Loomis Sayles & Co. L P Purchases 11,607 Shares of Piper Sandler Companies (NYSE:PIPR)

Loomis Sayles & Co. L P boosted its stake in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) by 6.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 193,983 shares of the financial services provider's stock after buying an additional 11,607 shares during the quarter. Loomis Sayles & Co. L P owned approximately 1.09% of Piper Sandler Companies worth $55,055,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in PIPR. Blue Trust Inc. lifted its position in shares of Piper Sandler Companies by 194.7% during the 2nd quarter. Blue Trust Inc. now owns 112 shares of the financial services provider's stock valued at $26,000 after buying an additional 74 shares during the last quarter. nVerses Capital LLC boosted its position in Piper Sandler Companies by 100.0% during the second quarter. nVerses Capital LLC now owns 200 shares of the financial services provider's stock worth $46,000 after purchasing an additional 100 shares during the period. USA Financial Formulas purchased a new position in shares of Piper Sandler Companies in the third quarter worth about $77,000. FSC Wealth Advisors LLC increased its stake in shares of 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 purchasing an additional 97 shares in the last quarter. Finally, CWM LLC raised its position in shares of Piper Sandler Companies by 22.5% in the third quarter. CWM LLC now owns 310 shares of the financial services provider's stock valued at $88,000 after purchasing an additional 57 shares during the period. Hedge funds and other institutional investors own 72.79% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on PIPR shares. JMP Securities reaffirmed a "market perform" rating on shares of Piper Sandler Companies in a report on Tuesday, September 17th. StockNews.com cut Piper Sandler Companies from a "buy" rating to a "hold" rating in a report on Monday, October 28th.

Piper Sandler Companies Stock Performance

Piper Sandler Companies stock traded down $5.77 during midday trading on Tuesday, reaching $343.04. 54,600 shares of the stock were exchanged, compared to its average volume of 108,079. Piper Sandler Companies has a 52 week low of $151.03 and a 52 week high of $351.80. The firm has a market cap of $6.10 billion, a PE ratio of 36.65 and a beta of 1.39. The company's fifty day moving average is $317.71 and its 200-day moving average is $292.04.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last released its quarterly earnings results on Friday, October 25th. The financial services provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.04. The firm had revenue of $359.57 million for the quarter, compared to analysts' expectations of $365.07 million. Piper Sandler Companies had a net margin of 10.84% and a return on equity of 16.06%. On average, sell-side analysts anticipate that Piper Sandler Companies will post 11.49 earnings per share for the current fiscal year.

Piper Sandler Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.65 per share. The ex-dividend date is Friday, November 22nd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.76%. 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.