Natixis Advisors LLC Purchases 1,487 Shares of Piper Sandler Companies (NYSE:PIPR)

Natixis Advisors LLC boosted its stake in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) by 8.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,838 shares of the financial services provider's stock after acquiring an additional 1,487 shares during the quarter. Natixis Advisors LLC owned about 0.11% of Piper Sandler Companies worth $5,630,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. OneDigital Investment Advisors LLC boosted its holdings in shares of Piper Sandler Companies by 2.7% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,176 shares of the financial services provider's stock worth $618,000 after purchasing an additional 58 shares during the period. KBC Group NV lifted its position in Piper Sandler Companies by 20.9% in the third quarter. KBC Group NV now owns 550 shares of the financial services provider's stock worth $156,000 after buying an additional 95 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Piper Sandler Companies by 20.6% during the third quarter. Victory Capital Management Inc. now owns 15,889 shares of the financial services provider's stock worth $4,509,000 after buying an additional 2,713 shares during the period. Versor Investments LP bought a new position in Piper Sandler Companies during the third quarter valued at $880,000. Finally, Crossmark Global Holdings Inc. raised its stake in shares of Piper Sandler Companies by 42.0% in the third quarter. Crossmark Global Holdings Inc. now owns 1,548 shares of the financial services provider's stock valued at $439,000 after acquiring an additional 458 shares during the period. 72.79% of the stock is currently owned by hedge funds and other institutional investors.

Piper Sandler Companies Stock Up 0.1 %

PIPR stock opened at $340.71 on Friday. The business's fifty day simple moving average is $313.83 and its two-hundred day simple moving average is $289.87. Piper Sandler Companies has a twelve month low of $151.03 and a twelve month high of $347.15. The firm has a market cap of $6.06 billion, a price-to-earnings ratio of 36.40 and a beta of 1.39.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last released its earnings results on Friday, October 25th. The financial services provider reported $2.57 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $359.57 million for the quarter, compared to analyst estimates of $365.07 million. Research analysts expect 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 will be paid on Friday, December 13th. Shareholders of record on Friday, November 22nd will be paid a $0.65 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.60 dividend on an annualized basis and a yield of 0.76%. Piper Sandler Companies's payout ratio is 27.78%.

Analysts Set New Price Targets

PIPR has been the subject of a number of recent analyst reports. StockNews.com cut shares of Piper Sandler Companies from a "buy" rating to a "hold" rating in a research note on Monday, October 28th. JMP Securities restated a "market perform" rating on shares of Piper Sandler Companies in a research report on Tuesday, September 17th.

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.