Level Four Advisory Services LLC Purchases Shares of 1,025 Piper Sandler Companies (NYSE:PIPR)

Level Four Advisory Services LLC acquired a new stake in Piper Sandler Companies (NYSE:PIPR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,025 shares of the financial services provider’s stock, valued at approximately $307,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of PIPR. Barclays PLC increased its holdings in Piper Sandler Companies by 307.2% during the 3rd quarter. Barclays PLC now owns 32,328 shares of the financial services provider’s stock valued at $9,174,000 after purchasing an additional 24,388 shares during the period. Smartleaf Asset Management LLC grew its position in shares of 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 buying an additional 242 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Piper Sandler Companies by 63.4% during the third quarter. Citigroup Inc. now owns 21,496 shares of the financial services provider’s stock valued at $6,101,000 after acquiring an additional 8,337 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of Piper Sandler Companies by 75.7% during the third quarter. Tidal Investments LLC now owns 6,104 shares of the financial services provider’s stock valued at $1,732,000 after acquiring an additional 2,629 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Piper Sandler Companies by 22.3% in the third quarter. BNP Paribas Financial Markets now owns 9,213 shares of the financial services provider’s stock worth $2,615,000 after acquiring an additional 1,681 shares during the period. 72.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Piper Sandler Companies Trading Up 0.0 %

PIPR opened at $247.53 on Tuesday. Piper Sandler Companies has a 12-month low of $183.58 and a 12-month high of $351.80. The company has a market cap of $4.39 billion, a price-to-earnings ratio of 24.22 and a beta of 1.46. The stock has a fifty day simple moving average of $261.54 and a two-hundred day simple moving average of $288.50.

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

Piper Sandler Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, March 4th were paid a $0.65 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $2.60 annualized dividend and a dividend yield of 1.05%. Piper Sandler Companies’s payout ratio 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.