Loomis Sayles & Co. L P Boosts Holdings in Piper Sandler Companies (NYSE:PIPR)

Loomis Sayles & Co. L P raised its stake in shares of Piper Sandler Companies (NYSE:PIPR) by 6.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 193,983 shares of the financial services provider’s stock after buying an additional 11,607 shares during the period. Loomis Sayles & Co. L P owned about 1.09% of Piper Sandler Companies worth $55,055,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Versor Investments LP purchased a new stake in Piper Sandler Companies during the third quarter worth $880,000. Victory Capital Management Inc. raised its position in shares of Piper Sandler Companies by 20.6% in the third quarter. Victory Capital Management Inc. now owns 15,889 shares of the financial services provider’s stock worth $4,509,000 after acquiring an additional 2,713 shares during the period. Creative Planning boosted its stake in shares of Piper Sandler Companies by 34.8% during the 3rd quarter. Creative Planning now owns 9,287 shares of the financial services provider’s stock worth $2,636,000 after acquiring an additional 2,399 shares in the last quarter. Moody Aldrich Partners LLC grew its position in shares of Piper Sandler Companies by 14.8% during the 3rd quarter. Moody Aldrich Partners LLC now owns 24,202 shares of the financial services provider’s stock valued at $6,869,000 after acquiring an additional 3,124 shares during the period. Finally, Natixis Advisors LLC increased its stake in shares of Piper Sandler Companies by 8.1% in the 3rd quarter. Natixis Advisors LLC now owns 19,838 shares of the financial services provider’s stock valued at $5,630,000 after purchasing an additional 1,487 shares in the last quarter. Institutional investors and hedge funds own 72.79% of the company’s stock.

Piper Sandler Companies Trading Up 2.4 %

NYSE:PIPR opened at $348.81 on Tuesday. Piper Sandler Companies has a twelve month low of $151.03 and a twelve month high of $351.80. The company has a market cap of $6.20 billion, a P/E ratio of 37.27 and a beta of 1.39. The company’s 50-day moving average price is $315.85 and its 200-day moving average price is $291.32.

Piper Sandler Companies (NYSE:PIPR) last issued its earnings results on Friday, October 25th. The financial services provider reported $2.57 earnings per share 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 analysts’ expectations of $365.07 million. On average, analysts expect that Piper Sandler Companies will post 11.49 earnings per share for the current year.

Piper Sandler Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.65 per share. The ex-dividend date is Friday, November 22nd. This represents a $2.60 annualized dividend and a dividend yield of 0.75%. Piper Sandler Companies’s dividend payout ratio is presently 27.78%.

Wall Street Analyst Weigh In

Several brokerages have commented on PIPR. JMP Securities reissued a “market perform” rating on shares of Piper Sandler Companies in a report on Tuesday, September 17th. StockNews.com cut Piper Sandler Companies from a “buy” rating to a “hold” rating in a research report on Monday, October 28th.

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.