Mesirow Institutional Investment Management Inc. Has $10.91 Million Position in Piper Sandler Companies (NYSE:PIPR)

Mesirow Institutional Investment Management Inc. trimmed its position in Piper Sandler Companies (NYSE:PIPR) by 7.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,358 shares of the financial services provider’s stock after selling 2,906 shares during the period. Mesirow Institutional Investment Management Inc. owned approximately 0.20% of Piper Sandler Companies worth $10,906,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. IFP Advisors Inc raised its stake in Piper Sandler Companies by 2,183.3% during the 4th quarter. IFP Advisors Inc now owns 137 shares of the financial services provider’s stock worth $43,000 after buying an additional 131 shares during the period. West Oak Capital LLC raised its holdings in Piper Sandler Companies by 650.0% during the 4th quarter. West Oak Capital LLC now owns 1,500 shares of the financial services provider’s stock worth $45,000 after buying an additional 1,300 shares during the period. Allworth Financial LP lifted its stake in Piper Sandler Companies by 238.8% in the fourth quarter. Allworth Financial LP now owns 227 shares of the financial services provider’s stock valued at $70,000 after buying an additional 160 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Piper Sandler Companies by 27.6% during the fourth quarter. GAMMA Investing LLC now owns 277 shares of the financial services provider’s stock worth $83,000 after acquiring an additional 60 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Piper Sandler Companies by 336.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 314 shares of the financial services provider’s stock worth $94,000 after purchasing an additional 242 shares during the period. Institutional investors own 72.79% of the company’s stock.

Piper Sandler Companies Stock Up 0.6 %

Shares of NYSE:PIPR opened at $224.81 on Friday. Piper Sandler Companies has a 12-month low of $184.91 and a 12-month high of $351.80. The company’s 50 day moving average price is $238.24 and its two-hundred day moving average price is $272.60. The firm has a market cap of $3.99 billion, a PE ratio of 22.00 and a beta of 1.38.

Piper Sandler Companies (NYSE:PIPR) last posted its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.80 EPS for the quarter, topping analysts’ consensus estimates of $3.99 by $0.81. Piper Sandler Companies had a return on equity of 17.00% and a net margin of 11.87%. During the same quarter last year, the firm posted $4.03 EPS. On average, research analysts expect that Piper Sandler Companies will post 14.14 EPS for the current year.

Piper Sandler Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.65 per share. The ex-dividend date was Tuesday, March 4th. This represents a $2.60 dividend on an annualized basis and a yield of 1.16%. Piper Sandler Companies’s payout ratio is 25.44%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on PIPR shares. JMP Securities reissued a “market perform” rating on shares of Piper Sandler Companies in a research report on Monday, February 3rd. StockNews.com lowered shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, The Goldman Sachs Group cut their price target on shares of Piper Sandler Companies from $321.00 to $286.00 and set a “neutral” rating for the company in a research note on Friday, March 14th.

Piper Sandler Companies Company 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 services and institutional sales, trading, and research services for various equity and fixed income products; advisory services, such as mergers and acquisitions, equity and debt private placements, and debt and restructuring advisory; raises capital through equity and debt financings; underwrites municipal issuances; and municipal financial advisory and loan placement services, as well as various over-the-counter derivative products.