New York State Teachers Retirement System Sells 2,100 Shares of Piper Sandler Companies (NYSE:PIPR)

New York State Teachers Retirement System decreased its position in Piper Sandler Companies (NYSE:PIPR - Free Report) by 6.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 30,049 shares of the financial services provider's stock after selling 2,100 shares during the quarter. New York State Teachers Retirement System owned 0.17% of Piper Sandler Companies worth $8,528,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Piper Sandler Companies by 1.1% in the first quarter. Vanguard Group Inc. now owns 1,971,201 shares of the financial services provider's stock valued at $391,264,000 after buying an additional 20,891 shares in the last quarter. Lord Abbett & CO. LLC lifted its position in shares of Piper Sandler Companies by 7.4% during the first quarter. Lord Abbett & CO. LLC now owns 285,542 shares of the financial services provider's stock worth $56,677,000 after purchasing an additional 19,662 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Piper Sandler Companies by 5.8% in the second quarter. Bank of New York Mellon Corp now owns 170,145 shares of the financial services provider's stock valued at $39,162,000 after purchasing an additional 9,380 shares in the last quarter. Millennium Management LLC raised its position in Piper Sandler Companies by 66.0% in the 2nd quarter. Millennium Management LLC now owns 77,804 shares of the financial services provider's stock worth $17,908,000 after purchasing an additional 30,942 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Piper Sandler Companies by 16.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 59,458 shares of the financial services provider's stock valued at $11,802,000 after buying an additional 8,510 shares during the last quarter. 72.79% of the stock is owned by institutional investors.

Piper Sandler Companies Trading Down 0.1 %

NYSE:PIPR traded down $0.37 during mid-day trading on Monday, hitting $283.29. The company had a trading volume of 95,636 shares, compared to its average volume of 107,028. The stock has a market capitalization of $5.01 billion, a price-to-earnings ratio of 30.27 and a beta of 1.39. Piper Sandler Companies has a fifty-two week low of $140.01 and a fifty-two week high of $306.10. The company has a fifty day moving average price of $289.93.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last issued its 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. The firm had revenue of $359.57 million during 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 16.18%. As a group, research analysts anticipate that Piper Sandler Companies will post 11.49 earnings per share for the current year.

Piper Sandler Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Friday, November 22nd. Piper Sandler Companies's dividend payout ratio (DPR) is presently 27.78%.

Insider Activity at Piper Sandler Companies

In other Piper Sandler Companies news, Director Philip Soran sold 1,792 shares of Piper Sandler Companies stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $263.92, for a total value of $472,944.64. Following the transaction, the director now owns 18,341 shares of the company's stock, valued at approximately $4,840,556.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, General Counsel John W. Geelan sold 1,789 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $256.73, for a total transaction of $459,289.97. Following the completion of the transaction, the general counsel now directly owns 15,065 shares in the company, valued at approximately $3,867,637.45. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Philip Soran sold 1,792 shares of Piper Sandler Companies stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $263.92, for a total value of $472,944.64. Following the completion of the sale, the director now directly owns 18,341 shares in the company, valued at approximately $4,840,556.72. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. JMP Securities reiterated a "market perform" rating on shares of Piper Sandler Companies in a report on Tuesday, September 17th. StockNews.com downgraded shares of Piper Sandler Companies from a "buy" rating to a "hold" rating in a research note on Monday, October 28th.

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.