3,137 Shares in Piper Sandler Companies (NYSE:PIPR) Purchased by Taika Capital LP

Taika Capital LP acquired a new stake in Piper Sandler Companies (NYSE:PIPR - Free Report) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 3,137 shares of the financial services provider's stock, valued at approximately $890,000.

Several other large investors have also recently added to or reduced their stakes in PIPR. FMR LLC increased its stake in shares of Piper Sandler Companies by 49.0% during the 3rd quarter. FMR LLC now owns 625,048 shares of the financial services provider's stock worth $177,395,000 after purchasing an additional 205,584 shares during the last quarter. Fred Alger Management LLC acquired a new position in shares of Piper Sandler Companies during the 3rd quarter worth $14,645,000. Mesirow Institutional Investment Management Inc. acquired a new position in shares of Piper Sandler Companies during the 2nd quarter worth $10,139,000. Millennium Management LLC increased its stake in shares of Piper Sandler Companies by 66.0% during the 2nd quarter. Millennium Management LLC now owns 77,804 shares of the financial services provider's stock worth $17,908,000 after purchasing an additional 30,942 shares during the last quarter. Finally, Nicholas Investment Partners LP acquired a new position in shares of Piper Sandler Companies during the 2nd quarter worth $5,950,000. Institutional investors and hedge funds own 72.79% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. StockNews.com downgraded shares of Piper Sandler Companies from a "buy" rating to a "hold" rating in a report on Monday, October 28th. JMP Securities reaffirmed a "market perform" rating on shares of Piper Sandler Companies in a report on Tuesday, September 17th.

Piper Sandler Companies Stock Down 0.0 %

Piper Sandler Companies stock traded down $0.15 during mid-day trading on Friday, reaching $331.56. The company had a trading volume of 39,072 shares, compared to its average volume of 106,755. Piper Sandler Companies has a 52 week low of $155.75 and a 52 week high of $351.80. The company has a 50 day moving average of $332.33 and a 200-day moving average of $298.88. The firm has a market cap of $5.90 billion, a price-to-earnings ratio of 35.35 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 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $365.07 million. On average, analysts predict 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 disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 22nd will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Friday, November 22nd. Piper Sandler Companies's dividend payout ratio 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.