Versor Investments LP Purchases Shares of 3,100 Piper Sandler Companies (NYSE:PIPR)

Versor Investments LP bought a new position in Piper Sandler Companies (NYSE:PIPR - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,100 shares of the financial services provider's stock, valued at approximately $880,000.

Other institutional investors have also recently modified their holdings of the company. Texas Permanent School Fund Corp raised its holdings in Piper Sandler Companies by 2.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 13,303 shares of the financial services provider's stock worth $2,641,000 after acquiring an additional 307 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Piper Sandler Companies during the first quarter valued at $238,000. Sei Investments Co. boosted its position in shares of Piper Sandler Companies by 68.1% during the first quarter. Sei Investments Co. now owns 22,204 shares of the financial services provider's stock valued at $4,408,000 after buying an additional 8,994 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Piper Sandler Companies by 1,473.3% during the first quarter. Russell Investments Group Ltd. now owns 1,416 shares of the financial services provider's stock valued at $281,000 after buying an additional 1,326 shares during the last quarter. Finally, ProShare Advisors LLC raised its position in Piper Sandler Companies by 7.6% in the 1st quarter. ProShare Advisors LLC now owns 3,451 shares of the financial services provider's stock worth $685,000 after buying an additional 245 shares during the last quarter. 72.79% of the stock is owned by hedge funds and other institutional investors.

Piper Sandler Companies Trading Down 0.9 %

PIPR stock traded down $3.17 during trading on Wednesday, reaching $334.26. The stock had a trading volume of 89,300 shares, compared to its average volume of 108,909. The firm has a market cap of $5.94 billion, a PE ratio of 35.71 and a beta of 1.39. The stock's 50 day moving average is $302.82 and its two-hundred day moving average is $281.78. Piper Sandler Companies has a 52 week low of $147.03 and a 52 week high of $347.15.

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 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, research analysts anticipate that Piper Sandler Companies will post 11.49 EPS for the current 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 paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Friday, November 22nd. Piper Sandler Companies's dividend payout ratio is presently 27.78%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports 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 shares of Piper Sandler Companies from a "buy" rating to a "hold" rating in a report on Monday, October 28th.

Insider Activity

In other Piper Sandler Companies news, Director Philip Soran sold 1,792 shares of the company's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $263.92, for a total value of $472,944.64. Following the completion of the sale, the director now owns 18,341 shares in the company, valued at $4,840,556.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 3.00% of the company's stock.

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.