Public Employees Retirement System of Ohio Sells 1,672 Shares of Piper Sandler Companies (NYSE:PIPR)

Public Employees Retirement System of Ohio lessened its holdings in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) by 11.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,063 shares of the financial services provider's stock after selling 1,672 shares during the period. Public Employees Retirement System of Ohio owned about 0.07% of Piper Sandler Companies worth $3,707,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. boosted its stake 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 purchasing an additional 74 shares in the last quarter. nVerses Capital LLC boosted its position in Piper Sandler Companies by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 200 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 100 shares in the last quarter. USA Financial Formulas purchased a new position in shares of Piper Sandler Companies in the 3rd quarter valued at approximately $77,000. CWM LLC boosted its position in shares of Piper Sandler Companies by 22.5% during 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 in the last quarter. Finally, KBC Group NV grew its stake in Piper Sandler Companies by 20.9% in the third quarter. KBC Group NV now owns 550 shares of the financial services provider's stock worth $156,000 after purchasing an additional 95 shares during the period. Institutional investors own 72.79% of the company's stock.

Wall Street Analysts Forecast Growth

PIPR has been the subject of several recent research reports. JMP Securities reissued a "market perform" rating on shares of Piper Sandler Companies in a research report on Tuesday, September 17th. StockNews.com cut shares of Piper Sandler Companies from a "buy" rating to a "hold" rating in a research report on Monday, October 28th.

Piper Sandler Companies Price Performance

PIPR stock traded up $2.38 on Monday, reaching $321.34. 75,100 shares of the company traded hands, compared to its average volume of 106,647. The firm has a fifty day simple moving average of $334.37 and a 200-day simple moving average of $305.04. The company has a market cap of $5.71 billion, a P/E ratio of 34.33 and a beta of 1.43. Piper Sandler Companies has a one year low of $162.50 and a one year high of $351.80.

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, topping analysts' consensus estimates 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 company had revenue of $359.57 million for the quarter, compared to analysts' expectations of $365.07 million. On average, sell-side analysts forecast that Piper Sandler Companies will post 11.49 EPS for the current year.

Piper Sandler Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 22nd were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was Friday, November 22nd. Piper Sandler Companies's payout ratio is 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.