BNP Paribas Financial Markets Boosts Position in Piper Sandler Companies (NYSE:PIPR)

BNP Paribas Financial Markets increased its holdings in Piper Sandler Companies (NYSE:PIPR) by 22.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,213 shares of the financial services provider’s stock after acquiring an additional 1,681 shares during the quarter. BNP Paribas Financial Markets’ holdings in Piper Sandler Companies were worth $2,615,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in PIPR. Cerity Partners LLC raised 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 worth $4,558,000 after acquiring an additional 2,819 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Piper Sandler Companies by 1.3% in the third 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 in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Piper Sandler Companies during the third quarter valued at $624,000. Citigroup Inc. lifted its position in Piper Sandler Companies by 63.4% during the third quarter. Citigroup Inc. now owns 21,496 shares of the financial services provider’s stock valued at $6,101,000 after buying an additional 8,337 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of Piper Sandler Companies by 20.6% during the 3rd quarter. Victory Capital Management Inc. now owns 15,889 shares of the financial services provider’s stock valued at $4,509,000 after buying an additional 2,713 shares in the last quarter. Institutional investors own 72.79% of the company’s stock.

Piper Sandler Companies Price Performance

Shares of NYSE:PIPR opened at $333.15 on Friday. The business has a fifty day moving average price of $334.31 and a 200-day moving average price of $299.79. The company has a market capitalization of $5.92 billion, a PE ratio of 35.59 and a beta of 1.43. Piper Sandler Companies has a 1-year low of $155.75 and a 1-year high of $351.80.

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

Piper Sandler Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 22nd will be given 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 0.78%. Piper Sandler Companies’s dividend payout ratio (DPR) is presently 27.78%.

Analyst Upgrades and Downgrades

PIPR has been the subject of a number of recent research reports. JMP Securities reissued a “market perform” rating on shares of Piper Sandler Companies in a research report on Tuesday, September 17th. StockNews.com lowered shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a 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.