Bailard Inc. Takes $260,000 Position in Piper Sandler Companies (NYSE:PIPR)

Bailard Inc. acquired a new stake in shares of Piper Sandler Companies (NYSE:PIPR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 868 shares of the financial services provider’s stock, valued at approximately $260,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. IFP Advisors Inc increased its stake in Piper Sandler Companies by 2,183.3% in the 4th quarter. IFP Advisors Inc now owns 137 shares of the financial services provider’s stock valued at $43,000 after buying an additional 131 shares during the last quarter. West Oak Capital LLC grew its position in shares of Piper Sandler Companies by 650.0% in the fourth quarter. West Oak Capital LLC now owns 1,500 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 1,300 shares in the last quarter. Allworth Financial LP increased its position in shares of Piper Sandler Companies by 238.8% during the fourth quarter. Allworth Financial LP now owns 227 shares of the financial services provider’s stock valued at $70,000 after buying an additional 160 shares during the period. GAMMA Investing LLC increased its holdings in Piper Sandler Companies by 27.6% during the 4th quarter. GAMMA Investing LLC now owns 277 shares of the financial services provider’s stock worth $83,000 after acquiring an additional 60 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in shares of Piper Sandler Companies by 336.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 314 shares of the financial services provider’s stock worth $94,000 after buying an additional 242 shares in the last quarter. Institutional investors and hedge funds own 72.79% of the company’s stock.

Piper Sandler Companies Trading Up 0.9 %

Shares of NYSE:PIPR opened at $264.40 on Thursday. The stock has a fifty day simple moving average of $298.65 and a two-hundred day simple moving average of $306.60. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 25.87 and a beta of 1.46. Piper Sandler Companies has a 12-month low of $183.58 and a 12-month high of $351.80.

Piper Sandler Companies (NYSE:PIPR) last announced its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 prior year, the firm posted $4.03 EPS. As a group, equities research analysts predict that Piper Sandler Companies will post 14.14 EPS for the current year.

Piper Sandler Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.98%. Piper Sandler Companies’s payout ratio is currently 25.44%.

Analyst Upgrades and Downgrades

PIPR has been the subject of several research analyst reports. 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 increased their target price on Piper Sandler Companies from $298.00 to $330.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Finally, JMP Securities reissued 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.