Fisher Asset Management LLC Purchases 11,964 Shares of Piper Sandler Companies (NYSE:PIPR)

Fisher Asset Management LLC raised its stake in Piper Sandler Companies (NYSE:PIPR - Free Report) by 9.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,321 shares of the financial services provider's stock after acquiring an additional 11,964 shares during the quarter. Fisher Asset Management LLC owned about 0.82% of Piper Sandler Companies worth $41,244,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Russell Investments Group Ltd. grew its stake in shares of Piper Sandler Companies by 1,473.3% during the first quarter. Russell Investments Group Ltd. now owns 1,416 shares of the financial services provider's stock worth $281,000 after purchasing an additional 1,326 shares during the period. CANADA LIFE ASSURANCE Co increased its position in shares of Piper Sandler Companies by 6.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 14,117 shares of the financial services provider's stock worth $2,798,000 after purchasing an additional 860 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Piper Sandler Companies by 6.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,751 shares of the financial services provider's stock worth $2,135,000 after purchasing an additional 638 shares during the last quarter. Comerica Bank lifted its stake in Piper Sandler Companies by 7.0% in the 1st quarter. Comerica Bank now owns 8,819 shares of the financial services provider's stock valued at $1,751,000 after purchasing an additional 575 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of Piper Sandler Companies by 11.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 4,954 shares of the financial services provider's stock worth $1,140,000 after acquiring an additional 494 shares during the period. Institutional investors and hedge funds own 72.79% of the company's stock.

Piper Sandler Companies Stock Performance

Shares of Piper Sandler Companies stock traded down $1.10 on Wednesday, hitting $341.94. The stock had a trading volume of 30,017 shares, compared to its average volume of 107,733. The stock has a 50 day moving average of $317.71 and a 200 day moving average of $292.04. The firm has a market capitalization of $6.08 billion, a P/E ratio of 36.47 and a beta of 1.39. Piper Sandler Companies has a twelve month low of $151.96 and a twelve month 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 (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.04. The firm 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 expect that Piper Sandler Companies will post 11.49 earnings per share for the current year.

Piper Sandler Companies Announces Dividend

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

Analyst Upgrades and Downgrades

PIPR has been the topic of a number of recent research reports. StockNews.com lowered shares of Piper Sandler Companies from a "buy" rating to a "hold" rating in a research report on Monday, October 28th. JMP Securities reaffirmed a "market perform" rating on shares of Piper Sandler Companies in a research note on Tuesday, September 17th.

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.