Piper Sandler Companies (NYSE:PIPR) Shares Purchased by Calamos Advisors LLC

Calamos Advisors LLC boosted its stake in shares of Piper Sandler Companies (NYSE:PIPR) by 4.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,681 shares of the financial services provider’s stock after acquiring an additional 427 shares during the quarter. Calamos Advisors LLC’s holdings in Piper Sandler Companies were worth $3,204,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. West Oak Capital LLC increased its holdings 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 valued at $45,000 after purchasing an additional 1,300 shares in the last quarter. USA Financial Formulas acquired a new stake in Piper Sandler Companies during the third quarter valued at $77,000. GAMMA Investing LLC increased its holdings in Piper Sandler Companies by 27.6% in the fourth quarter. GAMMA Investing LLC now owns 277 shares of the financial services provider’s stock valued at $83,000 after buying an additional 60 shares in the last quarter. CWM LLC raised its position in shares of Piper Sandler Companies by 22.5% in the third quarter. CWM LLC now owns 310 shares of the financial services provider’s stock worth $88,000 after acquiring an additional 57 shares during the period. Finally, KBC Group NV boosted its stake in shares of Piper Sandler Companies by 20.9% during the 3rd quarter. KBC Group NV now owns 550 shares of the financial services provider’s stock worth $156,000 after acquiring an additional 95 shares in the last quarter. 72.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on PIPR. StockNews.com cut Piper Sandler Companies from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. JMP Securities reaffirmed a “market perform” rating on shares of Piper Sandler Companies in a research note on Monday. Finally, The Goldman Sachs Group lifted their price target on shares of Piper Sandler Companies from $298.00 to $330.00 and gave the company a “neutral” rating in a research note on Monday.

Piper Sandler Companies Stock Up 1.0 %

PIPR opened at $319.81 on Wednesday. The company has a market cap of $5.69 billion, a PE ratio of 31.29 and a beta of 1.46. Piper Sandler Companies has a twelve month low of $177.80 and a twelve month high of $351.80. The company has a 50-day moving average price of $302.86 and a 200 day moving average price of $314.09.

Piper Sandler Companies (NYSE:PIPR) last announced its earnings results on Friday, January 31st. The financial services provider reported $4.80 EPS for the quarter, beating 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 previous year, the company earned $4.03 earnings per share. As a group, sell-side analysts expect that Piper Sandler Companies will post 13.47 earnings per share for the current year.

Piper Sandler Companies Announces Dividend

The company 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. The ex-dividend date is Tuesday, March 4th. This represents a $2.60 dividend on an annualized basis and a yield of 0.81%. Piper Sandler Companies’s 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.