190,115 Shares in Piper Sandler Companies $PIPR Purchased by Wellington Management Group LLP

Wellington Management Group LLP acquired a new stake in Piper Sandler Companies (NYSE:PIPR) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 190,115 shares of the company’s stock, valued at approximately $13,753,000. Wellington Management Group LLP owned about 0.27% of Piper Sandler Companies at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its holdings in shares of Piper Sandler Companies by 89.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 74 shares of the company’s stock valued at $25,000 after purchasing an additional 35 shares during the last quarter. Aster Capital Management DIFC Ltd increased its holdings in Piper Sandler Companies by 1,440.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 77 shares of the company’s stock valued at $26,000 after purchasing an additional 72 shares during the period. Los Angeles Capital Management LLC bought a new position in Piper Sandler Companies during the 4th quarter worth approximately $28,000. UMB Bank n.a. raised its stake in Piper Sandler Companies by 55.2% during the fourth quarter. UMB Bank n.a. now owns 90 shares of the company’s stock worth $31,000 after buying an additional 32 shares during the last quarter. Finally, Sterling Capital Management LLC raised its position in shares of Piper Sandler Companies by 296.5% in the 1st quarter. Sterling Capital Management LLC now owns 452 shares of the company’s stock worth $35,000 after acquiring an additional 338 shares in the last quarter. Institutional investors own 72.79% of the company’s stock.

Piper Sandler Companies Price Performance

Shares of NYSE:PIPR opened at $77.04 on Tuesday. Piper Sandler Companies has a 12-month low of $68.70 and a 12-month high of $95.07. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 1.78 and a beta of 1.40. The business’s 50 day moving average is $75.06 and its 200 day moving average is $77.78.

Piper Sandler Companies (NYSE:PIPR) last announced its earnings results on Thursday, July 30th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.88 by $0.16. The company had revenue of $491.14 million during the quarter, compared to the consensus estimate of $445.28 million. Piper Sandler Companies had a net margin of 14.51% and a return on equity of 21.92%. The firm’s revenue for the quarter was up 24.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.92 earnings per share. As a group, equities research analysts expect that Piper Sandler Companies will post 4.51 earnings per share for the current year.

Piper Sandler Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $0.80 annualized dividend and a dividend yield of 1.0%. Piper Sandler Companies’s dividend payout ratio is currently 18.52%.

Wall Street Analyst Weigh In

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

Piper Sandler Companies Profile

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.