Cerity Partners LLC Has $4.56 Million Stake in Piper Sandler Companies (NYSE:PIPR)

Cerity Partners LLC boosted its holdings in shares of Piper Sandler Companies (NYSE:PIPR) by 21.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,060 shares of the financial services provider’s stock after buying an additional 2,819 shares during the period. Cerity Partners LLC owned about 0.09% of Piper Sandler Companies worth $4,558,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PIPR. Blue Trust Inc. lifted its holdings in shares of Piper Sandler Companies by 194.7% during the 2nd quarter. Blue Trust Inc. now owns 112 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 74 shares during the period. nVerses Capital LLC raised its position in Piper Sandler Companies by 100.0% in the second quarter. nVerses Capital LLC now owns 200 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 100 shares in the last quarter. USA Financial Formulas acquired a new position in Piper Sandler Companies in the third quarter worth about $77,000. CWM LLC lifted its stake in Piper Sandler Companies by 22.5% during the third quarter. CWM LLC now owns 310 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 57 shares during the period. Finally, FSC Wealth Advisors LLC boosted its holdings in Piper Sandler Companies by 39.0% during the second quarter. FSC Wealth Advisors LLC now owns 346 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 97 shares in the last quarter. Institutional investors and hedge funds own 72.79% of the company’s stock.

Piper Sandler Companies Stock Down 0.4 %

NYSE:PIPR opened at $341.71 on Friday. The firm has a market cap of $6.08 billion, a PE ratio of 36.51 and a beta of 1.39. Piper Sandler Companies has a 12 month low of $151.96 and a 12 month high of $351.80. The company’s 50-day moving average price is $321.94 and its two-hundred day moving average price is $294.13.

Piper Sandler Companies (NYSE:PIPR) last announced its earnings results on Friday, October 25th. The financial services provider reported $2.57 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 business had revenue of $359.57 million for the quarter, compared to the consensus estimate of $365.07 million. On average, research analysts expect that Piper Sandler Companies will post 11.49 EPS for the current fiscal year.

Piper Sandler Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 22nd will be issued a $0.65 dividend. 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 0.76%. Piper Sandler Companies’s dividend payout ratio is 27.78%.

Analyst Upgrades and Downgrades

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

About Piper Sandler Companies

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.