Piper Sandler Companies $PIPR Stake Lifted by Fiera Capital Corp

Fiera Capital Corp lifted its holdings in Piper Sandler Companies (NYSE:PIPR) by 32.4% in the 4th quarter, HoldingsChannel reports. The firm owned 108,167 shares of the company’s stock after purchasing an additional 26,500 shares during the quarter. Fiera Capital Corp’s holdings in Piper Sandler Companies were worth $36,745,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its stake in shares of Piper Sandler Companies by 89.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 74 shares of the company’s stock worth $25,000 after purchasing an additional 35 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Piper Sandler Companies in the fourth quarter worth $28,000. Danske Bank A S bought a new position in shares of Piper Sandler Companies in the third quarter worth $35,000. Geneos Wealth Management Inc. grew its stake in shares of Piper Sandler Companies by 46.6% in the first quarter. Geneos Wealth Management Inc. now owns 170 shares of the company’s stock worth $42,000 after purchasing an additional 54 shares in the last quarter. Finally, Global Retirement Partners LLC grew its stake in shares of Piper Sandler Companies by 4,175.0% in the fourth quarter. Global Retirement Partners LLC now owns 171 shares of the company’s stock worth $58,000 after purchasing an additional 167 shares in the last quarter. Institutional investors own 72.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Piper Sandler Companies in a research note on Wednesday, May 20th. Wall Street Zen cut Piper Sandler Companies from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Zacks Research cut Piper Sandler Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Northland Securities raised Piper Sandler Companies from a “market perform” rating to an “outperform” rating and set a $87.50 price target for the company in a research note on Wednesday, March 4th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $97.00 price target on shares of Piper Sandler Companies in a research note on Tuesday, April 14th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $95.06.

Piper Sandler Companies Stock Up 0.3%

Shares of Piper Sandler Companies stock opened at $76.87 on Tuesday. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 1.54 and a beta of 1.41. The business has a fifty day simple moving average of $81.53 and a 200-day simple moving average of $82.62. Piper Sandler Companies has a fifty-two week low of $62.49 and a fifty-two week high of $95.07.

Piper Sandler Companies (NYSE:PIPR) last announced its quarterly earnings data on Thursday, May 7th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.15. The business had revenue of $469.54 million during the quarter, compared to analyst estimates of $436.30 million. Piper Sandler Companies had a return on equity of 21.09% and a net margin of 13.94%.The company’s revenue was up 32.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.09 earnings per share. Analysts anticipate that Piper Sandler Companies will post 4.57 earnings per share for the current fiscal year.

Piper Sandler Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.20 per share. This is a positive change from Piper Sandler Companies’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, May 29th. Piper Sandler Companies’s dividend payout ratio (DPR) is currently 20.20%.

About Piper Sandler Companies

Piper Sandler Companies (NYSE: PIPR) is an investment bank and institutional securities firm that provides a range of capital markets and advisory services to corporations, institutions, municipalities and high-net-worth individuals. The firm’s core activities include investment banking and M&A advisory, underwriting and distribution of equity and debt securities, public finance, and sector-focused advisory across industries such as healthcare, energy, financial services and technology.

In addition to traditional investment banking, Piper Sandler offers equity and fixed income research, institutional sales and trading, and market-making services.