Piper Sandler Companies (NYSE:PIPR) Shares Purchased by West Oak Capital LLC

West Oak Capital LLC lifted its holdings in Piper Sandler Companies (NYSE:PIPR) by 650.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,500 shares of the financial services provider’s stock after purchasing an additional 1,300 shares during the quarter. West Oak Capital LLC’s holdings in Piper Sandler Companies were worth $45,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Commonwealth Equity Services LLC lifted its position in Piper Sandler Companies by 2.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,340 shares of the financial services provider’s stock worth $539,000 after acquiring an additional 54 shares during the period. TD Asset Management Inc acquired a new stake in Piper Sandler Companies during the 2nd quarter worth about $483,000. Victory Capital Management Inc. lifted its position in Piper Sandler Companies by 74.7% during the 2nd quarter. Victory Capital Management Inc. now owns 13,176 shares of the financial services provider’s stock worth $3,033,000 after acquiring an additional 5,636 shares during the period. Arizona State Retirement System lifted its position in Piper Sandler Companies by 1.7% during the 2nd quarter. Arizona State Retirement System now owns 4,950 shares of the financial services provider’s stock worth $1,139,000 after acquiring an additional 83 shares during the period. Finally, Choreo LLC acquired a new stake in Piper Sandler Companies during the 2nd quarter worth about $269,000. Institutional investors and hedge funds own 72.79% of the company’s stock.

Piper Sandler Companies Stock Down 5.3 %

Shares of PIPR stock opened at $281.88 on Friday. The stock has a market cap of $5.01 billion, a PE ratio of 30.12 and a beta of 1.46. The business has a 50-day simple moving average of $305.24 and a 200-day simple moving average of $310.93. Piper Sandler Companies has a 52-week low of $162.50 and a 52-week high of $351.80.

Piper Sandler Companies (NYSE:PIPR) last issued its quarterly earnings data on Friday, October 25th. The financial services provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.04. The business had revenue of $359.57 million during the quarter, compared to analysts’ expectations of $365.07 million. Piper Sandler Companies had a return on equity of 16.06% and a net margin of 10.84%. Sell-side analysts anticipate that Piper Sandler Companies will post 11.49 earnings per share for the current fiscal year.

Piper Sandler Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 22nd were paid a $0.65 dividend. The ex-dividend date was Friday, November 22nd. This represents a $2.60 annualized dividend and a dividend yield of 0.92%. Piper Sandler Companies’s dividend payout ratio is presently 27.78%.

Analysts Set New Price Targets

A number of brokerages have commented on PIPR. StockNews.com cut Piper Sandler Companies from a “buy” rating to a “hold” rating in a research report on Tuesday. The Goldman Sachs Group cut Piper Sandler Companies from a “buy” rating to a “neutral” rating and set a $317.00 price objective for the company. in a report on Monday, January 6th. Finally, JMP Securities reissued a “market perform” rating on shares of Piper Sandler Companies in a report on Tuesday, September 17th.

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.