Piper Sandler Companies (NYSE:PIPR) Stock Position Raised by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P increased its position in Piper Sandler Companies (NYSE:PIPR) by 6.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 193,983 shares of the financial services provider’s stock after purchasing an additional 11,607 shares during the period. Loomis Sayles & Co. L P owned about 1.09% of Piper Sandler Companies worth $55,055,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Versor Investments LP acquired a new stake in shares of Piper Sandler Companies in the third quarter worth $880,000. Victory Capital Management Inc. lifted its stake in Piper Sandler Companies by 20.6% in the 3rd quarter. Victory Capital Management Inc. now owns 15,889 shares of the financial services provider’s stock worth $4,509,000 after acquiring an additional 2,713 shares in the last quarter. Creative Planning boosted its position in Piper Sandler Companies by 34.8% during the 3rd quarter. Creative Planning now owns 9,287 shares of the financial services provider’s stock worth $2,636,000 after acquiring an additional 2,399 shares during the period. Moody Aldrich Partners LLC grew its stake in Piper Sandler Companies by 14.8% during the 3rd quarter. Moody Aldrich Partners LLC now owns 24,202 shares of the financial services provider’s stock valued at $6,869,000 after acquiring an additional 3,124 shares in the last quarter. Finally, Natixis Advisors LLC increased its holdings in shares of Piper Sandler Companies by 8.1% in the 3rd quarter. Natixis Advisors LLC now owns 19,838 shares of the financial services provider’s stock valued at $5,630,000 after purchasing an additional 1,487 shares during the period. 72.79% of the stock is owned by institutional investors and hedge funds.

Piper Sandler Companies Stock Performance

Shares of NYSE PIPR opened at $348.81 on Tuesday. The business has a 50 day simple moving average of $315.85 and a 200 day simple moving average of $291.32. Piper Sandler Companies has a 52 week low of $151.03 and a 52 week high of $351.80. The stock has a market cap of $6.20 billion, a price-to-earnings ratio of 37.27 and a beta of 1.39.

Piper Sandler Companies (NYSE:PIPR) last posted its earnings results on Friday, October 25th. The financial services provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.53 by $0.04. The company had revenue of $359.57 million during the quarter, compared to the consensus estimate of $365.07 million. Piper Sandler Companies had a net margin of 10.84% and a return on equity of 16.06%. On average, analysts predict 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 will be paid on Friday, December 13th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.60 annualized dividend and a yield of 0.75%. Piper Sandler Companies’s dividend payout ratio (DPR) is currently 27.78%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. StockNews.com downgraded 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 note on Tuesday, September 17th.

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.