West Oak Capital LLC Acquires 1,300 Shares of Piper Sandler Companies (NYSE:PIPR)

West Oak Capital LLC lifted its holdings in shares of Piper Sandler Companies (NYSE:PIPR) by 650.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,500 shares of the financial services provider’s stock after purchasing an additional 1,300 shares during the quarter. West Oak Capital LLC’s holdings in Piper Sandler Companies were worth $45,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. FMR LLC grew its stake in shares of Piper Sandler Companies by 49.0% during the third quarter. FMR LLC now owns 625,048 shares of the financial services provider’s stock worth $177,395,000 after buying an additional 205,584 shares during the last quarter. Fred Alger Management LLC bought a new stake in shares of Piper Sandler Companies during the third quarter worth $14,645,000. Millennium Management LLC grew its stake in shares of Piper Sandler Companies by 66.0% during the second quarter. Millennium Management LLC now owns 77,804 shares of the financial services provider’s stock worth $17,908,000 after buying an additional 30,942 shares during the last quarter. Barclays PLC grew its stake in shares of Piper Sandler Companies by 307.2% during the third quarter. Barclays PLC now owns 32,328 shares of the financial services provider’s stock worth $9,174,000 after buying an additional 24,388 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of Piper Sandler Companies by 101.2% during the second quarter. Sei Investments Co. now owns 44,675 shares of the financial services provider’s stock worth $10,282,000 after buying an additional 22,471 shares during the last quarter. 72.79% of the stock is owned by institutional investors.

Piper Sandler Companies Stock Performance

Shares of NYSE:PIPR opened at $281.88 on Friday. The firm has a market cap of $5.01 billion, a PE ratio of 30.12 and a beta of 1.46. The firm’s fifty day moving average is $305.24 and its 200-day moving average is $310.93. Piper Sandler Companies has a 52 week low of $162.50 and a 52 week high of $351.80.

Piper Sandler Companies (NYSE:PIPR) last issued its quarterly earnings results on Friday, October 25th. The financial services provider reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.04. Piper Sandler Companies had a return on equity of 16.06% and a net margin of 10.84%. The firm had revenue of $359.57 million during the quarter, compared to the consensus estimate of $365.07 million. Sell-side analysts forecast that Piper Sandler Companies will post 11.49 EPS for the current year.

Piper Sandler Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 22nd were paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Friday, November 22nd. Piper Sandler Companies’s dividend payout ratio (DPR) is presently 27.78%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Piper Sandler Companies in a research note on Tuesday, September 17th. The Goldman Sachs Group lowered shares of Piper Sandler Companies from a “buy” rating to a “neutral” rating and set a $317.00 price target on the stock. in a report on Monday, January 6th. Finally, StockNews.com lowered shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a report on Tuesday.

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.