New Age Alpha Advisors LLC Buys 13,979 Shares of Piper Sandler Companies $PIPR

New Age Alpha Advisors LLC raised its stake in shares of Piper Sandler Companies (NYSE:PIPR) by 1,783.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 14,763 shares of the company’s stock after purchasing an additional 13,979 shares during the period. New Age Alpha Advisors LLC’s holdings in Piper Sandler Companies were worth $5,015,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Piper Sandler Companies by 63.0% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 24,084 shares of the company’s stock worth $8,357,000 after acquiring an additional 9,305 shares during the period. New York State Common Retirement Fund boosted its stake in shares of Piper Sandler Companies by 265.5% in the third quarter. New York State Common Retirement Fund now owns 32,640 shares of the company’s stock worth $11,326,000 after acquiring an additional 23,709 shares during the period. Knights of Columbus Asset Advisors LLC boosted its stake in shares of Piper Sandler Companies by 25.1% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 8,950 shares of the company’s stock worth $3,106,000 after acquiring an additional 1,794 shares during the period. Lisanti Capital Growth LLC boosted its stake in shares of Piper Sandler Companies by 47.6% in the third quarter. Lisanti Capital Growth LLC now owns 15,960 shares of the company’s stock worth $5,538,000 after acquiring an additional 5,150 shares during the period. Finally, TimesSquare Capital Management LLC boosted its stake in shares of Piper Sandler Companies by 13.3% in the fourth quarter. TimesSquare Capital Management LLC now owns 93,893 shares of the company’s stock worth $31,896,000 after acquiring an additional 11,033 shares during the period. Institutional investors own 72.79% of the company’s stock.

Analyst Ratings Changes

PIPR has been the subject of a number of recent analyst reports. Northland Securities raised Piper Sandler Companies from a “market perform” rating to an “outperform” rating and set a $87.50 price objective for the company in a research note on Wednesday, March 4th. Wall Street Zen lowered Piper Sandler Companies from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Bank of America initiated coverage on Piper Sandler Companies in a research note on Monday, January 26th. They issued an “underperform” rating and a $96.25 price objective for the company. Zacks Research lowered Piper Sandler Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $97.00 price objective on shares of Piper Sandler Companies in a research note on Tuesday, April 14th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $95.06.

Piper Sandler Companies Trading Up 0.0%

Shares of Piper Sandler Companies stock opened at $80.71 on Tuesday. The stock has a 50 day moving average of $80.72 and a 200 day moving average of $82.95. Piper Sandler Companies has a 12 month low of $61.01 and a 12 month high of $95.07. The firm has a market cap of $5.73 billion, a PE ratio of 20.38, a PEG ratio of 1.62 and a beta of 1.47.

Piper Sandler Companies (NYSE:PIPR) last announced its quarterly earnings results on Thursday, May 7th. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.15. Piper Sandler Companies had a return on equity of 21.09% and a net margin of 13.94%.The company had revenue of $469.54 million during the quarter, compared to analyst estimates of $436.30 million. During the same period in the prior year, the company earned $4.09 earnings per share. The firm’s revenue was up 32.7% on a year-over-year basis. As a group, equities research analysts forecast that Piper Sandler Companies will post 4.57 earnings per share for the current fiscal year.

Piper Sandler Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, May 29th. This is a boost from Piper Sandler Companies’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a yield of 1.0%. Piper Sandler Companies’s dividend payout ratio is currently 17.68%.

About Piper Sandler Companies

Piper Sandler Companies (NYSE: PIPR) is an investment bank and institutional securities firm that provides a range of capital markets and advisory services to corporations, institutions, municipalities and high-net-worth individuals. The firm’s core activities include investment banking and M&A advisory, underwriting and distribution of equity and debt securities, public finance, and sector-focused advisory across industries such as healthcare, energy, financial services and technology.

In addition to traditional investment banking, Piper Sandler offers equity and fixed income research, institutional sales and trading, and market-making services.