West Oak Capital LLC Has $45,000 Stock Holdings in Piper Sandler Companies (NYSE:PIPR)

West Oak Capital LLC decreased its stake in Piper Sandler Companies (NYSE:PIPRFree Report) by 25.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 150 shares of the financial services provider’s stock after selling 50 shares during the period. West Oak Capital LLC’s holdings in Piper Sandler Companies were worth $45,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC grew its stake in Piper Sandler Companies by 49.0% during the third quarter. FMR LLC now owns 625,048 shares of the financial services provider’s stock worth $177,395,000 after purchasing an additional 205,584 shares during the period. Fred Alger Management LLC acquired a new stake in Piper Sandler Companies during the third quarter worth approximately $14,645,000. Millennium Management LLC grew its stake in Piper Sandler Companies by 66.0% during the second quarter. Millennium Management LLC now owns 77,804 shares of the financial services provider’s stock worth $17,908,000 after purchasing an additional 30,942 shares during the period. Barclays PLC grew its stake in Piper Sandler Companies by 307.2% during the third quarter. Barclays PLC now owns 32,328 shares of the financial services provider’s stock worth $9,174,000 after purchasing an additional 24,388 shares during the period. Finally, Sei Investments Co. grew its stake in Piper Sandler Companies by 101.2% during the second quarter. Sei Investments Co. now owns 44,675 shares of the financial services provider’s stock worth $10,282,000 after purchasing an additional 22,471 shares during the period. Institutional investors and hedge funds own 72.79% of the company’s stock.

Analysts Set New Price Targets

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 cut Piper Sandler Companies from a “buy” rating to a “neutral” rating and set a $317.00 price objective for the company. in a research note on Monday, January 6th. Finally, JMP Securities reissued a “market perform” rating on shares of Piper Sandler Companies in a report on Tuesday, September 17th.

Check Out Our Latest Stock Report on Piper Sandler Companies

Piper Sandler Companies Trading Up 1.2 %

Piper Sandler Companies stock opened at $285.89 on Tuesday. The business’s 50 day simple moving average is $303.57 and its 200 day simple moving average is $311.24. Piper Sandler Companies has a 12 month low of $162.50 and a 12 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:PIPRGet Free Report) last issued its earnings results on Friday, October 25th. The financial services provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.53 by $0.04. Piper Sandler Companies had a net margin of 10.84% and a return on equity of 16.06%. The business had revenue of $359.57 million for the quarter, compared to analysts’ expectations of $365.07 million. As a group, equities research analysts forecast that Piper Sandler Companies will post 11.49 earnings per share for the current fiscal year.

Piper Sandler Companies Announces Dividend

The company also recently declared 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 of this dividend was Friday, November 22nd. This represents a $2.60 annualized dividend and a dividend yield of 0.91%. Piper Sandler Companies’s payout ratio is currently 27.78%.

Piper Sandler Companies Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Piper Sandler Companies (NYSE:PIPR)

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