Piper Sandler Companies (NYSE:PIPR) Shares Bought by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC lifted its stake in shares of Piper Sandler Companies (NYSE:PIPR) by 30.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 375 shares of the financial services provider’s stock after purchasing an additional 87 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Piper Sandler Companies were worth $112,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. FMR LLC increased its position in Piper Sandler Companies by 49.0% in the third quarter. FMR LLC now owns 625,048 shares of the financial services provider’s stock worth $177,395,000 after buying an additional 205,584 shares during the period. Fred Alger Management LLC acquired a new stake in shares of Piper Sandler Companies in the 3rd quarter worth about $14,645,000. Proficio Capital Partners LLC acquired a new stake in shares of Piper Sandler Companies in the 4th quarter worth about $8,097,000. Raymond James Financial Inc. bought a new stake in Piper Sandler Companies in the 4th quarter valued at about $7,464,000. Finally, Barclays PLC boosted its stake in Piper Sandler Companies by 307.2% during the 3rd quarter. Barclays PLC now owns 32,328 shares of the financial services provider’s stock valued at $9,174,000 after purchasing an additional 24,388 shares during the period. Institutional investors own 72.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. StockNews.com cut shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. JMP Securities restated a “market perform” rating on shares of Piper Sandler Companies in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group decreased 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 report on Friday, March 14th.

Piper Sandler Companies Stock Down 1.6 %

Shares of Piper Sandler Companies stock opened at $252.70 on Wednesday. The business has a fifty day simple moving average of $276.34 and a 200-day simple moving average of $295.87. Piper Sandler Companies has a fifty-two week low of $183.58 and a fifty-two week high of $351.80. The firm 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 issued its quarterly 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 net margin of 11.87% and a return on equity of 17.00%. During the same period in the prior year, the business posted $4.03 earnings per share. Analysts anticipate that Piper Sandler Companies will post 14.14 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, 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 annualized dividend and a yield of 1.03%. Piper Sandler Companies’s dividend payout ratio (DPR) is 25.44%.

Piper Sandler Companies Company 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.