Calamos Advisors LLC Boosts Holdings in Piper Sandler Companies (NYSE:PIPR)

Calamos Advisors LLC boosted its stake in Piper Sandler Companies (NYSE:PIPR) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,681 shares of the financial services provider’s stock after acquiring an additional 427 shares during the period. Calamos Advisors LLC’s holdings in Piper Sandler Companies were worth $3,204,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Coldstream Capital Management Inc. increased its position in shares of Piper Sandler Companies by 2.3% during the third quarter. Coldstream Capital Management Inc. now owns 1,845 shares of the financial services provider’s stock worth $524,000 after purchasing an additional 41 shares in the last quarter. Bank of Montreal Can increased its position in Piper Sandler Companies by 2.1% during the second quarter. Bank of Montreal Can now owns 2,262 shares of the financial services provider’s stock worth $524,000 after buying an additional 46 shares during the period. Harbor Capital Advisors Inc. lifted its stake in Piper Sandler Companies by 1.1% in the third quarter. Harbor Capital Advisors Inc. now owns 5,010 shares of the financial services provider’s stock valued at $1,422,000 after buying an additional 56 shares during the last quarter. CWM LLC boosted its holdings in shares of Piper Sandler Companies by 22.5% in the third quarter. CWM LLC now owns 310 shares of the financial services provider’s stock valued at $88,000 after acquiring an additional 57 shares during the period. Finally, OneDigital Investment Advisors LLC boosted its holdings in shares of Piper Sandler Companies by 2.7% in the third quarter. OneDigital Investment Advisors LLC now owns 2,176 shares of the financial services provider’s stock valued at $618,000 after acquiring an additional 58 shares during the period. Institutional investors and hedge funds own 72.79% of the company’s stock.

Piper Sandler Companies Trading Up 1.0 %

Shares of PIPR stock opened at $319.81 on Wednesday. The company has a market capitalization of $5.69 billion, a P/E ratio of 31.29 and a beta of 1.46. The business’s 50 day moving average is $302.86 and its two-hundred day moving average is $314.09. Piper Sandler Companies has a twelve month low of $177.80 and a twelve month high of $351.80.

Piper Sandler Companies (NYSE:PIPR) last posted its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.80 earnings per share 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 last year, the business posted $4.03 EPS. As a group, equities analysts predict that Piper Sandler Companies will post 13.47 earnings per share for the current fiscal year.

Piper Sandler Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th will be paid a dividend of $0.65 per share. The ex-dividend date is Tuesday, March 4th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.81%. Piper Sandler Companies’s dividend payout ratio (DPR) is 25.44%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group lifted their target price on shares of Piper Sandler Companies from $298.00 to $330.00 and gave the company a “neutral” rating in a report on Monday. StockNews.com lowered shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, JMP Securities reiterated a “market perform” rating on shares of Piper Sandler Companies in a research note on Monday.

Piper Sandler Companies Company 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.