1 week Ago By ABMN Staff
Pictet Asset Management Holding SA increased its holdings in shares of Piper Sandler Companies ( NYSE:PIPR – Free Report ) by 22.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,761 shares of the financial services provider’s stock after acquiring an additional 509 shares during the quarter.
Pictet Asset Management Holding SA’s holdings in Piper Sandler Companies were worth $828,000 at the end of the most recent reporting period. Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc.
increased its stake 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 position in Piper Sandler Companies by 0.3% during the third 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 during the last quarter. Geode Capital Management LLC raised its stake in Piper Sandler Companies by 2.0% during the third quarter.
Geode Capital Management LLC now owns 377,586 shares of the financial services provider’s stock worth $107,184,000 after purchasing an additional 7,344 shares during the period. Norges Bank acquired a new position in Piper Sandler Companies in the 4th quarter valued at about $68,696,000. Finally, Stephens Investment Management Group LLC grew its stake in shares of Piper Sandler Companies by 3.
4% in the 4th quarter. Stephens Investment Management Group LLC now owns 214,554 shares of the financial services provider’s stock valued at $64,355,000 after buying an additional 6,970 shares during the period. Hedge funds and other institutional investors own 72.
79% of the company’s stock. Piper Sandler Companies Stock Performance NYSE:PIPR opened at $212.92 on Tuesday.
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 50 day moving average price of $251.66 and a 200 day moving average price of $283.64.
The stock has a market capitalization of $3.78 billion, a P/E ratio of 20.83 and a beta of 1.
38. Piper Sandler Companies Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th were given a dividend of $0.
65 per share. The ex-dividend date was Tuesday, March 4th. This represents a $2.
60 annualized dividend and a dividend yield of 1.22%. Piper Sandler Companies’s dividend payout ratio is presently 25.
44%. Wall Street Analyst Weigh In A number of research analysts recently commented on the company. The Goldman Sachs Group decreased 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 reiterated a “market perform” rating on shares of Piper Sandler Companies in a report on Monday, February 3rd.
Finally, StockNews.com downgraded Piper Sandler Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Check Out Our Latest Stock Analysis on PIPR Piper Sandler Companies Company 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. Recommended 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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