Piper Sandler Companies (NYSE:PIPR) Shares Sold by West Oak Capital LLC

West Oak Capital LLC lessened its holdings in shares of Piper Sandler Companies (NYSE:PIPR) by 25.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 150 shares of the financial services provider’s stock after selling 50 shares during the quarter. West Oak Capital LLC’s holdings in Piper Sandler Companies were worth $45,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Oliver Luxxe Assets LLC grew its position in shares of Piper Sandler Companies by 5.7% in the 4th quarter. Oliver Luxxe Assets LLC now owns 11,838 shares of the financial services provider’s stock worth $3,551,000 after acquiring an additional 636 shares in the last quarter. Modus Advisors LLC acquired a new position in Piper Sandler Companies during the 4th quarter valued at approximately $404,000. GAMMA Investing LLC boosted its position in Piper Sandler Companies by 27.6% during the 4th quarter. GAMMA Investing LLC now owns 277 shares of the financial services provider’s stock valued at $83,000 after purchasing an additional 60 shares during the period. Tidal Investments LLC boosted its position in Piper Sandler Companies by 75.7% during the 3rd quarter. Tidal Investments LLC now owns 6,104 shares of the financial services provider’s stock valued at $1,732,000 after purchasing an additional 2,629 shares during the period. Finally, Arete Wealth Advisors LLC acquired a new position in Piper Sandler Companies during the 3rd quarter valued at approximately $310,000. Institutional investors and hedge funds own 72.79% of the company’s stock.

Piper Sandler Companies Stock Up 1.2 %

Shares of NYSE:PIPR opened at $285.89 on Tuesday. The business has a 50 day moving average price of $303.57 and a 200 day moving average price of $311.24. Piper Sandler Companies has a twelve month low of $162.50 and a twelve month high of $351.80. The company has a market cap of $5.08 billion, a price-to-earnings ratio of 30.54 and a beta of 1.46.

Piper Sandler Companies (NYSE:PIPR) last announced its quarterly earnings data on Friday, October 25th. The financial services provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates 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. Analysts anticipate that Piper Sandler Companies will post 11.49 EPS for the current year.

Piper Sandler Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 22nd were issued a $0.65 dividend. The ex-dividend date was Friday, November 22nd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.91%. Piper Sandler Companies’s payout ratio is presently 27.78%.

Wall Street Analysts Forecast Growth

PIPR has been the subject of a number of analyst reports. JMP Securities restated a “market perform” rating on shares of Piper Sandler Companies in a research report on Tuesday, September 17th. StockNews.com downgraded Piper Sandler Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, The Goldman Sachs Group downgraded Piper Sandler Companies from a “buy” rating to a “neutral” rating and set a $317.00 target price on the stock. in a research note on Monday, January 6th.

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.