10,980 Shares in Piper Sandler Companies (NYSE:PIPR) Purchased by C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Piper Sandler Companies (NYSE:PIPR) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 10,980 shares of the financial services provider’s stock, valued at approximately $3,293,000.

Several other institutional investors have also recently made changes to their positions in PIPR. Coldstream Capital Management Inc. raised its holdings in shares of Piper Sandler Companies by 2.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 1,845 shares of the financial services provider’s stock valued at $524,000 after purchasing an additional 41 shares during the period. Harbor Capital Advisors Inc. increased its position in Piper Sandler Companies by 1.1% during the third quarter. Harbor Capital Advisors Inc. now owns 5,010 shares of the financial services provider’s stock worth $1,422,000 after buying an additional 56 shares during the last quarter. CWM LLC raised its stake in Piper Sandler Companies by 22.5% in the third quarter. CWM LLC now owns 310 shares of the financial services provider’s stock valued at $88,000 after buying an additional 57 shares during the period. OneDigital Investment Advisors LLC lifted its position in shares of Piper Sandler Companies by 2.7% in the third quarter. OneDigital Investment Advisors LLC now owns 2,176 shares of the financial services provider’s stock valued at $618,000 after buying an additional 58 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Piper Sandler Companies by 27.6% during the 4th quarter. GAMMA Investing LLC now owns 277 shares of the financial services provider’s stock worth $83,000 after acquiring an additional 60 shares during the period. Institutional investors and hedge funds own 72.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on PIPR shares. StockNews.com downgraded Piper Sandler Companies from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. JMP Securities reissued a “market perform” rating on shares of Piper Sandler Companies in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group lifted their target price on shares of Piper Sandler Companies from $298.00 to $330.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd.

Piper Sandler Companies Trading Down 1.4 %

NYSE:PIPR opened at $299.67 on Thursday. The stock has a 50 day simple moving average of $305.98 and a 200 day simple moving average of $316.22. The stock has a market cap of $5.33 billion, a P/E ratio of 29.32 and a beta of 1.46. Piper Sandler Companies has a 1-year low of $177.80 and a 1-year high of $351.80.

Piper Sandler Companies (NYSE:PIPR) last posted its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.80 earnings per share for the quarter, topping the consensus estimate 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 in the previous year, the business posted $4.03 EPS. As a group, sell-side analysts forecast that Piper Sandler Companies will post 14.14 EPS for the current year.

Piper Sandler Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Tuesday, March 4th. Piper Sandler Companies’s dividend payout ratio is currently 25.44%.

About Piper Sandler Companies

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.