Calamos Advisors LLC Raises Holdings in Piper Sandler Companies (NYSE:PIPR)

Calamos Advisors LLC boosted its stake in shares of Piper Sandler Companies (NYSE:PIPR) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,681 shares of the financial services provider’s stock after buying an additional 427 shares during the period. Calamos Advisors LLC owned 0.06% of Piper Sandler Companies worth $3,204,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. West Oak Capital LLC raised its stake in shares of 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 acquiring an additional 1,300 shares in the last quarter. USA Financial Formulas purchased a new position in Piper Sandler Companies in the third quarter worth $77,000. 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 purchasing an additional 60 shares in the last quarter. CWM LLC lifted its holdings in shares of Piper Sandler Companies by 22.5% during the 3rd quarter. CWM LLC now owns 310 shares of the financial services provider’s stock valued at $88,000 after purchasing an additional 57 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of Piper Sandler Companies by 20.9% in the 3rd quarter. KBC Group NV now owns 550 shares of the financial services provider’s stock worth $156,000 after purchasing an additional 95 shares in the last quarter. Institutional investors own 72.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on PIPR shares. StockNews.com cut Piper Sandler Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. The Goldman Sachs Group increased their price objective on shares of Piper Sandler Companies from $298.00 to $330.00 and gave the company a “neutral” rating in a research report on Monday. Finally, JMP Securities reissued a “market perform” rating on shares of Piper Sandler Companies in a research report on Monday.

Piper Sandler Companies Stock Performance

Shares of PIPR opened at $319.81 on Wednesday. The stock has a 50-day moving average of $302.86 and a two-hundred day moving average of $314.09. The stock has a market cap of $5.69 billion, a P/E ratio of 31.29 and a beta of 1.46. Piper Sandler Companies has a one year low of $177.80 and a one year high of $351.80.

Piper Sandler Companies (NYSE:PIPR) last released its earnings results 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 in the prior year, the business earned $4.03 earnings per share. Analysts predict that Piper Sandler Companies will post 13.47 EPS for the current fiscal year.

Piper Sandler Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Tuesday, March 4th. Piper Sandler Companies’s dividend payout ratio (DPR) is currently 25.44%.

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.