Charles Schwab Investment Management Inc. Has $58.25 Million Stock Holdings in Piper Sandler Companies (NYSE:PIPR)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) by 1.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 205,226 shares of the financial services provider's stock after acquiring an additional 2,689 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.16% of Piper Sandler Companies worth $58,245,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PIPR. Blue Trust Inc. increased its position in shares of Piper Sandler Companies by 194.7% during the second quarter. Blue Trust Inc. now owns 112 shares of the financial services provider's stock worth $26,000 after acquiring an additional 74 shares in the last quarter. nVerses Capital LLC increased its holdings 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 purchasing an additional 100 shares in the last quarter. USA Financial Formulas bought a new stake in shares of Piper Sandler Companies in the third quarter valued at about $77,000. CWM LLC boosted its position in shares of Piper Sandler Companies by 22.5% during the third quarter. CWM LLC now owns 310 shares of the financial services provider's stock worth $88,000 after buying an additional 57 shares during the period. Finally, FSC Wealth Advisors LLC grew its holdings in shares of Piper Sandler Companies by 39.0% during the second quarter. FSC Wealth Advisors LLC now owns 346 shares of the financial services provider's stock worth $80,000 after buying an additional 97 shares in the last quarter. 72.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on PIPR shares. JMP Securities reaffirmed a "market perform" rating on shares of Piper Sandler Companies in a research report 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

PIPR traded up $1.28 on Friday, hitting $342.99. 46,400 shares of the company were exchanged, compared to its average volume of 107,655. The stock's fifty day moving average is $324.46 and its 200-day moving average is $295.22. Piper Sandler Companies has a 12 month low of $152.59 and a 12 month high of $351.80. The company has a market cap of $6.10 billion, a PE ratio of 36.64 and a beta of 1.39.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last released its quarterly earnings data on Friday, October 25th. The financial services provider reported $2.57 EPS 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 the consensus estimate of $365.07 million. Piper Sandler Companies had a return on equity of 16.06% and a net margin of 10.84%. As a group, equities research analysts expect that Piper Sandler Companies will post 11.49 EPS for the current fiscal year.

Piper Sandler Companies Dividend Announcement

The company 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 0.76%. The ex-dividend date of this dividend is Friday, November 22nd. Piper Sandler Companies's dividend payout ratio (DPR) is presently 27.78%.

About Piper Sandler Companies

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.