UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $9.94 Million Stock Holdings in Piper Sandler Companies (NYSE:PIPR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in Piper Sandler Companies (NYSE:PIPR - Free Report) by 10.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 35,005 shares of the financial services provider's stock after selling 4,212 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.20% of Piper Sandler Companies worth $9,935,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in PIPR. Cerity Partners LLC lifted its stake in Piper Sandler Companies by 21.3% in the 3rd quarter. Cerity Partners LLC now owns 16,060 shares of the financial services provider's stock valued at $4,558,000 after acquiring an additional 2,819 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Piper Sandler Companies by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 205,226 shares of the financial services provider's stock worth $58,245,000 after acquiring an additional 2,689 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Piper Sandler Companies during the 3rd quarter worth approximately $624,000. Citigroup Inc. grew its stake in shares of Piper Sandler Companies by 63.4% during the 3rd quarter. Citigroup Inc. now owns 21,496 shares of the financial services provider's stock worth $6,101,000 after acquiring an additional 8,337 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Piper Sandler Companies by 20.6% during the 3rd quarter. Victory Capital Management Inc. now owns 15,889 shares of the financial services provider's stock worth $4,509,000 after acquiring an additional 2,713 shares in the last quarter. Institutional investors and hedge funds own 72.79% of the company's stock.

Wall Street Analyst Weigh In

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

Piper Sandler Companies Stock Down 2.2 %

Shares of NYSE:PIPR traded down $7.47 during midday trading on Monday, hitting $325.68. The stock had a trading volume of 84,800 shares, compared to its average volume of 106,822. Piper Sandler Companies has a 12 month low of $162.20 and a 12 month high of $351.80. The business's 50-day simple moving average is $336.01 and its 200-day simple moving average is $300.99. The company has a market cap of $5.79 billion, a P/E ratio of 34.79 and a beta of 1.43.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last released its earnings results on Friday, October 25th. The financial services provider reported $2.57 earnings per share 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 analysts' expectations of $365.07 million. As a group, equities analysts predict that Piper Sandler Companies will post 11.49 earnings per share for the current year.

Piper Sandler Companies Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.60 annualized dividend and a dividend yield of 0.80%. Piper Sandler Companies's dividend payout ratio 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.