Public Employees Retirement System of Ohio Decreases Stock Position in Piper Sandler Companies (NYSE:PIPR)

Public Employees Retirement System of Ohio lowered its stake in shares of Piper Sandler Companies (NYSE:PIPR) by 11.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 13,063 shares of the financial services provider’s stock after selling 1,672 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Piper Sandler Companies were worth $3,707,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the stock. Blue Trust Inc. boosted its holdings in Piper Sandler Companies by 194.7% in the second quarter. Blue Trust Inc. now owns 112 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 74 shares during the last quarter. nVerses Capital LLC lifted its holdings in shares of Piper Sandler Companies by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 200 shares of the financial services provider’s stock valued at $46,000 after buying an additional 100 shares during the period. USA Financial Formulas purchased a new position in shares of Piper Sandler Companies in the 3rd quarter worth $77,000. CWM LLC grew its holdings in shares of Piper Sandler Companies by 22.5% in the third quarter. CWM LLC now owns 310 shares of the financial services provider’s stock worth $88,000 after acquiring an additional 57 shares during the period. Finally, KBC Group NV increased its position in Piper Sandler Companies by 20.9% during the third quarter. KBC Group NV now owns 550 shares of the financial services provider’s stock valued at $156,000 after acquiring an additional 95 shares during the last quarter. 72.79% of the stock is currently owned by institutional investors.

Piper Sandler Companies Trading Down 0.5 %

Shares of Piper Sandler Companies stock opened at $318.96 on Monday. The business has a fifty day moving average of $335.19. Piper Sandler Companies has a one year low of $162.50 and a one year high of $351.80. The company has a market cap of $5.67 billion, a PE ratio of 34.08 and a beta of 1.43.

Piper Sandler Companies (NYSE:PIPR) last posted its quarterly earnings data 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. The firm had revenue of $359.57 million for the quarter, compared to the consensus estimate of $365.07 million. Piper Sandler Companies had a return on equity of 16.06% and a net margin of 10.84%. As a group, equities research analysts anticipate that Piper Sandler Companies will post 11.49 EPS for the current fiscal year.

Piper Sandler Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 22nd were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Friday, November 22nd. Piper Sandler Companies’s dividend payout ratio is currently 27.78%.

Wall Street Analysts Forecast Growth

PIPR has been the topic of several research reports. StockNews.com cut 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.

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.