Piper Sandler Companies (NYSE:PIPR) Stock Position Increased by Barclays PLC

Barclays PLC boosted its position in shares of Piper Sandler Companies (NYSE:PIPR) by 307.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 32,328 shares of the financial services provider’s stock after buying an additional 24,388 shares during the period. Barclays PLC’s holdings in Piper Sandler Companies were worth $9,174,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Bank of Montreal Can boosted its holdings in Piper Sandler Companies by 2.1% during the second quarter. Bank of Montreal Can now owns 2,262 shares of the financial services provider’s stock worth $524,000 after buying an additional 46 shares in the last quarter. Xponance Inc. lifted its position in shares of Piper Sandler Companies by 4.6% during the 2nd quarter. Xponance Inc. now owns 1,101 shares of the financial services provider’s stock valued at $253,000 after acquiring an additional 48 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Piper Sandler Companies by 2.4% during the 2nd 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. grew its holdings in shares of 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 worth $1,422,000 after acquiring an additional 56 shares during the last quarter. Finally, CWM LLC raised its position in shares of Piper Sandler Companies by 22.5% during the third quarter. CWM LLC now owns 310 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 57 shares during the period. Institutional investors own 72.79% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Piper Sandler Companies Price Performance

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 company has a fifty day moving average price of $333.27 and a 200 day moving average price of $305.14. The stock has a market cap of $5.55 billion, a P/E ratio of 33.35 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 analysts’ consensus estimates of $2.53 by $0.04. The business 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%. As a group, equities research analysts anticipate that Piper Sandler Companies will post 11.49 EPS for the current year.

Piper Sandler Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 22nd were paid a dividend of $0.65 per share. The ex-dividend date was Friday, November 22nd. This represents a $2.60 annualized dividend and a dividend yield of 0.83%. Piper Sandler Companies’s dividend payout ratio (DPR) is currently 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.