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Illinois pension fund and investment firm boost stakes in Piper Sandler, which beat earnings forecasts.
The Illinois Municipal Retirement Fund and Transcend Capital Advisors, LLC have both increased their investments in Piper Sandler Companies, a financial services firm, in the first quarter of this year.
Piper Sandler reported strong earnings of $4.09 per share, surpassing analysts' expectations.
The company has a market cap of $4.96 billion, and analysts predict it will post $14.14 EPS for the current fiscal year.
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El fondo de pensiones de Illinois y la firma de inversión aumentaron sus participaciones en Piper Sandler, superando las previsiones de ganancias.