Piper Sandler Companies (NYSE:PIPR) Shares Bought by Systematic Financial Management LP

Systematic Financial Management LP grew its holdings in Piper Sandler Companies (NYSE:PIPR - Free Report) by 3.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 196,342 shares of the financial services provider's stock after purchasing an additional 6,507 shares during the quarter. Piper Sandler Companies makes up approximately 1.4% of Systematic Financial Management LP's holdings, making the stock its 6th biggest holding. Systematic Financial Management LP owned about 1.10% of Piper Sandler Companies worth $55,724,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Blue Trust Inc. lifted its holdings in shares of 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 in the last quarter. nVerses Capital LLC grew its position in 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 in the last quarter. USA Financial Formulas bought a new stake in Piper Sandler Companies during the third quarter worth about $77,000. FSC Wealth Advisors LLC raised its position in 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 in the last quarter. Finally, CWM LLC grew its position in shares of Piper Sandler Companies by 22.5% in the 3rd quarter. CWM LLC now owns 310 shares of the financial services provider's stock valued at $88,000 after acquiring an additional 57 shares during the period. 72.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Piper Sandler Companies Stock Performance

Shares of NYSE PIPR traded down $2.41 during mid-day trading on Thursday, reaching $331.72. The company had a trading volume of 39,389 shares, compared to its average volume of 106,903. Piper Sandler Companies has a one year low of $155.75 and a one year high of $351.80. The business's 50-day simple moving average is $330.37 and its 200 day simple moving average is $298.01. The firm has a market cap of $5.90 billion, a price-to-earnings ratio of 35.43 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 EPS for the quarter, beating the consensus estimate of $2.53 by $0.04. Piper Sandler Companies had a net margin of 10.84% and a return on equity of 16.06%. The business had revenue of $359.57 million during the quarter, compared to the consensus estimate of $365.07 million. On average, sell-side analysts anticipate that Piper Sandler Companies will post 11.49 EPS for the current year.

Piper Sandler Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 22nd will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.78%. The ex-dividend date is Friday, November 22nd. Piper Sandler Companies's dividend payout ratio (DPR) is presently 27.78%.

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.