SG Americas Securities LLC Increases Stock Holdings in Piper Sandler Companies (NYSE:PIPR)

SG Americas Securities LLC lifted its holdings in Piper Sandler Companies (NYSE:PIPRGet Rating) by 140.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,077 shares of the company’s stock after buying an additional 3,546 shares during the quarter. SG Americas Securities LLC’s holdings in Piper Sandler Companies were worth $798,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of PIPR. CWM LLC purchased a new stake in shares of Piper Sandler Companies in the fourth quarter valued at approximately $47,000. Missouri Trust & Investment Co acquired a new position in Piper Sandler Companies during the fourth quarter worth $109,000. USA Financial Portformulas Corp acquired a new position in Piper Sandler Companies during the fourth quarter worth $119,000. Cambridge Investment Research Advisors Inc. acquired a new position in Piper Sandler Companies during the fourth quarter worth $216,000. Finally, Cornerstone Investment Partners LLC acquired a new position in Piper Sandler Companies during the fourth quarter worth $227,000. 66.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PIPR. StockNews.com cut Piper Sandler Companies from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th. Wolfe Research cut Piper Sandler Companies from an “outperform” rating to a “peer perform” rating and set a $132.00 price objective for the company. in a report on Monday, July 11th. Finally, JMP Securities cut their price target on Piper Sandler Companies from $182.00 to $178.00 and set a “market outperform” rating for the company in a report on Tuesday, July 12th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.25.

Piper Sandler Companies Price Performance

Shares of NYSE:PIPR opened at $124.20 on Tuesday. The company has a market cap of $2.22 billion, a P/E ratio of 9.86 and a beta of 1.40. The company has a quick ratio of 0.71, a current ratio of 1.48 and a debt-to-equity ratio of 0.11. Piper Sandler Companies has a 52 week low of $102.60 and a 52 week high of $193.60. The business has a fifty day simple moving average of $116.99 and a 200-day simple moving average of $127.94.

Piper Sandler Companies (NYSE:PIPRGet Rating) last announced its quarterly earnings data on Friday, April 29th. The company reported $3.12 EPS for the quarter, beating analysts’ consensus estimates of $2.80 by $0.32. The business had revenue of $361.79 million during the quarter, compared to the consensus estimate of $326.34 million. Piper Sandler Companies had a return on equity of 27.93% and a net margin of 12.06%. The business’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.13 earnings per share. Equities research analysts forecast that Piper Sandler Companies will post 10.81 EPS for the current year.

Piper Sandler Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Friday, August 26th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Thursday, August 25th. Piper Sandler Companies’s dividend payout ratio is currently 19.05%.

Piper Sandler Companies Company Profile

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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. The company 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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