4,143 Shares in Piper Sandler Companies (NYSE:PIPR) Purchased by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. acquired a new position in Piper Sandler Companies (NYSE:PIPR) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 4,143 shares of the financial services provider’s stock, valued at approximately $1,246,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Piper Sandler Companies by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 2,063,590 shares of the financial services provider’s stock valued at $618,974,000 after purchasing an additional 31,400 shares during the last quarter. LPL Financial LLC grew its position in Piper Sandler Companies by 62.5% in the 4th quarter. LPL Financial LLC now owns 5,617 shares of the financial services provider’s stock worth $1,685,000 after purchasing an additional 2,161 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in Piper Sandler Companies during the 4th quarter valued at $1,080,000. Teacher Retirement System of Texas lifted its holdings in shares of Piper Sandler Companies by 53.9% during the 4th quarter. Teacher Retirement System of Texas now owns 8,981 shares of the financial services provider’s stock valued at $2,694,000 after buying an additional 3,146 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Piper Sandler Companies during the 4th quarter valued at $605,000. Institutional investors own 72.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PIPR. StockNews.com cut Piper Sandler Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. JMP Securities restated a “market perform” rating on shares of Piper Sandler Companies in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group lowered 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

Shares of Piper Sandler Companies stock opened at $268.70 on Wednesday. The stock has a market capitalization of $4.76 billion, a PE ratio of 26.29 and a beta of 1.46. Piper Sandler Companies has a 1-year low of $183.58 and a 1-year high of $351.80. The company’s fifty day simple moving average is $267.95 and its 200-day simple moving average is $291.67.

Piper Sandler Companies (NYSE:PIPR) last released its earnings results on Friday, January 31st. The financial services provider reported $4.80 earnings per share for the quarter, beating 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 in the prior year, the firm earned $4.03 EPS. As a group, research analysts anticipate that Piper Sandler Companies will post 14.14 EPS for the current year.

Piper Sandler Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, March 4th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.97%. The ex-dividend date was Tuesday, March 4th. Piper Sandler Companies’s dividend payout ratio is 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.