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

Jane Street Group LLC trimmed its position in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) by 37.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,018 shares of the financial services provider's stock after selling 5,504 shares during the quarter. Jane Street Group LLC owned 0.05% of Piper Sandler Companies worth $2,559,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. raised its holdings in shares of 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 acquiring an additional 74 shares during the last quarter. New York State Teachers Retirement System boosted its position in shares of Piper Sandler Companies by 1.9% during the second quarter. New York State Teachers Retirement System now owns 32,149 shares of the financial services provider's stock valued at $7,400,000 after buying an additional 610 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Piper Sandler Companies by 5.8% during the second quarter. Bank of New York Mellon Corp now owns 170,145 shares of the financial services provider's stock valued at $39,162,000 after buying an additional 9,380 shares during the last quarter. Legato Capital Management LLC bought a new stake in Piper Sandler Companies during the second quarter worth $757,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Piper Sandler Companies by 2.7% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 56,837 shares of the financial services provider's stock valued at $13,082,000 after buying an additional 1,491 shares during the last quarter. 72.79% of the stock is currently owned by institutional investors.

Piper Sandler Companies Trading Up 0.7 %

Shares of PIPR stock traded up $1.97 during trading on Monday, hitting $299.72. The company's stock had a trading volume of 59,600 shares, compared to its average volume of 107,522. The business has a fifty day moving average of $327.54 and a 200-day moving average of $307.88. The company has a market cap of $5.33 billion, a PE ratio of 32.02 and a beta of 1.43. Piper Sandler Companies has a 52 week low of $162.50 and a 52 week high of $351.80.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last announced its quarterly earnings data 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 firm 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, research analysts predict that Piper Sandler Companies will post 11.49 EPS for the current year.

Piper Sandler Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 22nd were issued a dividend of $0.65 per share. 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 dividend payout ratio (DPR) is presently 27.78%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. JMP Securities reaffirmed a "market perform" rating on shares of Piper Sandler Companies in a report on Tuesday, September 17th. StockNews.com raised shares of Piper Sandler Companies from a "hold" rating to a "buy" rating in a research 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.