Swiss National Bank Boosts Stock Position in Piper Sandler Companies (NYSE:PIPR)

Swiss National Bank lifted its holdings in Piper Sandler Companies (NYSE:PIPR) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 34,800 shares of the financial services provider’s stock after purchasing an additional 200 shares during the quarter. Swiss National Bank owned 0.20% of Piper Sandler Companies worth $10,438,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Arizona State Retirement System grew its holdings in shares of Piper Sandler Companies by 0.8% in the fourth quarter. Arizona State Retirement System now owns 5,137 shares of the financial services provider’s stock valued at $1,541,000 after purchasing an additional 40 shares in the last quarter. Coldstream Capital Management Inc. grew its holdings in shares of Piper Sandler Companies by 2.3% in the third quarter. Coldstream Capital Management Inc. now owns 1,845 shares of the financial services provider’s stock valued at $524,000 after purchasing an additional 41 shares in the last quarter. OneDigital Investment Advisors LLC grew its holdings in shares of Piper Sandler Companies by 2.7% in the third quarter. OneDigital Investment Advisors LLC now owns 2,176 shares of the financial services provider’s stock valued at $618,000 after purchasing an additional 58 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Piper Sandler Companies by 27.6% in the fourth quarter. GAMMA Investing LLC now owns 277 shares of the financial services provider’s stock valued at $83,000 after purchasing an additional 60 shares in the last quarter. Finally, MML Investors Services LLC grew its holdings in shares of Piper Sandler Companies by 4.3% in the third quarter. MML Investors Services LLC now owns 1,790 shares of the financial services provider’s stock valued at $508,000 after purchasing an additional 74 shares in the last quarter. 72.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on PIPR. StockNews.com lowered shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. The Goldman Sachs Group dropped their price objective on shares of Piper Sandler Companies from $321.00 to $286.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Piper Sandler Companies in a research note on Monday, February 3rd.

Piper Sandler Companies Trading Down 0.1 %

NYSE:PIPR opened at $257.35 on Friday. Piper Sandler Companies has a twelve month low of $183.58 and a twelve month high of $351.80. The company has a market cap of $4.56 billion, a price-to-earnings ratio of 25.18 and a beta of 1.46. The stock has a fifty day simple moving average of $272.95 and a 200-day simple moving average of $294.01.

Piper Sandler Companies (NYSE:PIPR) last released its earnings results on Friday, January 31st. The financial services provider reported $4.80 earnings per share for the quarter, topping the consensus estimate 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 quarter in the prior year, the business earned $4.03 earnings per share. As a group, equities research analysts predict that Piper Sandler Companies will post 14.14 EPS for the current fiscal year.

Piper Sandler Companies Dividend Announcement

The firm also recently announced 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 1.01%. Piper Sandler Companies’s dividend payout ratio (DPR) is 25.44%.

About Piper Sandler Companies

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.