Janus Henderson Group PLC Trims Stock Holdings in Piper Sandler Companies (NYSE:PIPR)

Janus Henderson Group PLC trimmed its stake in Piper Sandler Companies (NYSE:PIPR - Free Report) by 57.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 117,933 shares of the financial services provider's stock after selling 156,839 shares during the quarter. Janus Henderson Group PLC owned approximately 0.66% of Piper Sandler Companies worth $33,467,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Blue Trust Inc. increased its stake in 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 during the last quarter. nVerses Capital LLC increased 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 acquiring an additional 100 shares during the last quarter. USA Financial Formulas acquired a new stake in Piper Sandler Companies during the third quarter worth about $77,000. CWM LLC increased its stake in 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 acquiring an additional 57 shares during the last quarter. Finally, FSC Wealth Advisors LLC increased its stake in 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 acquiring an additional 97 shares during the last quarter. 72.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PIPR shares. JMP Securities restated a "market perform" rating on shares of Piper Sandler Companies in a research note on Tuesday, September 17th. StockNews.com lowered Piper Sandler Companies from a "buy" rating to a "hold" rating in a research note on Monday, October 28th.

Piper Sandler Companies Stock Up 0.4 %

Shares of NYSE PIPR traded up $1.44 on Friday, hitting $333.15. The company had a trading volume of 74,900 shares, compared to its average volume of 89,109. Piper Sandler Companies has a 12-month low of $155.75 and a 12-month high of $351.80. The business has a 50 day moving average of $334.31 and a two-hundred day moving average of $300.24. The firm has a market capitalization of $5.92 billion, a P/E ratio of 35.59 and a beta of 1.43.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last issued its earnings results on Friday, October 25th. The financial services provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.04. Piper Sandler Companies had a return on equity of 16.06% and a net margin of 10.84%. The company had revenue of $359.57 million during the quarter, compared to the consensus estimate of $365.07 million. On average, sell-side analysts anticipate that Piper Sandler Companies will post 11.49 earnings per share for the current year.

Piper Sandler Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 22nd will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Friday, November 22nd. Piper Sandler Companies's dividend payout ratio 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.