Dorsey & Whitney Trust CO LLC Has $2.45 Million Stock Position in Piper Sandler Companies (NYSE:PIPR)

Dorsey & Whitney Trust CO LLC lowered its holdings in shares of Piper Sandler Companies (NYSE:PIPR) by 6.5% in the 4th quarter, HoldingsChannel reports. The firm owned 8,158 shares of the financial services provider’s stock after selling 570 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Piper Sandler Companies were worth $2,447,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Edgestream Partners L.P. grew its stake in Piper Sandler Companies by 76.6% in the fourth quarter. Edgestream Partners L.P. now owns 18,602 shares of the financial services provider’s stock valued at $5,580,000 after acquiring an additional 8,068 shares during the period. Lisanti Capital Growth LLC acquired a new stake in Piper Sandler Companies in the fourth quarter valued at approximately $3,770,000. Raymond James Financial Inc. acquired a new stake in Piper Sandler Companies in the fourth quarter valued at approximately $7,464,000. Arizona State Retirement System grew its stake in 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 acquiring an additional 40 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in Piper Sandler Companies in the fourth quarter valued at approximately $8,097,000. Institutional investors and hedge funds own 72.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. JMP Securities reissued a “market perform” rating on shares of Piper Sandler Companies in a research note on Monday, February 3rd. StockNews.com lowered Piper Sandler Companies from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, The Goldman Sachs Group raised their target price on Piper Sandler Companies from $298.00 to $330.00 and gave the company a “neutral” rating in a report on Monday, February 3rd.

Piper Sandler Companies Stock Down 1.0 %

PIPR stock opened at $253.70 on Friday. Piper Sandler Companies has a twelve month low of $183.58 and a twelve month high of $351.80. The stock’s 50 day moving average is $293.96 and its 200-day moving average is $303.65. The firm has a market capitalization of $4.50 billion, a PE ratio of 24.82 and a beta of 1.46.

Piper Sandler Companies (NYSE:PIPR) last posted its earnings results on Friday, January 31st. The financial services provider reported $4.80 earnings per share for the quarter, beating analysts’ consensus estimates 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 period last year, the firm earned $4.03 EPS. On average, equities research analysts anticipate that Piper Sandler Companies will post 14.14 earnings per share for the current fiscal year.

Piper Sandler Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, March 4th will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $2.60 dividend on an annualized basis and a yield of 1.02%. Piper Sandler Companies’s dividend payout ratio (DPR) is currently 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.