Systematic Financial Management LP Purchases 6,507 Shares of Piper Sandler Companies (NYSE:PIPR)

Systematic Financial Management LP grew its stake in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) by 3.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 196,342 shares of the financial services provider's stock after acquiring an additional 6,507 shares during the period. Piper Sandler Companies accounts for 1.4% of Systematic Financial Management LP's investment portfolio, making the stock its 6th biggest holding. Systematic Financial Management LP owned 1.10% of Piper Sandler Companies worth $55,724,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PIPR. Bank of Montreal Can boosted its stake in Piper Sandler Companies by 2.1% during the 2nd quarter. Bank of Montreal Can now owns 2,262 shares of the financial services provider's stock valued at $524,000 after purchasing an additional 46 shares during the period. Xponance Inc. increased its position in Piper Sandler Companies by 4.6% during the second quarter. Xponance Inc. now owns 1,101 shares of the financial services provider's stock worth $253,000 after acquiring an additional 48 shares during the period. Commonwealth Equity Services LLC raised its stake in Piper Sandler Companies by 2.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,340 shares of the financial services provider's stock valued at $539,000 after purchasing an additional 54 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Piper Sandler Companies by 1.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 5,010 shares of the financial services provider's stock valued at $1,422,000 after purchasing an additional 56 shares during the period. Finally, CWM LLC grew its position in Piper Sandler Companies by 22.5% in the 3rd 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. Hedge funds and other institutional investors own 72.79% of the company's stock.

Piper Sandler Companies Price Performance

Shares of Piper Sandler Companies stock traded down $2.41 during midday trading on Thursday, hitting $331.72. 39,389 shares of the company were exchanged, compared to its average volume of 106,903. The firm has a 50 day simple moving average of $330.37 and a 200-day simple moving average of $298.01. Piper Sandler Companies has a 52 week low of $155.75 and a 52 week high of $351.80. The firm has a market cap of $5.90 billion, a P/E ratio of 35.43 and a beta of 1.43.

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 earnings per share (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 16.06%. Equities research analysts expect 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. Shareholders of record on Friday, November 22nd will be given a $0.65 dividend. 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 payout ratio is 27.78%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on PIPR shares. StockNews.com downgraded Piper Sandler Companies from a "buy" rating to a "hold" rating in a research report on Monday, October 28th. JMP Securities restated a "market perform" rating on shares of Piper Sandler Companies in a research note 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.