Shell Asset Management Co. Has $571,000 Stock Holdings in Piper Sandler Companies (NYSE:PIPR)

Shell Asset Management Co. lessened its position in Piper Sandler Companies (NYSE:PIPRGet Rating) by 13.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,348 shares of the company’s stock after selling 648 shares during the quarter. Shell Asset Management Co.’s holdings in Piper Sandler Companies were worth $571,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of PIPR. Private Advisor Group LLC bought a new position in Piper Sandler Companies in the fourth quarter valued at approximately $665,000. Teacher Retirement System of Texas grew its stake in Piper Sandler Companies by 19.0% in the fourth quarter. Teacher Retirement System of Texas now owns 3,506 shares of the company’s stock valued at $626,000 after purchasing an additional 561 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Piper Sandler Companies by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 140,033 shares of the company’s stock worth $24,997,000 after acquiring an additional 800 shares during the period. Yousif Capital Management LLC bought a new position in shares of Piper Sandler Companies during the 4th quarter worth approximately $2,521,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of Piper Sandler Companies during the 4th quarter worth approximately $687,000. Institutional investors and hedge funds own 66.34% of the company’s stock.

Analyst Ratings Changes

PIPR has been the subject of several research analyst reports. Wolfe Research downgraded Piper Sandler Companies from an “outperform” rating to a “peer perform” rating and set a $132.00 target price for the company. in a research note on Monday, July 11th. JMP Securities reduced their target price on Piper Sandler Companies from $182.00 to $178.00 and set a “market outperform” rating for the company in a research note on Tuesday, July 12th. Finally, StockNews.com downgraded Piper Sandler Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, May 4th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $163.25.

Piper Sandler Companies Stock Performance

NYSE:PIPR opened at $121.54 on Wednesday. The stock has a market cap of $2.18 billion, a P/E ratio of 9.65 and a beta of 1.40. The stock has a 50 day simple moving average of $116.97 and a 200 day simple moving average of $127.89. The company has a current ratio of 1.48, a quick ratio of 0.71 and a debt-to-equity ratio of 0.11. Piper Sandler Companies has a 1-year low of $102.60 and a 1-year high of $193.60.

Piper Sandler Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Friday, August 26th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, August 25th. This represents a $2.40 annualized dividend and a yield of 1.97%. Piper Sandler Companies’s payout ratio is currently 19.05%.

Piper Sandler Companies 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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