Quantinno Capital Management LP Raises Position in Piper Sandler Companies (NYSE:PIPR)

Quantinno Capital Management LP lifted its holdings in shares of Piper Sandler Companies (NYSE:PIPR) by 5.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,642 shares of the financial services provider’s stock after acquiring an additional 142 shares during the period. Quantinno Capital Management LP’s holdings in Piper Sandler Companies were worth $750,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Cerity Partners LLC boosted 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 worth $4,558,000 after buying an additional 2,819 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings 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 during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Piper Sandler Companies in the third quarter worth approximately $624,000. Citigroup Inc. grew its holdings in Piper Sandler Companies by 63.4% in the third quarter. Citigroup Inc. now owns 21,496 shares of the financial services provider’s stock valued at $6,101,000 after purchasing an additional 8,337 shares during the period. Finally, BNP Paribas Financial Markets increased its position in Piper Sandler Companies by 22.3% during the third quarter. BNP Paribas Financial Markets now owns 9,213 shares of the financial services provider’s stock worth $2,615,000 after purchasing an additional 1,681 shares during the last quarter. Hedge funds and other institutional investors own 72.79% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. JMP Securities reissued a “market perform” rating on shares of Piper Sandler Companies in a research note on Tuesday, September 17th. StockNews.com downgraded Piper Sandler Companies from a “buy” rating to a “hold” rating in a research report on Monday, October 28th.

Piper Sandler Companies Stock Down 0.5 %

Shares of PIPR stock opened at $318.96 on Friday. Piper Sandler Companies has a fifty-two week low of $162.50 and a fifty-two week high of $351.80. The firm’s 50 day moving average price is $335.19 and its two-hundred day moving average price is $303.62. The stock has a market cap of $5.67 billion, a price-to-earnings ratio of 34.08 and a beta of 1.43.

Piper Sandler Companies (NYSE:PIPR) last posted 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 for the quarter, compared to analyst estimates of $365.07 million. On average, equities analysts forecast that Piper Sandler Companies will post 11.49 EPS for the current fiscal year.

Piper Sandler Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 22nd were given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Friday, November 22nd. Piper Sandler Companies’s payout ratio is 27.78%.

Piper Sandler Companies 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.