Algert Global LLC Has $2.64 Million Position in Piper Sandler Companies (NYSE:PIPR)

Algert Global LLC lowered its position in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) by 48.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,310 shares of the financial services provider's stock after selling 8,840 shares during the quarter. Algert Global LLC owned approximately 0.05% of Piper Sandler Companies worth $2,642,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. 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 purchasing an additional 74 shares during the last quarter. nVerses Capital LLC grew its position in shares of Piper Sandler Companies by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 200 shares of the financial services provider's stock worth $46,000 after buying an additional 100 shares during the period. USA Financial Formulas bought a new stake in shares of Piper Sandler Companies in the 3rd quarter valued at about $77,000. FSC Wealth Advisors LLC raised its holdings in shares of Piper Sandler Companies by 39.0% during 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 during the period. Finally, CWM LLC boosted its stake 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 period. Institutional investors and hedge funds own 72.79% of the company's stock.

Analyst Upgrades and Downgrades

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

Piper Sandler Companies Stock Down 0.4 %

PIPR traded down $1.33 during trading hours on Wednesday, hitting $341.71. 71,900 shares of the company's stock were exchanged, compared to its average volume of 107,921. The stock has a market cap of $6.08 billion, a price-to-earnings ratio of 36.51 and a beta of 1.39. Piper Sandler Companies has a 1-year low of $151.96 and a 1-year high of $351.80. The stock's 50-day moving average is $319.85 and its two-hundred day moving average is $293.04.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last posted its quarterly earnings data on Friday, October 25th. The financial services provider reported $2.57 EPS for the quarter, topping analysts' consensus estimates of $2.53 by $0.04. The company 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%. On average, equities research analysts anticipate that Piper Sandler Companies will post 11.49 EPS for the current year.

Piper Sandler Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Friday, November 22nd. Piper Sandler Companies's dividend payout ratio (DPR) is 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.