American Century Companies Inc. Has $18.58 Million Stake in Piper Sandler Companies (NYSE:PIPR)

Posted by Defense World Staff on Sep 1st, 2023

American Century Companies Inc. boosted its holdings in shares of Piper Sandler Companies (NYSE:PIPR – Free Report) by 11.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,649 shares of the company’s stock after purchasing an additional 14,081 shares during the period. American Century Companies Inc. owned 0.78% of Piper Sandler Companies worth $18,575,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. increased its holdings in Piper Sandler Companies by 0.5% during the 1st quarter. BlackRock Inc. now owns 2,494,228 shares of the company’s stock valued at $327,369,000 after purchasing an additional 11,450 shares in the last quarter. Vanguard Group Inc. increased its holdings in Piper Sandler Companies by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 1,778,203 shares of the company’s stock valued at $233,389,000 after purchasing an additional 15,850 shares in the last quarter. State Street Corp boosted its position in Piper Sandler Companies by 0.9% in the 3rd quarter. State Street Corp now owns 557,114 shares of the company’s stock valued at $58,352,000 after buying an additional 4,718 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Piper Sandler Companies by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 485,318 shares of the company’s stock valued at $63,700,000 after buying an additional 1,895 shares during the last quarter. Finally, GW&K Investment Management LLC boosted its position in Piper Sandler Companies by 1.0% in the 1st quarter. GW&K Investment Management LLC now owns 435,549 shares of the company’s stock valued at $60,371,000 after buying an additional 4,280 shares during the last quarter. 67.23% of the stock is owned by institutional investors and hedge funds.

Piper Sandler Companies Stock Down 1.1 %

NYSE:PIPR opened at $148.87 on Friday. Piper Sandler Companies has a 12-month low of $102.73 and a 12-month high of $162.20. The company has a quick ratio of 0.50, a current ratio of 1.31 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $2.64 billion, a P/E ratio of 30.76 and a beta of 1.37. The stock’s fifty day simple moving average is $141.42 and its 200-day simple moving average is $138.11.

Piper Sandler Companies (NYSE:PIPR – Get Free Report) last posted its quarterly earnings results on Friday, July 28th. The company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.05). Piper Sandler Companies had a return on equity of 13.20% and a net margin of 6.27%. The company had revenue of $288.73 million during the quarter, compared to the consensus estimate of $274.01 million. During the same quarter in the prior year, the business earned $2.47 earnings per share. The firm’s revenue for the quarter was down 18.0% on a year-over-year basis. Equities research analysts expect that Piper Sandler Companies will post 7.97 earnings per share for the current year.

Piper Sandler Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be given a $0.60 dividend. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $2.40 annualized dividend and a dividend yield of 1.61%. Piper Sandler Companies’s dividend payout ratio is currently 49.59%.

Wall Street Analyst Weigh In

PIPR has been the topic of a number of recent research reports. StockNews.com initiated coverage on Piper Sandler Companies in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. JMP Securities reiterated a “market outperform” rating and issued a $170.00 price objective on shares of Piper Sandler Companies in a research report on Monday, July 31st.

Get Our Latest Research Report on PIPR

About Piper Sandler Companies

(Free Report)

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 and institutional sales, trading, and research services for various equity and fixed income products.

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Institutional Ownership by Quarter for Piper Sandler Companies (NYSE:PIPR)

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