Piper Sandler Companies $PIPR Shares Bought by Kennedy Capital Management LLC

Kennedy Capital Management LLC grew its position in shares of Piper Sandler Companies (NYSE:PIPR) by 11.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,339 shares of the company’s stock after purchasing an additional 9,786 shares during the period. Piper Sandler Companies makes up about 0.7% of Kennedy Capital Management LLC’s holdings, making the stock its 14th largest holding. Kennedy Capital Management LLC’s holdings in Piper Sandler Companies were worth $31,368,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Piper Sandler Companies by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 2,128,150 shares of the company’s stock worth $722,954,000 after purchasing an additional 17,964 shares in the last quarter. Invesco Ltd. lifted its stake in Piper Sandler Companies by 2.9% during the third quarter. Invesco Ltd. now owns 714,544 shares of the company’s stock worth $247,940,000 after purchasing an additional 20,232 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Piper Sandler Companies by 6.4% during the fourth quarter. JPMorgan Chase & Co. now owns 294,624 shares of the company’s stock worth $100,087,000 after purchasing an additional 17,694 shares in the last quarter. American Century Companies Inc. lifted its stake in Piper Sandler Companies by 23.9% during the third quarter. American Century Companies Inc. now owns 248,034 shares of the company’s stock worth $86,066,000 after purchasing an additional 47,885 shares in the last quarter. Finally, Norges Bank acquired a new position in Piper Sandler Companies during the fourth quarter worth $79,239,000. 72.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PIPR has been the topic of a number of research reports. Wall Street Zen cut Piper Sandler Companies from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Weiss Ratings restated a “hold (c+)” rating on shares of Piper Sandler Companies in a research note on Wednesday, May 20th. The Goldman Sachs Group restated a “buy” rating and set a $97.00 price target on shares of Piper Sandler Companies in a research note on Tuesday, April 14th. Zacks Research lowered Piper Sandler Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, Northland Securities raised Piper Sandler Companies from a “market perform” rating to an “outperform” rating and set a $87.50 price objective on the stock in a research report on Wednesday, March 4th. Three 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $95.06.

Piper Sandler Companies Trading Up 1.6%

Piper Sandler Companies stock opened at $79.14 on Friday. Piper Sandler Companies has a twelve month low of $62.49 and a twelve month high of $95.07. The stock’s fifty day simple moving average is $81.78 and its 200-day simple moving average is $82.56. The firm has a market capitalization of $5.62 billion, a P/E ratio of 19.98, a P/E/G ratio of 1.59 and a beta of 1.41.

Piper Sandler Companies (NYSE:PIPR) last posted its quarterly earnings data on Thursday, May 7th. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.15. Piper Sandler Companies had a return on equity of 21.09% and a net margin of 13.94%.The business had revenue of $469.54 million for the quarter, compared to analyst estimates of $436.30 million. During the same quarter in the prior year, the company earned $4.09 earnings per share. The company’s revenue was up 32.7% on a year-over-year basis. Sell-side analysts predict 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 was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were given a dividend of $0.20 per share. This is an increase from Piper Sandler Companies’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, May 29th. Piper Sandler Companies’s dividend payout ratio 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.