1,104 Shares in Piper Sandler Companies (NYSE:PIPR) Purchased by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC bought a new stake in Piper Sandler Companies (NYSE:PIPR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,104 shares of the financial services provider’s stock, valued at approximately $310,000.

A number of other large investors have also recently bought and sold shares of the company. Coldstream Capital Management Inc. raised its holdings in shares of Piper Sandler Companies by 2.3% in the third quarter. Coldstream Capital Management Inc. now owns 1,845 shares of the financial services provider’s stock valued at $524,000 after purchasing an additional 41 shares during the last quarter. Geode Capital Management LLC grew its position in Piper Sandler Companies by 2.0% in the third quarter. Geode Capital Management LLC now owns 377,586 shares of the financial services provider’s stock valued at $107,184,000 after purchasing an additional 7,344 shares in the last quarter. Vestcor Inc increased its stake in Piper Sandler Companies by 23.5% in the 3rd quarter. Vestcor Inc now owns 4,537 shares of the financial services provider’s stock valued at $1,288,000 after buying an additional 863 shares during the last quarter. Barclays PLC lifted its position in Piper Sandler Companies by 307.2% during the 3rd quarter. Barclays PLC now owns 32,328 shares of the financial services provider’s stock worth $9,174,000 after buying an additional 24,388 shares in the last quarter. Finally, MML Investors Services LLC boosted its stake in shares of Piper Sandler Companies by 4.3% during the 3rd quarter. MML Investors Services LLC now owns 1,790 shares of the financial services provider’s stock worth $508,000 after buying an additional 74 shares during the last quarter. Institutional investors and hedge funds own 72.79% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Piper Sandler Companies Price Performance

Shares of PIPR opened at $342.99 on Friday. The firm has a 50-day moving average of $324.46 and a 200-day moving average of $295.22. The company has a market cap of $6.10 billion, a PE ratio of 36.64 and a beta of 1.39. Piper Sandler Companies has a one year low of $152.59 and a one year high of $351.80.

Piper Sandler Companies (NYSE:PIPR) last posted its quarterly earnings results on Friday, October 25th. The financial services provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.04. The business had revenue of $359.57 million during the quarter, compared to analysts’ expectations of $365.07 million. Piper Sandler Companies had a return on equity of 16.06% and a net margin of 10.84%. Analysts expect that Piper Sandler Companies will post 11.49 earnings per share for the current year.

Piper Sandler Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 22nd will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Friday, November 22nd. Piper Sandler Companies’s payout ratio is presently 27.78%.

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.