Jane Street Group LLC Sells 5,504 Shares of Piper Sandler Companies (NYSE:PIPR)

Jane Street Group LLC reduced its stake in Piper Sandler Companies (NYSE:PIPR - Free Report) by 37.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,018 shares of the financial services provider's stock after selling 5,504 shares during the period. Jane Street Group LLC owned about 0.05% of Piper Sandler Companies worth $2,559,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in PIPR. Blue Trust Inc. increased its holdings in Piper Sandler Companies by 194.7% in the 2nd quarter. Blue Trust Inc. now owns 112 shares of the financial services provider's stock worth $26,000 after purchasing an additional 74 shares in the last quarter. nVerses Capital LLC increased its stake in shares of Piper Sandler Companies by 100.0% in the second quarter. nVerses Capital LLC now owns 200 shares of the financial services provider's stock valued at $46,000 after buying an additional 100 shares during the period. USA Financial Formulas acquired a new stake in Piper Sandler Companies during the 3rd quarter worth approximately $77,000. CWM LLC grew its holdings 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, KBC Group NV increased its position in Piper Sandler Companies by 20.9% in the 3rd quarter. KBC Group NV now owns 550 shares of the financial services provider's stock valued at $156,000 after acquiring an additional 95 shares during the period. 72.79% of the stock is owned by institutional investors.

Piper Sandler Companies Trading Up 0.7 %

PIPR stock traded up $1.97 during trading on Monday, hitting $299.72. The company had a trading volume of 59,600 shares, compared to its average volume of 107,522. The stock has a market cap of $5.33 billion, a PE ratio of 32.02 and a beta of 1.43. The business has a 50-day moving average of $327.54 and a 200-day moving average of $307.88. Piper Sandler Companies has a one year low of $162.50 and a one year high of $351.80.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last posted its quarterly earnings data on Friday, October 25th. The financial services provider reported $2.57 EPS for the quarter, beating analysts' consensus estimates of $2.53 by $0.04. Piper Sandler Companies had a net margin of 10.84% and a return on equity of 16.06%. The company had revenue of $359.57 million for the quarter, compared to analyst estimates of $365.07 million. Research analysts forecast that Piper Sandler Companies will post 11.49 EPS for the current year.

Piper Sandler Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 22nd were issued a $0.65 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $2.60 dividend on an annualized basis and a yield of 0.87%. Piper Sandler Companies's payout ratio is currently 27.78%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on PIPR shares. JMP Securities reiterated a "market perform" rating on shares of Piper Sandler Companies in a report on Tuesday, September 17th. StockNews.com raised Piper Sandler Companies from a "hold" rating to a "buy" rating in a report on Friday.

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.