Piper Sandler Companies (NYSE:PIPR) Shares Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC grew its holdings in shares of Piper Sandler Companies (NYSE:PIPR) by 9.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 145,321 shares of the financial services provider’s stock after purchasing an additional 11,964 shares during the period. Fisher Asset Management LLC’s holdings in Piper Sandler Companies were worth $41,244,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PIPR. Cerity Partners LLC raised its stake in Piper Sandler Companies by 21.3% during the third quarter. Cerity Partners LLC now owns 16,060 shares of the financial services provider’s stock worth $4,558,000 after acquiring an additional 2,819 shares during the period. Citigroup Inc. raised its position in shares of Piper Sandler Companies by 63.4% during the 3rd quarter. Citigroup Inc. now owns 21,496 shares of the financial services provider’s stock worth $6,101,000 after purchasing an additional 8,337 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Piper Sandler Companies by 1.3% in 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. Intech Investment Management LLC boosted its position in Piper Sandler Companies by 29.5% during the 3rd quarter. Intech Investment Management LLC now owns 6,956 shares of the financial services provider’s stock valued at $1,974,000 after purchasing an additional 1,584 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in Piper Sandler Companies by 6.5% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 60,514 shares of the financial services provider’s stock worth $17,175,000 after buying an additional 3,677 shares during the last quarter. 72.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on PIPR shares. JMP Securities reiterated a “market perform” rating on shares of Piper Sandler Companies in a research note on Tuesday, September 17th. StockNews.com lowered shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a research note on Monday, October 28th.

Piper Sandler Companies Price Performance

PIPR opened at $343.04 on Wednesday. The stock’s 50 day moving average price is $317.71 and its 200 day moving average price is $292.04. The stock has a market cap of $6.10 billion, a P/E ratio of 36.65 and a beta of 1.39. Piper Sandler Companies has a 12 month low of $151.03 and a 12 month high of $351.80.

Piper Sandler Companies (NYSE:PIPR) last issued its quarterly earnings results on Friday, October 25th. The financial services provider reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $0.04. The company had revenue of $359.57 million for the quarter, compared to analyst estimates of $365.07 million. Piper Sandler Companies had a return on equity of 16.06% and a net margin of 10.84%. Equities analysts anticipate that Piper Sandler Companies will post 11.49 EPS for the current year.

Piper Sandler Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 22nd will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Friday, November 22nd. Piper Sandler Companies’s dividend payout ratio 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.