BNP PARIBAS ASSET MANAGEMENT Holding S.A. Raises Stake in Piper Sandler Companies (NYSE:PIPR)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) by 6.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,514 shares of the financial services provider's stock after purchasing an additional 3,677 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.34% of Piper Sandler Companies worth $17,175,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Blue Trust Inc. increased its stake in Piper Sandler Companies by 194.7% during the 2nd quarter. Blue Trust Inc. now owns 112 shares of the financial services provider's stock worth $26,000 after buying an additional 74 shares during the period. nVerses Capital LLC increased its position in shares of Piper Sandler Companies by 100.0% during the second 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 period. USA Financial Formulas acquired a new stake in shares of Piper Sandler Companies in the third quarter valued at $77,000. FSC Wealth Advisors LLC boosted its holdings in Piper Sandler Companies by 39.0% in the second quarter. FSC Wealth Advisors LLC now owns 346 shares of the financial services provider's stock valued at $80,000 after purchasing an additional 97 shares during the period. Finally, CWM LLC grew 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 purchasing an additional 57 shares in the last quarter. Institutional investors and hedge funds own 72.79% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PIPR shares. JMP Securities reiterated a "market perform" rating on shares of Piper Sandler Companies in a research note on Tuesday, September 17th. StockNews.com downgraded shares of Piper Sandler Companies from a "buy" rating to a "hold" rating in a research report on Monday, October 28th.

Piper Sandler Companies Stock Performance

Shares of NYSE PIPR traded up $0.37 during midday trading on Friday, hitting $340.71. 71,200 shares of the company's stock were exchanged, compared to its average volume of 122,311. The firm has a fifty day simple moving average of $313.83. The company has a market cap of $6.06 billion, a P/E ratio of 36.40 and a beta of 1.39. Piper Sandler Companies has a twelve month low of $151.03 and a twelve month high of $347.15.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last issued its quarterly earnings data on Friday, October 25th. The financial services provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.04. The business had revenue of $359.57 million during the quarter, compared to the consensus estimate of $365.07 million. Piper Sandler Companies had a net margin of 10.84% and a return on equity of 16.06%. On average, analysts anticipate that Piper Sandler Companies will post 11.49 EPS for the current fiscal year.

Piper Sandler Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 22nd will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Friday, November 22nd. Piper Sandler Companies's payout ratio is currently 27.78%.

Piper Sandler Companies Profile

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.