2 days Ago By ABMN Staff
LPL Financial LLC grew its holdings in Piper Sandler Companies ( NYSE:PIPR – Free Report ) by 62.5% in the 4th quarter, HoldingsChannel reports. The firm owned 5,617 shares of the financial services provider’s stock after purchasing an additional 2,161 shares during the quarter.
LPL Financial LLC’s holdings in Piper Sandler Companies were worth $1,685,000 as of its most recent SEC filing. A number of other institutional investors have also recently made changes to their positions in the business. Proficio Capital Partners LLC acquired a new position in shares of Piper Sandler Companies in the 4th quarter valued at $8,097,000.
Raymond James Financial Inc. acquired a new stake in shares of Piper Sandler Companies in the 4th quarter worth $7,464,000. Barclays PLC boosted its holdings in shares of Piper Sandler Companies by 307.
2% in the third quarter. Barclays PLC now owns 32,328 shares of the financial services provider’s stock valued at $9,174,000 after acquiring an additional 24,388 shares in the last quarter. Van ECK Associates Corp acquired a new position in shares of Piper Sandler Companies during the fourth quarter worth about $4,275,000.
Finally, Lisanti Capital Growth LLC purchased a new position in Piper Sandler Companies during the fourth quarter worth about $3,770,000. Institutional investors and hedge funds own 72.79% of the company’s stock.
Wall Street Analysts Forecast Growth A number of equities research analysts have weighed in on the company. The Goldman Sachs Group lowered their price objective on Piper Sandler Companies from $321.00 to $286.
00 and set a “neutral” rating on the stock in a report on Friday, March 14th. JMP Securities restated a “market perform” rating on shares of Piper Sandler Companies in a research note on Monday, February 3rd. Finally, StockNews.
com cut Piper Sandler Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Piper Sandler Companies Trading Down 0.5 % Shares of PIPR opened at $223.
43 on Thursday. The firm’s 50-day moving average is $240.61 and its two-hundred day moving average is $274.
83. Piper Sandler Companies has a twelve month low of $183.58 and a twelve month high of $351.
80. The firm has a market capitalization of $3.96 billion, a P/E ratio of 21.
86 and a beta of 1.38. Piper Sandler Companies ( NYSE:PIPR – Get Free Report ) last released its quarterly earnings results on Friday, January 31st.
The financial services provider reported $4.80 earnings per share for the quarter, topping analysts’ consensus estimates 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 previous year, the company posted $4.03 EPS.
Analysts predict that Piper Sandler Companies will post 14.14 EPS for the current year. Piper Sandler Companies Announces Dividend The company also recently declared 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. This represents a $2.
60 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Tuesday, March 4th.
Piper Sandler Companies’s dividend payout ratio (DPR) is presently 25.44%. Piper Sandler Companies Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding PIPR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Piper Sandler Companies ( NYSE:PIPR – Free Report ).
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