BNP Paribas Financial Markets Purchases 1,681 Shares of Piper Sandler Companies (NYSE:PIPR)

BNP Paribas Financial Markets boosted its holdings in Piper Sandler Companies (NYSE:PIPR - Free Report) by 22.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,213 shares of the financial services provider's stock after buying an additional 1,681 shares during the quarter. BNP Paribas Financial Markets owned 0.05% of Piper Sandler Companies worth $2,615,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Comerica Bank lifted its holdings in Piper Sandler Companies by 7.0% in the 1st quarter. Comerica Bank now owns 8,819 shares of the financial services provider's stock worth $1,751,000 after purchasing an additional 575 shares in the last quarter. Park Avenue Securities LLC increased its holdings in shares of Piper Sandler Companies by 6.3% in the 2nd quarter. Park Avenue Securities LLC now owns 2,735 shares of the financial services provider's stock worth $629,000 after buying an additional 161 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Piper Sandler Companies by 1,576.2% in the 2nd quarter. SG Americas Securities LLC now owns 20,081 shares of the financial services provider's stock valued at $4,622,000 after acquiring an additional 18,883 shares during the last quarter. FSC Wealth Advisors LLC grew its position in Piper Sandler Companies by 39.0% in the second quarter. FSC Wealth Advisors LLC now owns 346 shares of the financial services provider's stock worth $80,000 after acquiring an additional 97 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in Piper Sandler Companies by 194.7% during the second quarter. Blue Trust Inc. now owns 112 shares of the financial services provider's stock worth $26,000 after acquiring an additional 74 shares during the last quarter. 72.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Piper Sandler Companies Price Performance

Shares of NYSE PIPR traded up $1.44 during midday trading on Friday, hitting $333.15. 74,900 shares of the company's stock were exchanged, compared to its average volume of 89,109. The company has a market cap of $5.92 billion, a PE ratio of 35.59 and a beta of 1.43. Piper Sandler Companies has a twelve month low of $155.75 and a twelve month high of $351.80. The firm's fifty day simple moving average is $334.31 and its 200-day simple moving average is $300.24.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last issued its earnings results on Friday, October 25th. The financial services provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.53 by $0.04. The business had revenue of $359.57 million during the quarter, compared to the consensus estimate of $365.07 million. Piper Sandler Companies had a return on equity of 16.06% and a net margin of 10.84%. Equities analysts anticipate 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 will be paid on Friday, December 13th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.65 per share. The ex-dividend date is Friday, November 22nd. This represents a $2.60 annualized dividend and a yield of 0.78%. 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.