during the last quarter. 72.79% of the stock is currently owned by institutional investors.

Piper Sandler Companies Price Performance

NYSE:PIPR opened at $229.97 on Friday. Piper Sandler Companies has a 1-year low of $183.58 and a 1-year high of $351.80. The firm has a market capitalization of $4.08 billion, a P/E ratio of 22.50 and a beta of 1.38. The company’s fifty day moving average price is $257.41 and its 200-day moving average price is $286.41.

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

Piper Sandler Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th were issued a $0.65 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $2.60 dividend on an annualized basis and a yield of 1.13%. Piper Sandler Companies’s payout ratio is 25.44%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. StockNews.com downgraded shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. The Goldman Sachs Group dropped their target price on shares of Piper Sandler Companies from $321.00 to $286.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. Finally, JMP Securities reiterated a “market perform” rating on shares of Piper Sandler Companies 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.