Tidal Investments LLC Has $1.73 Million Stock Position in Piper Sandler Companies (NYSE:PIPR)

Tidal Investments LLC increased its stake in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) by 75.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,104 shares of the financial services provider's stock after buying an additional 2,629 shares during the period. Tidal Investments LLC's holdings in Piper Sandler Companies were worth $1,732,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in PIPR. Blue Trust Inc. increased its stake in shares of Piper Sandler Companies by 194.7% in 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 period. nVerses Capital LLC boosted its holdings 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 acquiring an additional 100 shares during the last quarter. USA Financial Formulas acquired a new stake in Piper Sandler Companies in the third quarter worth about $77,000. CWM LLC raised its holdings in Piper Sandler Companies by 22.5% during 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 last quarter. Finally, KBC Group NV lifted its position in Piper Sandler Companies by 20.9% during the 3rd quarter. KBC Group NV now owns 550 shares of the financial services provider's stock valued at $156,000 after purchasing an additional 95 shares during the period. Institutional investors own 72.79% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on PIPR shares. JMP Securities reissued a "market perform" rating on shares of Piper Sandler Companies in a research note 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 Stock Performance

PIPR stock traded down $16.06 during midday trading on Wednesday, hitting $296.13. 142,800 shares of the company's stock were exchanged, compared to its average volume of 106,747. Piper Sandler Companies has a one year low of $162.50 and a one year high of $351.80. The company has a market cap of $5.27 billion, a PE ratio of 31.64 and a beta of 1.43. The stock's fifty day moving average price is $332.07 and its 200-day moving average price is $305.73.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last issued its quarterly earnings data on Friday, October 25th. The financial services provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.04. The business had revenue of $359.57 million during the quarter, compared to analyst estimates of $365.07 million. Piper Sandler Companies had a return on equity of 16.06% and a net margin of 10.84%. On average, analysts expect that Piper Sandler Companies will post 11.49 EPS for the current year.

Piper Sandler Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 22nd were given a dividend of $0.65 per share. The ex-dividend date was Friday, November 22nd. This represents a $2.60 annualized dividend and a dividend yield of 0.88%. Piper Sandler Companies's dividend payout ratio is currently 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.