Piper Sandler Companies (NYSE:PIPR) Shares Purchased by Barclays PLC

Barclays PLC grew its stake in Piper Sandler Companies (NYSE:PIPR - Free Report) by 307.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,328 shares of the financial services provider's stock after purchasing an additional 24,388 shares during the quarter. Barclays PLC owned approximately 0.18% of Piper Sandler Companies worth $9,174,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of PIPR. Blue Trust Inc. increased its holdings in Piper Sandler Companies by 194.7% in the second quarter. Blue Trust Inc. now owns 112 shares of the financial services provider's stock valued at $26,000 after buying an additional 74 shares during the last quarter. nVerses Capital LLC increased its holdings in shares of Piper Sandler Companies by 100.0% in the 2nd quarter. nVerses Capital LLC now owns 200 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 100 shares during the last quarter. USA Financial Formulas acquired a new stake in shares of Piper Sandler Companies during the 3rd quarter valued at approximately $77,000. CWM LLC lifted its stake in Piper Sandler Companies by 22.5% during the third quarter. CWM LLC now owns 310 shares of the financial services provider's stock worth $88,000 after purchasing an additional 57 shares during the last quarter. Finally, KBC Group NV boosted its holdings 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 purchasing an additional 95 shares during the period. Institutional investors own 72.79% of the company's stock.

Wall Street Analyst Weigh In

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

Piper Sandler Companies Trading Down 5.1 %

PIPR traded down $16.06 during trading on Wednesday, reaching $296.13. 142,780 shares of the company were exchanged, compared to its average volume of 106,747. Piper Sandler Companies has a 52 week low of $162.50 and a 52 week high of $351.80. The firm has a 50 day moving average of $333.27 and a 200 day moving average of $305.14. The stock has a market cap of $5.27 billion, a P/E ratio of 31.64 and a beta of 1.43.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last released its quarterly earnings results on Friday, October 25th. The financial services provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.53 by $0.04. The business had revenue of $359.57 million during the quarter, compared to analyst estimates of $365.07 million. Piper Sandler Companies had a net margin of 10.84% and a return on equity of 16.06%. As a group, analysts forecast that Piper Sandler Companies will post 11.49 earnings per share for the current fiscal year.

Piper Sandler Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 22nd were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $2.60 annualized dividend and a dividend yield of 0.88%. Piper Sandler Companies's dividend payout ratio is presently 27.78%.

About Piper Sandler Companies

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.