Piper Sandler Companies (NYSE:PIPR) Stock Holdings Decreased by Martingale Asset Management L P

Martingale Asset Management L P reduced its position in Piper Sandler Companies (NYSE:PIPR - Free Report) by 15.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 10,679 shares of the financial services provider's stock after selling 1,988 shares during the period. Martingale Asset Management L P owned about 0.06% of Piper Sandler Companies worth $3,031,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. 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. CWM LLC grew its stake 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 valued at $88,000 after buying an additional 57 shares during the period. Finally, FSC Wealth Advisors LLC increased its holdings 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 worth $80,000 after buying an additional 97 shares during the last quarter. 72.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PIPR has been the topic of a number of research analyst reports. JMP Securities reiterated 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 note on Monday, October 28th.

Piper Sandler Companies Price Performance

Shares of PIPR stock traded up $1.28 during mid-day trading on Friday, reaching $342.99. The company's stock had a trading volume of 46,400 shares, compared to its average volume of 111,316. The stock has a market cap of $6.10 billion, a price-to-earnings ratio of 36.64 and a beta of 1.39. The firm's 50 day moving average is $324.46. Piper Sandler Companies has a 12-month low of $152.59 and a 12-month high of $351.80.

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 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $365.07 million. On average, equities research analysts predict that Piper Sandler Companies will post 11.49 EPS for the current fiscal year.

Piper Sandler Companies Announces Dividend

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