Piper Sandler Companies (NYSE:PIPR) Shares Acquired by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC lifted its position in Piper Sandler Companies (NYSE:PIPR) by 5.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,838 shares of the financial services provider’s stock after buying an additional 636 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Piper Sandler Companies were worth $3,551,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PIPR. Modus Advisors LLC purchased a new stake in Piper Sandler Companies during the fourth quarter worth about $404,000. 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. Tidal Investments LLC increased its stake in Piper Sandler Companies by 75.7% during the 3rd quarter. Tidal Investments LLC now owns 6,104 shares of the financial services provider’s stock worth $1,732,000 after buying an additional 2,629 shares during the period. Arete Wealth Advisors LLC purchased a new position in Piper Sandler Companies in the 3rd quarter valued at approximately $310,000. Finally, Coldstream Capital Management Inc. grew its stake 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 worth $524,000 after acquiring an additional 41 shares in the last quarter. Institutional investors and hedge funds own 72.79% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. StockNews.com cut Piper Sandler Companies from a “buy” rating to a “hold” rating in a research note on Saturday, December 28th. The Goldman Sachs Group cut Piper Sandler Companies from a “buy” rating to a “neutral” rating and set a $317.00 price objective for the company. in a research note on Monday. Finally, JMP Securities restated a “market perform” rating on shares of Piper Sandler Companies in a research note on Tuesday, September 17th.

Piper Sandler Companies Stock Performance

Shares of PIPR traded down $5.05 during midday trading on Monday, reaching $296.38. The stock had a trading volume of 80,754 shares, compared to its average volume of 82,220. The firm has a market capitalization of $5.27 billion, a P/E ratio of 31.66 and a beta of 1.46. The business has a fifty day moving average price of $313.26. Piper Sandler Companies has a 1-year low of $162.50 and a 1-year high of $351.80.

Piper Sandler Companies (NYSE:PIPR) last posted its quarterly earnings results on Friday, October 25th. The financial services provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.53 by $0.04. The company had revenue of $359.57 million for the quarter, compared to analysts’ expectations of $365.07 million. Piper Sandler Companies had a return on equity of 16.06% and a net margin of 10.84%. Research analysts expect that Piper Sandler Companies will post 11.49 earnings per share for the current year.

Piper Sandler Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 22nd were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date was Friday, November 22nd. Piper Sandler Companies’s dividend payout ratio (DPR) is 27.78%.

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.