West Oak Capital LLC Boosts Stake in Piper Sandler Companies (NYSE:PIPR)

West Oak Capital LLC lifted its holdings in Piper Sandler Companies (NYSE:PIPR) by 650.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Coldstream Capital Management Inc. grew its holdings in 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 valued at $524,000 after purchasing an additional 41 shares during the period. Bank of Montreal Can lifted its position in shares of Piper Sandler Companies by 2.1% in 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 in the last quarter. Xponance Inc. lifted its position in shares of Piper Sandler Companies by 4.6% in the second quarter. Xponance Inc. now owns 1,101 shares of the financial services provider’s stock worth $253,000 after buying an additional 48 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Piper Sandler Companies by 2.4% in the second quarter. Commonwealth Equity Services LLC now owns 2,340 shares of the financial services provider’s stock worth $539,000 after buying an additional 54 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in Piper Sandler Companies by 1.1% during 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 purchasing an additional 56 shares during the period. Institutional investors own 72.79% of the company’s stock.

Piper Sandler Companies Trading Down 5.3 %

Shares of NYSE:PIPR opened at $281.88 on Friday. Piper Sandler Companies has a 12-month low of $162.50 and a 12-month high of $351.80. The business’s fifty day simple moving average is $305.24 and its 200-day simple moving average is $310.93. The company has a market capitalization of $5.01 billion, a PE ratio of 30.12 and a beta of 1.46.

Piper Sandler Companies (NYSE:PIPR) last announced its quarterly earnings results on Friday, October 25th. The financial services provider reported $2.57 earnings per share (EPS) for the quarter, beating 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 business had revenue of $359.57 million for the quarter, compared to the consensus estimate of $365.07 million. Research analysts predict that Piper Sandler Companies will post 11.49 EPS for the current year.

Piper Sandler Companies Announces Dividend

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

Analysts Set New Price Targets

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

About Piper Sandler Companies

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.