Los Angeles Capital Management LLC Acquires New Shares in Piper Sandler Companies (NYSE:PIPR)

Los Angeles Capital Management LLC bought a new position in shares of Piper Sandler Companies (NYSE:PIPR) during the 4th quarter, Holdings Channel.com reports. The firm bought 1,745 shares of the financial services provider’s stock, valued at approximately $523,000.

Several other hedge funds have also recently bought and sold shares of PIPR. IFP Advisors Inc boosted its stake in shares of Piper Sandler Companies by 2,183.3% during the 4th quarter. IFP Advisors Inc now owns 137 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 131 shares in the last quarter. West Oak Capital LLC lifted its holdings in Piper Sandler Companies by 650.0% in the 4th quarter. West Oak Capital LLC now owns 1,500 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 1,300 shares during the last quarter. Allworth Financial LP lifted its holdings in Piper Sandler Companies by 238.8% in the 4th quarter. Allworth Financial LP now owns 227 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 160 shares during the last quarter. GAMMA Investing LLC boosted its position in Piper Sandler Companies by 27.6% during the fourth quarter. GAMMA Investing LLC now owns 277 shares of the financial services provider’s stock worth $83,000 after purchasing an additional 60 shares during the period. Finally, Principal Securities Inc. grew its holdings in Piper Sandler Companies by 280.9% during the fourth quarter. Principal Securities Inc. now owns 339 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 250 shares during the last quarter. 72.79% of the stock is owned by institutional investors and hedge funds.

Piper Sandler Companies Stock Down 2.4 %

Shares of PIPR stock opened at $282.73 on Tuesday. Piper Sandler Companies has a 12 month low of $183.57 and a 12 month high of $351.80. The firm has a market cap of $5.03 billion, a PE ratio of 27.66 and a beta of 1.46. The stock has a 50 day moving average of $302.42 and a 200-day moving average of $308.43.

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 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 last year, the company earned $4.03 EPS. As a group, equities analysts predict that Piper Sandler Companies will post 14.14 EPS for the current fiscal year.

Piper Sandler Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, March 4th will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Tuesday, March 4th. Piper Sandler Companies’s payout ratio is presently 25.44%.

Wall Street Analysts Forecast Growth

PIPR has been the subject of a number of analyst reports. The Goldman Sachs Group boosted their price objective on shares of Piper Sandler Companies from $298.00 to $330.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. StockNews.com lowered shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Finally, JMP Securities reaffirmed 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.