Swiss National Bank Has $9.82 Million Stock Position in Piper Sandler Companies (NYSE:PIPR)

Swiss National Bank cut its holdings in Piper Sandler Companies (NYSE:PIPR) by 0.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,600 shares of the financial services provider’s stock after selling 200 shares during the quarter. Swiss National Bank owned 0.20% of Piper Sandler Companies worth $9,820,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Mesirow Institutional Investment Management Inc. acquired a new position in shares of Piper Sandler Companies during the 2nd quarter valued at $10,139,000. Millennium Management LLC boosted its position 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 worth $17,908,000 after purchasing an additional 30,942 shares in the last quarter. Nicholas Investment Partners LP acquired a new stake in shares of Piper Sandler Companies in the 2nd quarter valued at about $5,950,000. Sei Investments Co. increased its position 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 valued at $10,282,000 after buying an additional 22,471 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake 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 during the period. 72.79% of the stock is currently owned by institutional investors.

Piper Sandler Companies Stock Performance

Shares of NYSE PIPR opened at $340.71 on Monday. The company has a market cap of $6.06 billion, a PE ratio of 36.40 and a beta of 1.39. Piper Sandler Companies has a fifty-two week low of $151.03 and a fifty-two week high of $347.15. The company has a 50-day simple moving average of $313.83.

Piper Sandler Companies (NYSE:PIPR) last posted its earnings results 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. 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 for the quarter, compared to analyst estimates of $365.07 million. As a group, equities analysts predict that Piper Sandler Companies will post 11.49 EPS for the current fiscal year.

Piper Sandler Companies Dividend Announcement

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 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 0.76%. Piper Sandler Companies’s payout ratio is 27.78%.

Analyst Upgrades and Downgrades

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