Orion Portfolio Solutions LLC Reduces Position in Piper Sandler Companies (NYSE:PIPR)

Orion Portfolio Solutions LLC decreased its holdings in Piper Sandler Companies (NYSE:PIPR) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,461 shares of the financial services provider’s stock after selling 310 shares during the quarter. Orion Portfolio Solutions LLC owned approximately 0.10% of Piper Sandler Companies worth $4,955,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Park Avenue Securities LLC boosted its stake in Piper Sandler Companies by 6.3% during the 2nd quarter. Park Avenue Securities LLC now owns 2,735 shares of the financial services provider’s stock valued at $629,000 after acquiring an additional 161 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Piper Sandler Companies by 1,576.2% during the second quarter. SG Americas Securities LLC now owns 20,081 shares of the financial services provider’s stock worth $4,622,000 after purchasing an additional 18,883 shares during the last quarter. FSC Wealth Advisors LLC lifted its position in shares of Piper Sandler Companies by 39.0% during the second quarter. FSC Wealth Advisors LLC now owns 346 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 97 shares during the last quarter. Blue Trust Inc. grew its stake in Piper Sandler Companies by 194.7% in the second quarter. Blue Trust Inc. now owns 112 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 74 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in Piper Sandler Companies by 4.0% in the second quarter. Louisiana State Employees Retirement System now owns 7,800 shares of the financial services provider’s stock valued at $1,795,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 72.79% of the company’s stock.

Piper Sandler Companies Trading Up 0.4 %

PIPR opened at $333.15 on Monday. The stock’s 50-day simple moving average is $334.31. Piper Sandler Companies has a fifty-two week low of $155.75 and a fifty-two week high of $351.80. The firm has a market capitalization of $5.92 billion, a price-to-earnings ratio of 35.59 and a beta of 1.43.

Piper Sandler Companies (NYSE:PIPR) last announced its quarterly earnings results on Friday, October 25th. The financial services provider reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $359.57 million for the quarter, compared to analysts’ expectations of $365.07 million. Equities analysts anticipate 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 paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Friday, November 22nd. Piper Sandler Companies’s payout ratio is 27.78%.

Analyst Upgrades and Downgrades

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

About Piper Sandler Companies

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.