Envestnet Asset Management Inc. Has $17.80 Million Holdings in Piper Sandler Companies (NYSE:PIPR)

Envestnet Asset Management Inc. increased its holdings in shares of Piper Sandler Companies (NYSE:PIPR) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,341 shares of the financial services provider’s stock after acquiring an additional 1,566 shares during the period. Envestnet Asset Management Inc. owned about 0.33% of Piper Sandler Companies worth $17,799,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PIPR. IFP Advisors Inc grew its holdings in shares of Piper Sandler Companies by 2,183.3% during the fourth quarter. IFP Advisors Inc now owns 137 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 131 shares during the last quarter. Allworth Financial LP lifted its position in Piper Sandler Companies by 238.8% during the 4th quarter. Allworth Financial LP now owns 227 shares of the financial services provider’s stock worth $70,000 after buying an additional 160 shares in the last quarter. GAMMA Investing LLC grew its holdings 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 worth $83,000 after acquiring an additional 60 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Piper Sandler Companies by 336.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 314 shares of the financial services provider’s stock worth $94,000 after acquiring an additional 242 shares during the last quarter. Finally, Principal Securities Inc. increased its position in Piper Sandler Companies by 280.9% in the 4th quarter. Principal Securities Inc. now owns 339 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 250 shares in the last quarter. 72.79% of the stock is owned by institutional investors and hedge funds.

Piper Sandler Companies Trading Down 0.4 %

Shares of NYSE PIPR opened at $224.18 on Wednesday. Piper Sandler Companies has a 1 year low of $183.58 and a 1 year high of $351.80. The firm’s 50-day moving average is $241.82 and its 200-day moving average is $275.81. The firm has a market capitalization of $3.97 billion, a PE ratio of 21.94 and a beta of 1.38.

Piper Sandler Companies (NYSE:PIPR) last announced its quarterly earnings data 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 period in the previous year, the firm earned $4.03 EPS. As a group, equities research analysts anticipate that Piper Sandler Companies will post 14.14 earnings per share for the current fiscal year.

Piper Sandler Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, March 4th were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.16%. Piper Sandler Companies’s dividend payout ratio (DPR) is presently 25.44%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on PIPR shares. The Goldman Sachs Group reduced their target price on shares of Piper Sandler Companies from $321.00 to $286.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. StockNews.com downgraded Piper Sandler Companies from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, JMP Securities reissued a “market perform” rating on shares of Piper Sandler Companies in a research note on Monday, February 3rd.

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.