Piper Sandler Companies (NYSE:PIPR) Stock Holdings Boosted by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its position in Piper Sandler Companies (NYSE:PIPR) by 53.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,981 shares of the financial services provider’s stock after purchasing an additional 3,146 shares during the quarter. Teacher Retirement System of Texas’ holdings in Piper Sandler Companies were worth $2,694,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc raised its holdings in shares of Piper Sandler Companies by 2,183.3% during the fourth quarter. IFP Advisors Inc now owns 137 shares of the financial services provider’s stock valued at $43,000 after buying an additional 131 shares during the last quarter. Allworth Financial LP raised its stake in Piper Sandler Companies by 238.8% during the 4th quarter. Allworth Financial LP now owns 227 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 160 shares in the last quarter. GAMMA Investing LLC boosted its position in Piper Sandler Companies by 27.6% during the 4th quarter. GAMMA Investing LLC now owns 277 shares of the financial services provider’s stock worth $83,000 after acquiring an additional 60 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Piper Sandler Companies by 336.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 314 shares of the financial services provider’s stock worth $94,000 after purchasing an additional 242 shares in the last quarter. Finally, Principal Securities Inc. increased its holdings in shares of Piper Sandler Companies by 280.9% during the fourth quarter. Principal Securities Inc. now owns 339 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 250 shares during the period. 72.79% of the stock is owned by institutional investors and hedge funds.

Piper Sandler Companies Stock Up 0.0 %

NYSE:PIPR opened at $268.70 on Wednesday. The business’s 50-day moving average price is $267.95 and its 200 day moving average price is $291.67. Piper Sandler Companies has a 52-week low of $183.58 and a 52-week 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.

Piper Sandler Companies (NYSE:PIPR) last released its earnings results on Friday, January 31st. The financial services provider reported $4.80 EPS for the quarter, topping 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 prior year, the company posted $4.03 EPS. Sell-side analysts expect that Piper Sandler Companies will post 14.14 EPS for the current year.

Piper Sandler Companies Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.97%. Piper Sandler Companies’s dividend payout ratio (DPR) is presently 25.44%.

Analyst Ratings Changes

A number of brokerages recently issued reports on PIPR. The Goldman Sachs Group decreased their target price on shares of Piper Sandler Companies from $321.00 to $286.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. JMP Securities reiterated a “market perform” rating on shares of Piper Sandler Companies in a research note 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.

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.