Modus Advisors LLC Takes Position in Piper Sandler Companies (NYSE:PIPR)

Modus Advisors LLC bought a new position in shares of Piper Sandler Companies (NYSE:PIPR) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,348 shares of the financial services provider’s stock, valued at approximately $404,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its stake in shares of 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 acquiring an additional 60 shares in the last quarter. Tidal Investments LLC increased its holdings in Piper Sandler Companies by 75.7% in the third quarter. Tidal Investments LLC now owns 6,104 shares of the financial services provider’s stock valued at $1,732,000 after buying an additional 2,629 shares during the last quarter. Arete Wealth Advisors LLC purchased a new stake in Piper Sandler Companies during the 3rd quarter worth about $310,000. Coldstream Capital Management Inc. boosted its position in shares of Piper Sandler Companies by 2.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,845 shares of the financial services provider’s stock worth $524,000 after acquiring an additional 41 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Piper Sandler Companies by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 377,586 shares of the financial services provider’s stock valued at $107,184,000 after acquiring an additional 7,344 shares during the last quarter. 72.79% of the stock is currently owned by institutional investors and hedge funds.

Piper Sandler Companies Trading Down 0.4 %

Shares of NYSE:PIPR traded down $1.14 during trading on Friday, hitting $298.17. 17,179 shares of the stock were exchanged, compared to its average volume of 30,699. Piper Sandler Companies has a 12-month low of $162.50 and a 12-month high of $351.80. The company has a fifty day moving average price of $314.98 and a two-hundred day moving average price of $309.79. The company has a market cap of $5.30 billion, a PE ratio of 31.86 and a beta of 1.43.

Piper Sandler Companies (NYSE:PIPR) last posted its quarterly earnings data on Friday, October 25th. The financial services provider reported $2.57 earnings per share 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 during the quarter, compared to analyst estimates of $365.07 million. Equities research analysts anticipate that Piper Sandler Companies will post 11.49 earnings per share for the current fiscal year.

Piper Sandler Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 22nd were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend was Friday, November 22nd. Piper Sandler Companies’s dividend payout ratio (DPR) is 27.78%.

Wall Street Analyst Weigh In

PIPR has been the subject of a number of research reports. JMP Securities reaffirmed a “market perform” rating on shares of Piper Sandler Companies in a report on Tuesday, September 17th. StockNews.com cut Piper Sandler Companies from a “buy” rating to a “hold” rating in a research note on Saturday, December 28th.

Piper Sandler Companies Profile

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.