Loomis Sayles & Co. L P Raises Stock Holdings in Piper Sandler Companies (NYSE:PIPR)

Loomis Sayles & Co. L P lifted its stake in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) by 6.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 193,983 shares of the financial services provider's stock after buying an additional 11,607 shares during the period. Loomis Sayles & Co. L P owned about 1.09% of Piper Sandler Companies worth $55,055,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PIPR. Dynamic Technology Lab Private Ltd acquired a new position in Piper Sandler Companies in the 3rd quarter valued at approximately $624,000. Fisher Asset Management LLC increased its holdings in Piper Sandler Companies by 9.0% in the third quarter. Fisher Asset Management LLC now owns 145,321 shares of the financial services provider's stock valued at $41,244,000 after purchasing an additional 11,964 shares during the period. Cerity Partners LLC raised its position in Piper Sandler Companies by 21.3% during the 3rd quarter. Cerity Partners LLC now owns 16,060 shares of the financial services provider's stock worth $4,558,000 after purchasing an additional 2,819 shares during the last quarter. Citigroup Inc. raised its position in Piper Sandler Companies by 63.4% during the 3rd quarter. Citigroup Inc. now owns 21,496 shares of the financial services provider's stock worth $6,101,000 after purchasing an additional 8,337 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Piper Sandler Companies by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 205,226 shares of the financial services provider's stock valued at $58,245,000 after buying an additional 2,689 shares during the period. 72.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PIPR. JMP Securities restated a "market perform" rating on shares of Piper Sandler Companies in a report on Tuesday, September 17th. StockNews.com lowered Piper Sandler Companies from a "buy" rating to a "hold" rating in a research report on Monday, October 28th.

Piper Sandler Companies Price Performance

Shares of NYSE:PIPR traded down $5.77 during trading on Tuesday, reaching $343.04. 54,600 shares of the stock were exchanged, compared to its average volume of 108,079. Piper Sandler Companies has a 1-year low of $151.03 and a 1-year high of $351.80. The stock has a fifty day moving average of $317.71 and a two-hundred day moving average of $292.04. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 36.65 and a beta of 1.39.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $359.57 million for the quarter, compared to the consensus estimate of $365.07 million. Piper Sandler Companies had a net margin of 10.84% and a return on equity of 16.06%. Sell-side analysts forecast that Piper Sandler Companies will post 11.49 EPS for the current year.

Piper Sandler Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis 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%.

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.