Tidal Investments LLC Has $1.73 Million Stake in Piper Sandler Companies (NYSE:PIPR)

Tidal Investments LLC grew its position in Piper Sandler Companies (NYSE:PIPR - Free Report) by 75.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,104 shares of the financial services provider's stock after acquiring an additional 2,629 shares during the period. Tidal Investments LLC's holdings in Piper Sandler Companies were worth $1,732,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Trust Inc. raised its stake in Piper Sandler Companies by 194.7% in the 2nd quarter. Blue Trust Inc. now owns 112 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 74 shares during the period. nVerses Capital LLC increased its holdings in shares of Piper Sandler Companies by 100.0% in the second quarter. nVerses Capital LLC now owns 200 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 100 shares during the last quarter. USA Financial Formulas bought a new position in shares of Piper Sandler Companies in the third quarter valued at about $77,000. CWM LLC lifted 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 worth $88,000 after buying an additional 57 shares during the last quarter. Finally, KBC Group NV grew its stake in Piper Sandler Companies by 20.9% in the 3rd quarter. KBC Group NV now owns 550 shares of the financial services provider's stock valued at $156,000 after buying an additional 95 shares during the last quarter. Institutional investors own 72.79% of the company's stock.

Analyst Ratings Changes

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

Piper Sandler Companies Trading Down 5.1 %

Shares of NYSE:PIPR traded down $16.06 on Wednesday, reaching $296.13. 142,800 shares of the company's stock were exchanged, compared to its average volume of 106,747. Piper Sandler Companies has a twelve month low of $162.50 and a twelve month high of $351.80. The company has a fifty day moving average of $332.07 and a 200-day moving average of $305.73. The company has a market capitalization of $5.27 billion, a price-to-earnings ratio of 31.64 and a beta of 1.43.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last announced its quarterly earnings data on Friday, October 25th. The financial services provider reported $2.57 earnings per share 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 analysts' expectations of $365.07 million. Piper Sandler Companies had a return on equity of 16.06% and a net margin of 10.84%. As a group, equities research analysts forecast that Piper Sandler Companies will post 11.49 EPS for the current fiscal year.

Piper Sandler Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 22nd were paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.88%. The ex-dividend date was Friday, November 22nd. Piper Sandler Companies's dividend payout ratio (DPR) 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.