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

Fisher Asset Management LLC boosted its position in Piper Sandler Companies (NYSE:PIPR - Free Report) by 9.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 145,321 shares of the financial services provider's stock after acquiring an additional 11,964 shares during the period. Fisher Asset Management LLC owned about 0.82% of Piper Sandler Companies worth $41,244,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Blue Trust Inc. lifted its holdings in shares of 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 acquiring an additional 74 shares during the period. nVerses Capital LLC raised its stake in 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 purchasing an additional 100 shares during the period. USA Financial Formulas acquired a new position in shares of Piper Sandler Companies in the 3rd quarter valued at $77,000. FSC Wealth Advisors LLC grew its stake in shares of 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 valued at $80,000 after buying an additional 97 shares during the period. Finally, CWM LLC increased its holdings in shares of 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 buying an additional 57 shares during the last quarter. 72.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PIPR has been the topic of a number of 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 Trading Down 0.3 %

PIPR stock traded down $1.10 on Wednesday, hitting $341.94. 30,017 shares of the company's stock traded hands, compared to its average volume of 107,733. The stock has a market cap of $6.08 billion, a price-to-earnings ratio of 36.47 and a beta of 1.39. Piper Sandler Companies has a 1-year low of $151.96 and a 1-year high of $351.80. The stock has a fifty day moving average of $317.71 and a 200-day moving average of $292.04.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.53 by $0.04. The business had revenue of $359.57 million for the quarter, compared to analyst estimates of $365.07 million. Piper Sandler Companies had a net margin of 10.84% and a return on equity of 16.06%. On average, equities research analysts anticipate that Piper Sandler Companies will post 11.49 earnings per share for the current fiscal year.

Piper Sandler Companies Dividend Announcement

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

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.