Atria Investments Inc Sells 241 Shares of Piper Sandler Companies (NYSE:PIPR)

Atria Investments Inc trimmed its holdings in shares of Piper Sandler Companies (NYSE:PIPR) by 10.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,095 shares of the financial services provider’s stock after selling 241 shares during the quarter. Atria Investments Inc’s holdings in Piper Sandler Companies were worth $595,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in PIPR. Mesirow Institutional Investment Management Inc. bought a new stake in Piper Sandler Companies during the second quarter valued at approximately $10,139,000. Millennium Management LLC lifted its stake in shares of Piper Sandler Companies by 66.0% during the 2nd quarter. Millennium Management LLC now owns 77,804 shares of the financial services provider’s stock valued at $17,908,000 after buying an additional 30,942 shares in the last quarter. Nicholas Investment Partners LP bought a new position in Piper Sandler Companies in the 2nd quarter worth $5,950,000. Sei Investments Co. increased its stake in Piper Sandler Companies by 101.2% in the 2nd quarter. Sei Investments Co. now owns 44,675 shares of the financial services provider’s stock worth $10,282,000 after buying an additional 22,471 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Piper Sandler Companies by 1.1% during the first quarter. Vanguard Group Inc. now owns 1,971,201 shares of the financial services provider’s stock valued at $391,264,000 after acquiring an additional 20,891 shares during the period. 72.79% of the stock is currently owned by institutional investors.

Piper Sandler Companies Price Performance

Shares of PIPR opened at $335.39 on Wednesday. Piper Sandler Companies has a 1 year low of $151.03 and a 1 year high of $347.15. The company has a 50 day simple moving average of $309.59 and a two-hundred day simple moving average of $286.50. The firm has a market cap of $5.96 billion, a P/E ratio of 35.83 and a beta of 1.39.

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

Piper Sandler Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.78%. Piper Sandler Companies’s dividend payout ratio is currently 27.78%.

Wall Street Analysts Forecast Growth

PIPR has been the subject of a number of recent analyst reports. StockNews.com lowered Piper Sandler Companies from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. JMP Securities reaffirmed a “market perform” rating on shares of Piper Sandler Companies in a report 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.