Allspring Global Investments Holdings LLC lessened its stake in shares of Piper Sandler Companies (NYSE:PIPR – Free Report) by 1.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,097 shares of the financial services provider’s stock after selling 1,000 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.34% of Piper Sandler Companies worth $7,768,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. WealthPLAN Partners LLC bought a new position in shares of Piper Sandler Companies during the 1st quarter worth approximately $29,000. Steward Partners Investment Advisory LLC lifted its position in shares of Piper Sandler Companies by 328.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 227 shares of the financial services provider’s stock worth $30,000 after buying an additional 174 shares during the period. Belpointe Asset Management LLC raised its position in Piper Sandler Companies by 67.0% in the 1st quarter. Belpointe Asset Management LLC now owns 344 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 138 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Piper Sandler Companies by 275.4% in the 1st quarter. Tower Research Capital LLC TRC now owns 518 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 380 shares during the last quarter. Finally, Dark Forest Capital Management LP bought a new position in Piper Sandler Companies in the 1st quarter valued at $134,000. Institutional investors own 67.23% of the company’s stock.
Wall Street Analysts Forecast Growth
PIPR has been the subject of several research analyst reports. 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. StockNews.com initiated coverage on Piper Sandler Companies in a research report on Thursday, October 5th. They issued a “hold” rating for the company.
Piper Sandler Companies Trading Up 0.3 %
PIPR stock opened at $140.32 on Thursday. The company has a market cap of $2.49 billion, a P/E ratio of 33.49 and a beta of 1.36. Piper Sandler Companies has a twelve month low of $120.97 and a twelve 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 business has a fifty day moving average of $141.85 and a 200-day moving average of $138.64.
Piper Sandler Companies Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Tuesday, November 21st will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, November 20th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.71%. Piper Sandler Companies’s payout ratio is currently 57.28%.
Piper Sandler Companies 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 and institutional sales, trading, and research services for various equity and fixed income products.
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