WINTON GROUP Ltd Invests $9.45 Million in Piper Sandler Companies $PIPR

WINTON GROUP Ltd bought a new stake in Piper Sandler Companies (NYSE:PIPR) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 130,560 shares of the company’s stock, valued at approximately $9,445,000.

Other hedge funds have also modified their holdings of the company. Engineers Gate Manager LP purchased a new position in Piper Sandler Companies in the 2nd quarter worth approximately $561,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Piper Sandler Companies during the second quarter valued at approximately $87,000. Baird Financial Group Inc. purchased a new stake in shares of Piper Sandler Companies during the second quarter valued at approximately $283,000. Allworth Financial LP acquired a new position in shares of Piper Sandler Companies during the second quarter worth $90,000. Finally, Arizona State Retirement System acquired a new position in shares of Piper Sandler Companies during the second quarter worth $1,387,000. 72.79% of the stock is currently owned by hedge funds and other institutional investors.

Piper Sandler Companies Stock Performance

NYSE:PIPR opened at $77.06 on Thursday. Piper Sandler Companies has a one year low of $68.70 and a one year high of $95.07. The business’s 50-day simple moving average is $75.26 and its 200 day simple moving average is $77.71. The stock has a market cap of $5.45 billion, a price-to-earnings ratio of 17.86, a price-to-earnings-growth ratio of 1.79 and a beta of 1.40.

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

Piper Sandler Companies Dividend Announcement

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 paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, August 28th. Piper Sandler Companies’s dividend payout ratio is 18.52%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Piper Sandler Companies in a report on Monday, August 17th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price 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.