WINTON GROUP Ltd bought a new position in Piper Sandler Companies (NYSE:PIPR – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 130,560 shares of the company’s stock, valued at approximately $9,445,000. WINTON GROUP Ltd owned 0.18% of Piper Sandler Companies as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently made changes to their positions in the company. California State Teachers Retirement System purchased a new stake in shares of Piper Sandler Companies in the second quarter valued at $435,408,000. Invesco Ltd. boosted its stake in Piper Sandler Companies by 0.3% in the 4th quarter. Invesco Ltd. now owns 716,829 shares of the company’s stock worth $243,514,000 after buying an additional 2,285 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Piper Sandler Companies by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 573,217 shares of the company’s stock valued at $41,466,000 after buying an additional 2,967 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Piper Sandler Companies by 6.4% during the 4th quarter. JPMorgan Chase & Co. now owns 294,624 shares of the company’s stock valued at $100,087,000 after acquiring an additional 17,694 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Piper Sandler Companies during the 4th quarter worth about $79,239,000. Hedge funds and other institutional investors own 72.79% of the company’s stock.
Piper Sandler Companies Price Performance
Shares of NYSE:PIPR opened at $77.06 on Thursday. The firm has a market capitalization of $5.45 billion, a PE ratio of 17.86, a P/E/G ratio of 1.79 and a beta of 1.40. The business has a 50-day moving average of $75.26 and a two-hundred day moving average of $77.71. Piper Sandler Companies has a 12 month low of $68.70 and a 12 month high of $95.07.
Piper Sandler Companies Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be given 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 presently 18.52%.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Piper Sandler Companies in a research report on Monday, August 17th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $95.06.
View Our Latest Report on Piper Sandler Companies
About Piper Sandler Companies
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.
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