BNP Paribas Financial Markets Raises Stock Holdings in Piper Sandler Companies (NYSE:PIPR)

BNP Paribas Financial Markets boosted its holdings in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) by 22.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,213 shares of the financial services provider's stock after purchasing an additional 1,681 shares during the period. BNP Paribas Financial Markets owned about 0.05% of Piper Sandler Companies worth $2,615,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of PIPR. Blue Trust Inc. boosted its position in Piper Sandler Companies by 194.7% in the second quarter. Blue Trust Inc. now owns 112 shares of the financial services provider's stock valued at $26,000 after buying an additional 74 shares in the last quarter. nVerses Capital LLC lifted its stake in shares of Piper Sandler Companies by 100.0% in the 2nd quarter. nVerses Capital LLC now owns 200 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 100 shares during the last quarter. USA Financial Formulas acquired a new stake in shares of Piper Sandler Companies during the 3rd quarter valued at $77,000. CWM LLC grew its position 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. Finally, FSC Wealth Advisors LLC increased its holdings in Piper Sandler Companies by 39.0% in the 2nd quarter. FSC Wealth Advisors LLC now owns 346 shares of the financial services provider's stock worth $80,000 after purchasing an additional 97 shares in the last quarter. Institutional investors and hedge funds own 72.79% of the company's stock.

Piper Sandler Companies Trading Up 0.4 %

NYSE:PIPR traded up $1.44 during trading hours on Friday, hitting $333.15. 74,900 shares of the company were exchanged, compared to its average volume of 89,109. The company has a fifty day simple moving average of $334.31 and a 200 day simple moving average of $299.79. The stock has a market capitalization of $5.92 billion, a price-to-earnings ratio of 35.59 and a beta of 1.43. Piper Sandler Companies has a one year low of $155.75 and a one year high of $351.80.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last announced 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. Piper Sandler Companies had a return on equity of 16.06% and a net margin of 10.84%. The firm had revenue of $359.57 million for the quarter, compared to analysts' expectations of $365.07 million. Equities research analysts predict that Piper Sandler Companies will post 11.49 earnings per share 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. Investors of record on Friday, November 22nd will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Friday, November 22nd. Piper Sandler Companies's dividend payout ratio (DPR) is presently 27.78%.

Analyst Upgrades and Downgrades

PIPR has been the topic of a number of recent research reports. JMP Securities reissued 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 Company 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.