One Capital Management LLC Acquires Shares of 29,884 Piper Sandler Companies $PIPR

One Capital Management LLC bought a new position in shares of Piper Sandler Companies (NYSE:PIPR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 29,884 shares of the company’s stock, valued at approximately $2,288,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in Piper Sandler Companies in the fourth quarter worth $79,239,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Piper Sandler Companies during the 1st quarter valued at $1,535,000. TimesSquare Capital Management LLC raised its stake in shares of Piper Sandler Companies by 13.3% during the 4th quarter. TimesSquare Capital Management LLC now owns 93,893 shares of the company’s stock worth $31,896,000 after purchasing an additional 11,033 shares during the period. New Age Alpha Advisors LLC boosted its holdings in shares of Piper Sandler Companies by 1,783.0% in the 4th quarter. New Age Alpha Advisors LLC now owns 14,763 shares of the company’s stock worth $5,015,000 after buying an additional 13,979 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new position in shares of Piper Sandler Companies in the 2nd quarter worth about $13,753,000. Hedge funds and other institutional investors own 72.79% of the company’s stock.

Piper Sandler Companies Price Performance

NYSE:PIPR opened at $77.06 on Thursday. The company has a market capitalization of $5.45 billion, a P/E ratio of 17.86, a P/E/G ratio of 1.79 and a beta of 1.40. The business has a fifty day simple moving average of $75.26 and a two-hundred day simple moving average of $77.71. Piper Sandler Companies has a 1 year low of $68.70 and a 1 year high of $95.07.

Piper Sandler Companies (NYSE:PIPR) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.16. The firm had revenue of $491.14 million for the quarter, compared to analysts’ expectations of $445.28 million. Piper Sandler Companies had a return on equity of 21.92% and a net margin of 14.51%.The business’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.92 EPS. As a group, analysts anticipate that Piper Sandler Companies will post 4.51 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, September 11th. Investors of record on Friday, August 28th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, August 28th. Piper Sandler Companies’s payout ratio is currently 18.52%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Piper Sandler Companies in a report on Monday, August 17th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $95.06.

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.