Piper Sandler Companies (NYSE:PIPR) Stock Position Decreased by Kennedy Capital Management LLC

Kennedy Capital Management LLC decreased its position in Piper Sandler Companies (NYSE:PIPR) by 28.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 43,566 shares of the financial services provider’s stock after selling 17,642 shares during the period. Kennedy Capital Management LLC owned approximately 0.25% of Piper Sandler Companies worth $13,068,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quantinno Capital Management LP lifted its position in shares of Piper Sandler Companies by 5.7% in the 3rd quarter. Quantinno Capital Management LP now owns 2,642 shares of the financial services provider’s stock valued at $750,000 after acquiring an additional 142 shares in the last quarter. State Street Corp boosted its holdings in shares of Piper Sandler Companies by 0.3% during the 3rd quarter. State Street Corp now owns 682,430 shares of the financial services provider’s stock worth $193,680,000 after buying an additional 2,137 shares during the period. MML Investors Services LLC boosted 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 worth $508,000 after buying an additional 74 shares during the period. Barclays PLC boosted its holdings in Piper Sandler Companies by 307.2% in the 3rd quarter. Barclays PLC now owns 32,328 shares of the financial services provider’s stock valued at $9,174,000 after purchasing an additional 24,388 shares during the period. Finally, Vestcor Inc boosted its holdings in Piper Sandler Companies by 23.5% in the 3rd quarter. Vestcor Inc now owns 4,537 shares of the financial services provider’s stock valued at $1,288,000 after purchasing an additional 863 shares during the period. Institutional investors own 72.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on PIPR shares. StockNews.com downgraded shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. JMP Securities reissued a “market perform” rating on shares of Piper Sandler Companies in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group reduced their price objective on shares of Piper Sandler Companies from $321.00 to $286.00 and set a “neutral” rating on the stock in a research note on Friday, March 14th.

Piper Sandler Companies Price Performance

NYSE:PIPR opened at $240.49 on Thursday. Piper Sandler Companies has a one year low of $183.58 and a one year high of $351.80. The company has a market cap of $4.26 billion, a P/E ratio of 23.53 and a beta of 1.38. The firm’s fifty day moving average price is $246.26 and its two-hundred day moving average price is $279.73.

Piper Sandler Companies (NYSE:PIPR) last posted its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.80 earnings per share 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 earned $4.03 earnings per share. As a group, equities research analysts expect that Piper Sandler Companies will post 14.14 earnings per share for the current year.

Piper Sandler Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date was Tuesday, March 4th. Piper Sandler Companies’s dividend payout ratio is presently 25.44%.

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.