KBC Group NV Has $156,000 Stock Position in Piper Sandler Companies (NYSE:PIPR)

KBC Group NV increased its stake in shares of Piper Sandler Companies (NYSE:PIPR) by 20.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 550 shares of the financial services provider’s stock after buying an additional 95 shares during the period. KBC Group NV’s holdings in Piper Sandler Companies were worth $156,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Piper Sandler Companies by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 1,971,201 shares of the financial services provider’s stock worth $391,264,000 after buying an additional 20,891 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Piper Sandler Companies by 5.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 170,145 shares of the financial services provider’s stock valued at $39,162,000 after purchasing an additional 9,380 shares during the period. Millennium Management LLC lifted its position in 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 purchasing an additional 30,942 shares during the period. Envestnet Asset Management Inc. lifted its position in Piper Sandler Companies by 4.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 57,090 shares of the financial services provider’s stock valued at $13,141,000 after purchasing an additional 2,510 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Piper Sandler Companies by 2.7% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 56,837 shares of the financial services provider’s stock valued at $13,082,000 after purchasing an additional 1,491 shares during the period. Institutional investors and hedge funds own 72.79% of the company’s stock.

Piper Sandler Companies Price Performance

PIPR opened at $334.13 on Thursday. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of 35.70 and a beta of 1.39. The business’s 50-day moving average price is $310.87 and its two-hundred day moving average price is $287.61. Piper Sandler Companies has a 1 year low of $151.03 and a 1 year high of $347.15.

Piper Sandler Companies (NYSE:PIPR) last released 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 firm had revenue of $359.57 million during the quarter, compared to the consensus estimate of $365.07 million. Sell-side analysts anticipate that Piper Sandler Companies will post 11.49 earnings per share for the current fiscal year.

Piper Sandler Companies Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. JMP Securities restated a “market perform” rating on shares of Piper Sandler Companies in a report on Tuesday, September 17th. StockNews.com cut shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a research report on Monday, October 28th.

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.