Oliver Luxxe Assets LLC Purchases 636 Shares of Piper Sandler Companies (NYSE:PIPR)

Oliver Luxxe Assets LLC lifted its holdings in Piper Sandler Companies (NYSE:PIPR) by 5.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,838 shares of the financial services provider’s stock after buying an additional 636 shares during the quarter. Oliver Luxxe Assets LLC owned approximately 0.07% of Piper Sandler Companies worth $3,551,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Commonwealth Equity Services LLC boosted its stake in Piper Sandler Companies by 2.4% during the second quarter. Commonwealth Equity Services LLC now owns 2,340 shares of the financial services provider’s stock worth $539,000 after acquiring an additional 54 shares in the last quarter. Natixis Advisors LLC grew its stake in shares of Piper Sandler Companies by 18.6% in the 2nd quarter. Natixis Advisors LLC now owns 18,351 shares of the financial services provider’s stock worth $4,224,000 after buying an additional 2,881 shares during the last quarter. TD Asset Management Inc bought a new position in Piper Sandler Companies during the 2nd quarter valued at approximately $483,000. Victory Capital Management Inc. raised its stake in Piper Sandler Companies by 74.7% during the second quarter. Victory Capital Management Inc. now owns 13,176 shares of the financial services provider’s stock valued at $3,033,000 after buying an additional 5,636 shares during the last quarter. Finally, Arizona State Retirement System boosted its holdings in Piper Sandler Companies by 1.7% in the second quarter. Arizona State Retirement System now owns 4,950 shares of the financial services provider’s stock worth $1,139,000 after acquiring an additional 83 shares in the last quarter. 72.79% of the stock is currently owned by institutional investors.

Piper Sandler Companies Stock Down 1.7 %

Shares of Piper Sandler Companies stock traded down $5.05 on Monday, reaching $296.38. The company’s stock had a trading volume of 80,754 shares, compared to its average volume of 82,220. Piper Sandler Companies has a 52 week low of $162.50 and a 52 week high of $351.80. The company’s fifty day moving average price is $313.26. The company has a market cap of $5.27 billion, a P/E ratio of 31.66 and a beta of 1.46.

Piper Sandler Companies (NYSE:PIPR) last released its quarterly earnings data on Friday, October 25th. The financial services provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.53 by $0.04. Piper Sandler Companies had a return on equity of 16.06% and a net margin of 10.84%. The company had revenue of $359.57 million during the quarter, compared to the consensus estimate of $365.07 million. As a group, analysts expect that Piper Sandler Companies will post 11.49 EPS for the current fiscal year.

Piper Sandler Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 22nd were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $2.60 annualized dividend and a dividend yield of 0.88%. Piper Sandler Companies’s payout ratio is 27.78%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PIPR. The Goldman Sachs Group downgraded Piper Sandler Companies from a “buy” rating to a “neutral” rating and set a $317.00 price target for the company. in a report on Monday. JMP Securities restated a “market perform” rating on shares of Piper Sandler Companies in a research note on Tuesday, September 17th. Finally, StockNews.com downgraded shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a research note on Saturday, December 28th.

Piper Sandler Companies 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.