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

Natixis Advisors LLC lifted its position in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) by 8.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,838 shares of the financial services provider's stock after purchasing an additional 1,487 shares during the period. Natixis Advisors LLC owned 0.11% of Piper Sandler Companies worth $5,630,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PIPR. OneDigital Investment Advisors LLC increased its stake in shares of Piper Sandler Companies by 2.7% during 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 last quarter. KBC Group NV grew its holdings in Piper Sandler Companies by 20.9% during the third quarter. KBC Group NV now owns 550 shares of the financial services provider's stock valued at $156,000 after purchasing an additional 95 shares during the period. Victory Capital Management Inc. grew its holdings 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 valued at $4,509,000 after purchasing an additional 2,713 shares during the period. Versor Investments LP purchased a new stake in Piper Sandler Companies in the third quarter worth $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 buying an additional 458 shares during the period. Hedge funds and other institutional investors own 72.79% of the company's stock.

Piper Sandler Companies Stock Performance

NYSE:PIPR opened at $340.71 on Friday. Piper Sandler Companies has a 52-week low of $151.03 and a 52-week high of $347.15. The business's fifty day moving average is $313.83 and its 200 day moving average is $289.87. 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 announced its quarterly earnings results 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 net margin of 10.84% and a return on equity of 16.06%. The firm had revenue of $359.57 million during the quarter, compared to the consensus estimate of $365.07 million. Equities analysts predict that Piper Sandler Companies will post 11.49 EPS for the current fiscal year.

Piper Sandler Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders 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 dividend yield of 0.76%. The ex-dividend date of this dividend is Friday, November 22nd. Piper Sandler Companies's payout ratio is 27.78%.

Analyst Upgrades and Downgrades

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

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.