Taika Capital LP bought a new position in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 3,137 shares of the financial services provider's stock, valued at approximately $890,000.
Other hedge funds have also made changes to their positions in the company. Blue Trust Inc. boosted its stake in shares of Piper Sandler Companies by 194.7% in the 2nd quarter. Blue Trust Inc. now owns 112 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 74 shares during the last quarter. nVerses Capital LLC boosted its stake in Piper Sandler Companies by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 200 shares of the financial services provider's stock worth $46,000 after acquiring an additional 100 shares during the last quarter. USA Financial Formulas bought a new position in Piper Sandler Companies during the 3rd quarter worth approximately $77,000. FSC Wealth Advisors LLC boosted its stake in Piper Sandler Companies by 39.0% during the 2nd quarter. FSC Wealth Advisors LLC now owns 346 shares of the financial services provider's stock worth $80,000 after acquiring an additional 97 shares during the last quarter. Finally, CWM LLC boosted its stake in Piper Sandler Companies by 22.5% during the 3rd quarter. CWM LLC now owns 310 shares of the financial services provider's stock worth $88,000 after acquiring an additional 57 shares during the last quarter. Institutional investors and hedge funds own 72.79% of the company's stock.
Piper Sandler Companies Price Performance
Shares of Piper Sandler Companies stock traded down $0.15 on Friday, hitting $331.56. The company had a trading volume of 39,072 shares, compared to its average volume of 106,755. The firm has a market capitalization of $5.90 billion, a P/E ratio of 35.35 and a beta of 1.43. Piper Sandler Companies has a twelve month low of $155.75 and a twelve month high of $351.80. The stock has a 50-day moving average of $332.33 and a 200-day moving average of $298.88.
Piper Sandler Companies (NYSE:PIPR - Get Free Report) last released its quarterly earnings results on Friday, October 25th. The financial services provider reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.53 by $0.04. The company had revenue of $359.57 million during the quarter, compared to analysts' expectations of $365.07 million. Piper Sandler Companies had a net margin of 10.84% and a return on equity of 16.06%. Equities analysts predict that Piper Sandler Companies will post 11.49 EPS for the current year.
Piper Sandler Companies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 22nd will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Friday, November 22nd. Piper Sandler Companies's dividend payout ratio is presently 27.78%.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on PIPR shares. JMP Securities reissued a "market perform" rating on shares of Piper Sandler Companies in a research note on Tuesday, September 17th. StockNews.com lowered shares of Piper Sandler Companies from a "buy" rating to a "hold" rating in a research note on Monday, October 28th.
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About Piper Sandler Companies
(
Free Report)
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.
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