Piper Sandler Companies (NYSE:PIPR) Shares Bought by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lifted its holdings in Piper Sandler Companies (NYSE:PIPR) by 6.4% in the third quarter, HoldingsChannel reports. The firm owned 193,983 shares of the financial services provider’s stock after buying an additional 11,607 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Piper Sandler Companies were worth $55,055,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new stake in Piper Sandler Companies in the third quarter valued at approximately $624,000. Fisher Asset Management LLC grew its holdings in Piper Sandler Companies by 9.0% during the 3rd quarter. Fisher Asset Management LLC now owns 145,321 shares of the financial services provider’s stock worth $41,244,000 after acquiring an additional 11,964 shares in the last quarter. Cerity Partners LLC increased its position in shares of 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 valued at $4,558,000 after purchasing an additional 2,819 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Piper Sandler Companies by 63.4% in the 3rd 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position 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 purchasing an additional 2,689 shares during the last quarter. Institutional investors and hedge funds own 72.79% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Piper Sandler Companies Stock Performance

NYSE PIPR opened at $348.81 on Tuesday. The firm’s fifty day moving average is $315.85 and its two-hundred day moving average is $291.32. Piper Sandler Companies has a one year low of $151.03 and a one year high of $351.80. The firm has a market cap of $6.20 billion, a PE ratio of 37.27 and a beta of 1.39.

Piper Sandler Companies (NYSE:PIPR) last issued its quarterly earnings results 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 return on equity of 16.06% and a net margin of 10.84%. The firm had revenue of $359.57 million for the quarter, compared to analysts’ expectations of $365.07 million. Research analysts predict that Piper Sandler Companies will post 11.49 earnings per share for the current year.

Piper Sandler Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 22nd will be paid a $0.65 dividend. 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 is currently 27.78%.

Piper Sandler Companies Company 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.