Quantinno Capital Management LP Purchases 142 Shares of Piper Sandler Companies (NYSE:PIPR)

Quantinno Capital Management LP raised its holdings in shares of Piper Sandler Companies (NYSE:PIPR) by 5.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,642 shares of the financial services provider’s stock after acquiring an additional 142 shares during the quarter. Quantinno Capital Management LP’s holdings in Piper Sandler Companies were worth $750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Philadelphia Financial Management of San Francisco LLC purchased a new position in shares of Piper Sandler Companies in the third quarter valued at about $6,106,000. Jacobs Levy Equity Management Inc. purchased a new position in Piper Sandler Companies during the 3rd quarter valued at approximately $729,000. Fred Alger Management LLC purchased a new position in Piper Sandler Companies during the 3rd quarter valued at approximately $14,645,000. Verition Fund Management LLC bought a new stake in Piper Sandler Companies in the third quarter worth $1,647,000. Finally, Walleye Capital LLC increased its stake in Piper Sandler Companies by 43.7% during the third quarter. Walleye Capital LLC now owns 2,394 shares of the financial services provider’s stock worth $679,000 after acquiring an additional 728 shares during the last quarter. 72.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. StockNews.com cut shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. JMP Securities reaffirmed a “market perform” rating on shares of Piper Sandler Companies in a research report on Tuesday, September 17th.

Piper Sandler Companies Trading Down 0.5 %

Shares of NYSE PIPR opened at $318.96 on Friday. Piper Sandler Companies has a 12-month low of $162.50 and a 12-month high of $351.80. The stock’s fifty day simple moving average is $335.19 and its two-hundred day simple moving average is $303.62. The stock has a market capitalization of $5.67 billion, a PE ratio of 34.08 and a beta of 1.43.

Piper Sandler Companies (NYSE:PIPR) last released its quarterly earnings results on Friday, October 25th. The financial services provider reported $2.57 EPS 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 analyst estimates of $365.07 million. On average, equities 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 declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 22nd were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date was Friday, November 22nd. Piper Sandler Companies’s dividend payout ratio (DPR) 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.