Natixis Advisors LLC Buys 1,487 Shares of Piper Sandler Companies (NYSE:PIPR)

Natixis Advisors LLC grew its stake in Piper Sandler Companies (NYSE:PIPR) by 8.1% in the third quarter, HoldingsChannel reports. The fund owned 19,838 shares of the financial services provider’s stock after acquiring an additional 1,487 shares during the period. Natixis Advisors LLC’s holdings in Piper Sandler Companies were worth $5,630,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings 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 purchasing an additional 20,891 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Piper Sandler Companies by 5.8% during the second quarter. Bank of New York Mellon Corp now owns 170,145 shares of the financial services provider’s stock worth $39,162,000 after buying an additional 9,380 shares during the last quarter. Millennium Management LLC lifted its holdings in Piper Sandler Companies by 66.0% in the second 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 during the period. Envestnet Asset Management Inc. boosted its stake in Piper Sandler Companies by 4.6% in the second quarter. Envestnet Asset Management Inc. now owns 57,090 shares of the financial services provider’s stock valued at $13,141,000 after acquiring an additional 2,510 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings 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 worth $13,082,000 after acquiring an additional 1,491 shares during the period. 72.79% of the stock is currently owned by institutional investors and hedge funds.

Piper Sandler Companies Stock Up 0.1 %

PIPR opened at $340.71 on Friday. The stock has a market cap of $6.06 billion, a P/E ratio of 36.40 and a beta of 1.39. Piper Sandler Companies has a 12 month low of $151.03 and a 12 month high of $347.15. The company has a fifty day simple moving average of $313.83 and a 200 day simple moving average of $289.87.

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 (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $359.57 million during the quarter, compared to the consensus estimate of $365.07 million. On average, equities research analysts expect that Piper Sandler Companies will post 11.49 earnings per share for the current fiscal year.

Piper Sandler Companies Dividend Announcement

The business also recently declared 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 0.76%. The ex-dividend date is Friday, November 22nd. Piper Sandler Companies’s payout ratio is currently 27.78%.

Wall Street Analyst Weigh In

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

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.