Piper Sandler Companies (NYSE:PIPR) Stake Lifted by Barclays PLC

Barclays PLC lifted its stake in shares of Piper Sandler Companies (NYSE:PIPR) by 307.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,328 shares of the financial services provider’s stock after acquiring an additional 24,388 shares during the quarter. Barclays PLC owned about 0.18% of Piper Sandler Companies worth $9,174,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can increased its position in shares of Piper Sandler Companies by 2.1% during the 2nd quarter. Bank of Montreal Can now owns 2,262 shares of the financial services provider’s stock valued at $524,000 after purchasing an additional 46 shares during the period. Xponance Inc. grew its holdings in Piper Sandler Companies by 4.6% during the second quarter. Xponance Inc. now owns 1,101 shares of the financial services provider’s stock worth $253,000 after acquiring an additional 48 shares during the period. Commonwealth Equity Services LLC raised its position in Piper Sandler Companies by 2.4% in the second quarter. Commonwealth Equity Services LLC now owns 2,340 shares of the financial services provider’s stock worth $539,000 after acquiring an additional 54 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Piper Sandler Companies by 1.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 5,010 shares of the financial services provider’s stock valued at $1,422,000 after acquiring an additional 56 shares during the last quarter. Finally, CWM LLC boosted its position in shares of Piper Sandler Companies by 22.5% during the 3rd quarter. CWM LLC now owns 310 shares of the financial services provider’s stock valued at $88,000 after purchasing an additional 57 shares in the last quarter. Institutional investors own 72.79% of the company’s stock.

Analyst Upgrades and Downgrades

PIPR has been the topic of a number of research reports. 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 reiterated a “market perform” rating on shares of Piper Sandler Companies in a research report on Tuesday, September 17th.

Piper Sandler Companies Price Performance

Shares of NYSE PIPR opened at $312.19 on Wednesday. Piper Sandler Companies has a one year low of $162.50 and a one year high of $351.80. The business’s 50-day moving average price is $333.27 and its two-hundred day moving average price is $305.14. The company has a market capitalization of $5.55 billion, a P/E ratio of 33.35 and a beta of 1.43.

Piper Sandler Companies (NYSE:PIPR) last released 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. 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 anticipate that Piper Sandler Companies will post 11.49 EPS for the current year.

Piper Sandler Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 22nd were paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Friday, November 22nd. Piper Sandler Companies’s 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.