500 Shares in Piper Sandler Companies (NYSE:PIPR) Bought by Ramirez Asset Management Inc.

Ramirez Asset Management Inc. bought a new position in shares of Piper Sandler Companies (NYSE:PIPR) in the 4th quarter, HoldingsChannel.com reports. The firm bought 500 shares of the financial services provider’s stock, valued at approximately $150,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Level Four Advisory Services LLC purchased a new position in shares of Piper Sandler Companies during the fourth quarter worth about $307,000. Pictet Asset Management Holding SA grew its stake in Piper Sandler Companies by 22.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 2,761 shares of the financial services provider’s stock worth $828,000 after buying an additional 509 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Piper Sandler Companies in the 4th quarter worth $488,000. Norges Bank purchased a new stake in shares of Piper Sandler Companies during the 4th quarter valued at $68,696,000. Finally, EFG Asset Management North America Corp. bought a new stake in shares of Piper Sandler Companies during the 4th quarter worth $1,246,000. 72.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Piper Sandler Companies Stock Performance

Shares of PIPR stock opened at $253.93 on Friday. The stock has a 50 day moving average price of $264.48 and a two-hundred day moving average price of $290.06. Piper Sandler Companies has a fifty-two week low of $183.58 and a fifty-two week high of $351.80. The company has a market capitalization of $4.50 billion, a P/E ratio of 24.85 and a beta of 1.46.

Piper Sandler Companies (NYSE:PIPR) last released its quarterly earnings data 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 period in the previous year, the business earned $4.03 EPS. As a group, equities analysts predict that Piper Sandler Companies will post 14.14 earnings per share for the current year.

Piper Sandler Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $2.60 annualized dividend and a dividend yield of 1.02%. Piper Sandler Companies’s dividend payout ratio (DPR) is presently 25.44%.

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.