Fisher Asset Management LLC Acquires 10,588 Shares of Piper Sandler Companies (NYSE:PIPR)

Fisher Asset Management LLC increased its holdings in shares of Piper Sandler Companies (NYSE:PIPR) by 7.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,909 shares of the financial services provider’s stock after acquiring an additional 10,588 shares during the period. Fisher Asset Management LLC owned approximately 0.88% of Piper Sandler Companies worth $46,765,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PIPR. Cerity Partners LLC lifted its holdings in shares of Piper Sandler Companies by 21.3% during the third quarter. Cerity Partners LLC now owns 16,060 shares of the financial services provider’s stock valued at $4,558,000 after purchasing an additional 2,819 shares during the last quarter. Barclays PLC raised its stake in Piper Sandler Companies by 307.2% during the third quarter. Barclays PLC now owns 32,328 shares of the financial services provider’s stock valued at $9,174,000 after buying an additional 24,388 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Piper Sandler Companies by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 205,226 shares of the financial services provider’s stock valued at $58,245,000 after buying an additional 2,689 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Piper Sandler Companies in the third quarter worth $624,000. Finally, Citigroup Inc. grew its stake in shares of Piper Sandler Companies by 63.4% in the third quarter. Citigroup Inc. now owns 21,496 shares of the financial services provider’s stock worth $6,101,000 after acquiring an additional 8,337 shares during the last quarter. Hedge funds and other institutional investors own 72.79% of the company’s stock.

Piper Sandler Companies Trading Up 2.9 %

Piper Sandler Companies stock opened at $289.66 on Monday. The company has a market cap of $5.15 billion, a price-to-earnings ratio of 28.34 and a beta of 1.46. Piper Sandler Companies has a 12 month low of $183.57 and a 12 month high of $351.80. The business has a fifty day simple moving average of $303.20.

Piper Sandler Companies (NYSE:PIPR) last released its quarterly earnings data 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 period in the prior year, the business posted $4.03 earnings per share. On average, research analysts expect that Piper Sandler Companies will post 14.14 earnings per share for the current fiscal year.

Piper Sandler Companies Dividend Announcement

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 issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $2.60 annualized dividend and a dividend yield of 0.90%. Piper Sandler Companies’s payout ratio is 25.44%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. StockNews.com lowered Piper Sandler Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. The Goldman Sachs Group lifted their target price on shares of Piper Sandler Companies from $298.00 to $330.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Finally, JMP Securities reiterated a “market perform” rating on shares of Piper Sandler Companies in a report on Monday, February 3rd.

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.