Los Angeles Capital Management LLC Makes New Investment in Piper Sandler Companies (NYSE:PIPR)

Los Angeles Capital Management LLC acquired a new stake in shares of Piper Sandler Companies (NYSE:PIPR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,745 shares of the financial services provider’s stock, valued at approximately $523,000.

Other large investors have also modified their holdings of the company. IFP Advisors Inc boosted its holdings in shares of Piper Sandler Companies by 2,183.3% in the fourth quarter. IFP Advisors Inc now owns 137 shares of the financial services provider’s stock worth $43,000 after buying an additional 131 shares during the period. Allworth Financial LP boosted its stake in Piper Sandler Companies by 238.8% in the 4th quarter. Allworth Financial LP now owns 227 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 160 shares during the period. GAMMA Investing LLC grew 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 purchasing an additional 60 shares in the last quarter. Principal Securities Inc. grew its position in Piper Sandler Companies by 280.9% during the 4th quarter. Principal Securities Inc. now owns 339 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 250 shares in the last quarter. Finally, KBC Group NV raised its stake in Piper Sandler Companies by 20.9% during the 3rd quarter. KBC Group NV now owns 550 shares of the financial services provider’s stock valued at $156,000 after purchasing an additional 95 shares during the period. 72.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on PIPR shares. StockNews.com cut Piper Sandler Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. The Goldman Sachs Group raised their price objective on Piper Sandler Companies from $298.00 to $330.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Finally, JMP Securities reiterated a “market perform” rating on shares of Piper Sandler Companies in a report on Monday, February 3rd.

Piper Sandler Companies Stock Down 2.4 %

PIPR stock opened at $282.73 on Tuesday. The company has a 50 day moving average of $302.42 and a two-hundred day moving average of $308.43. Piper Sandler Companies has a 12-month low of $183.57 and a 12-month high of $351.80. The company has a market cap of $5.03 billion, a price-to-earnings ratio of 27.66 and a beta of 1.46.

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

Piper Sandler Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, March 4th will be paid a $0.65 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $2.60 annualized dividend and a dividend yield of 0.92%. Piper Sandler Companies’s payout ratio 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.