Piper Sandler Companies $PIPR Shares Purchased by Fiera Capital Corp

Fiera Capital Corp increased its stake in shares of Piper Sandler Companies (NYSE:PIPR) by 32.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 108,167 shares of the company’s stock after acquiring an additional 26,500 shares during the period. Fiera Capital Corp owned approximately 0.61% of Piper Sandler Companies worth $36,745,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Piper Sandler Companies by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 2,128,150 shares of the company’s stock worth $722,954,000 after acquiring an additional 17,964 shares in the last quarter. Invesco Ltd. raised its position in shares of Piper Sandler Companies by 2.9% in the 3rd quarter. Invesco Ltd. now owns 714,544 shares of the company’s stock valued at $247,940,000 after purchasing an additional 20,232 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Piper Sandler Companies by 6.4% in the 4th quarter. JPMorgan Chase & Co. now owns 294,624 shares of the company’s stock valued at $100,087,000 after purchasing an additional 17,694 shares in the last quarter. American Century Companies Inc. raised its position in shares of Piper Sandler Companies by 23.9% in the 3rd quarter. American Century Companies Inc. now owns 248,034 shares of the company’s stock valued at $86,066,000 after purchasing an additional 47,885 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Piper Sandler Companies in the 4th quarter valued at approximately $79,239,000. 72.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Piper Sandler Companies Price Performance

Shares of PIPR opened at $76.87 on Tuesday. The company has a market cap of $5.46 billion, a P/E ratio of 19.41, a PEG ratio of 1.54 and a beta of 1.41. The stock has a fifty day moving average price of $81.53 and a 200 day moving average price of $82.62. Piper Sandler Companies has a 12 month low of $62.49 and a 12 month high of $95.07.

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

Piper Sandler Companies Increases Dividend

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

Piper Sandler Companies Company Profile

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.