EFG Asset Management North America Corp. Takes Position in Piper Sandler Companies (NYSE:PIPR)

EFG Asset Management North America Corp. purchased a new position in shares of Piper Sandler Companies (NYSE:PIPR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,143 shares of the financial services provider’s stock, valued at approximately $1,246,000.

Several other large investors have also bought and sold shares of PIPR. FMR LLC raised its position in shares of Piper Sandler Companies by 49.0% during the 3rd quarter. FMR LLC now owns 625,048 shares of the financial services provider’s stock valued at $177,395,000 after acquiring an additional 205,584 shares during the last quarter. Fred Alger Management LLC bought a new stake in Piper Sandler Companies in the third quarter valued at about $14,645,000. Vanguard Group Inc. lifted its stake in Piper Sandler Companies by 1.5% in 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 buying an additional 31,400 shares during the period. Proficio Capital Partners LLC bought a new position in Piper Sandler Companies during the fourth quarter worth about $8,097,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Piper Sandler Companies during the 4th quarter worth about $7,464,000. 72.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PIPR has been the topic of a number of analyst reports. JMP Securities reiterated a “market perform” rating on shares of Piper Sandler Companies in a research report on Monday, February 3rd. StockNews.com cut shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group decreased their price target on shares of Piper Sandler Companies from $321.00 to $286.00 and set a “neutral” rating for the company in a report on Friday, March 14th.

Piper Sandler Companies Price Performance

NYSE PIPR opened at $268.70 on Wednesday. Piper Sandler Companies has a one year low of $183.58 and a one year high of $351.80. The firm has a market cap of $4.76 billion, a P/E ratio of 26.29 and a beta of 1.46. The stock’s 50-day moving average is $267.95 and its 200-day moving average is $291.67.

Piper Sandler Companies (NYSE:PIPR) last announced its earnings results 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 net margin of 11.87% and a return on equity of 17.00%. During the same quarter in the prior year, the company posted $4.03 EPS. Equities analysts anticipate that Piper Sandler Companies will post 14.14 EPS for the current year.

Piper Sandler Companies Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 0.97%. Piper Sandler Companies’s dividend payout ratio is currently 25.44%.

Piper Sandler Companies Company 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.