Arete Wealth Advisors LLC Purchases 146 Shares of Piper Sandler Companies (NYSE:PIPR)

Arete Wealth Advisors LLC lifted its position in shares of Piper Sandler Companies (NYSE:PIPR) by 13.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,250 shares of the financial services provider’s stock after acquiring an additional 146 shares during the quarter. Arete Wealth Advisors LLC’s holdings in Piper Sandler Companies were worth $375,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in PIPR. Vanguard Group Inc. lifted its position 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 worth $618,974,000 after acquiring an additional 31,400 shares in the last quarter. State Street Corp grew its holdings in 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 valued at $193,680,000 after buying an additional 2,137 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Piper Sandler Companies by 2.0% during the third quarter. Geode Capital Management LLC now owns 377,586 shares of the financial services provider’s stock valued at $107,184,000 after buying an additional 7,344 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Piper Sandler Companies by 2.3% in the fourth quarter. Alliancebernstein L.P. now owns 360,224 shares of the financial services provider’s stock worth $108,049,000 after buying an additional 8,066 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Piper Sandler Companies in the fourth quarter valued at approximately $68,696,000. Hedge funds and other institutional investors own 72.79% of the company’s stock.

Piper Sandler Companies Price Performance

PIPR stock opened at $215.64 on Friday. The firm has a 50 day simple moving average of $254.46 and a two-hundred day simple moving average of $284.92. The stock has a market cap of $3.82 billion, a PE ratio of 21.10 and a beta of 1.38. Piper Sandler Companies has a one year low of $183.58 and a one year high of $351.80.

Piper Sandler Companies (NYSE:PIPR) last announced its earnings results on Friday, January 31st. The financial services provider reported $4.80 earnings per share (EPS) 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 period last year, the firm earned $4.03 earnings per share. On average, research analysts expect that Piper Sandler Companies will post 14.14 EPS for the current fiscal year.

Piper Sandler Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, March 4th were given 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 1.21%. Piper Sandler Companies’s payout ratio is 25.44%.

Wall Street Analyst Weigh In

Several analysts have issued reports on PIPR shares. The Goldman Sachs Group lowered 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 note on Friday, March 14th. JMP Securities reiterated a “market perform” rating on shares of Piper Sandler Companies in a research report on Monday, February 3rd. Finally, StockNews.com lowered Piper Sandler Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th.

About Piper Sandler Companies

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.