EverSource Wealth Advisors LLC Acquires 87 Shares of Piper Sandler Companies (NYSE:PIPR)

EverSource Wealth Advisors LLC boosted its holdings in Piper Sandler Companies (NYSE:PIPR) by 30.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 375 shares of the financial services provider’s stock after acquiring an additional 87 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Piper Sandler Companies were worth $112,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Cerity Partners LLC grew its stake in shares of Piper Sandler Companies by 21.3% in the 3rd quarter. Cerity Partners LLC now owns 16,060 shares of the financial services provider’s stock valued at $4,558,000 after purchasing an additional 2,819 shares during the period. Barclays PLC grew its position in 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 during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Piper Sandler Companies by 336.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 314 shares of the financial services provider’s stock valued at $94,000 after acquiring an additional 242 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Piper Sandler Companies by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 205,226 shares of the financial services provider’s stock valued at $58,245,000 after acquiring an additional 2,689 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Piper Sandler Companies in the 3rd quarter worth about $624,000. Institutional investors and hedge funds own 72.79% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on PIPR. The Goldman Sachs Group reduced 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. StockNews.com downgraded Piper Sandler Companies from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Piper Sandler Companies in a report on Monday, February 3rd.

Piper Sandler Companies Stock Down 1.6 %

Shares of NYSE PIPR opened at $252.70 on Wednesday. Piper Sandler Companies has a 12-month low of $183.58 and a 12-month high of $351.80. The firm’s 50-day simple moving average is $276.34 and its 200 day simple moving average is $295.87. The company has a market cap of $4.48 billion, a price-to-earnings ratio of 24.73 and a beta of 1.46.

Piper Sandler Companies (NYSE:PIPR) last announced its earnings results on Friday, January 31st. The financial services provider reported $4.80 earnings per share (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 quarter last year, the business earned $4.03 EPS. On average, equities analysts expect that Piper Sandler Companies will post 14.14 earnings per share for the current year.

Piper Sandler Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th were given a $0.65 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $2.60 dividend on an annualized basis and a yield of 1.03%. Piper Sandler Companies’s payout ratio is 25.44%.

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.