Orion Portfolio Solutions LLC Has $4.46 Million Position in Piper Sandler Companies (NYSE:PIPR)

Orion Portfolio Solutions LLC decreased its holdings in shares of Piper Sandler Companies (NYSE:PIPR) by 14.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,873 shares of the financial services provider’s stock after selling 2,588 shares during the period. Orion Portfolio Solutions LLC’s holdings in Piper Sandler Companies were worth $4,461,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in PIPR. Vanguard Group Inc. raised its holdings in shares of Piper Sandler Companies by 1.5% in the 4th 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 during the last quarter. State Street Corp increased 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 worth $193,680,000 after purchasing an additional 2,137 shares in the last quarter. FMR LLC raised its stake in shares of Piper Sandler Companies by 49.0% in the third quarter. FMR LLC now owns 625,048 shares of the financial services provider’s stock worth $177,395,000 after purchasing an additional 205,584 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Piper Sandler Companies by 2.0% in 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 purchasing an additional 7,344 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Piper Sandler Companies during the fourth quarter valued at approximately $68,696,000. 72.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. StockNews.com cut Piper Sandler Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. The Goldman Sachs Group dropped their price target on shares of Piper Sandler Companies from $321.00 to $286.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. 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 Stock Performance

PIPR stock opened at $247.06 on Monday. The stock has a market capitalization of $4.38 billion, a PE ratio of 24.17 and a beta of 1.46. The stock has a fifty day simple moving average of $262.84. Piper Sandler Companies has a 1-year low of $183.58 and a 1-year high of $351.80.

Piper Sandler Companies (NYSE:PIPR) last posted its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.80 earnings per share for the quarter, beating 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 last year, the company earned $4.03 earnings per share. As a group, equities research analysts forecast that Piper Sandler Companies will post 14.14 earnings per share for the current year.

Piper Sandler Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, March 4th were issued a $0.65 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.05%. Piper Sandler Companies’s dividend payout ratio (DPR) is presently 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.