Piper Sandler Companies (NYSE:PIPR) Shares Bought by MML Investors Services LLC

MML Investors Services LLC increased its holdings in Piper Sandler Companies (NYSE:PIPR) by 4.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,790 shares of the financial services provider’s stock after buying an additional 74 shares during the period. MML Investors Services LLC’s holdings in Piper Sandler Companies were worth $508,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of PIPR. Blue Trust Inc. raised its position 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 purchasing an additional 74 shares during the period. New York State Teachers Retirement System increased its position in Piper Sandler Companies by 1.9% in the second quarter. New York State Teachers Retirement System now owns 32,149 shares of the financial services provider’s stock worth $7,400,000 after buying an additional 610 shares during the period. Bank of New York Mellon Corp lifted its stake in Piper Sandler Companies by 5.8% in the second quarter. Bank of New York Mellon Corp now owns 170,145 shares of the financial services provider’s stock valued at $39,162,000 after buying an additional 9,380 shares during the last quarter. Legato Capital Management LLC bought a new stake in Piper Sandler Companies in the second quarter valued at $757,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Piper Sandler Companies by 2.7% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 56,837 shares of the financial services provider’s stock valued at $13,082,000 after acquiring an additional 1,491 shares during the period. Institutional investors own 72.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. StockNews.com raised shares of Piper Sandler Companies from a “hold” rating to a “buy” rating in a report on Friday. JMP Securities restated a “market perform” rating on shares of Piper Sandler Companies in a research note on Tuesday, September 17th.

Piper Sandler Companies Stock Up 1.7 %

Shares of PIPR stock opened at $297.75 on Monday. Piper Sandler Companies has a 1 year low of $162.50 and a 1 year high of $351.80. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 31.81 and a beta of 1.43. The stock’s fifty day simple moving average is $329.12.

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

Piper Sandler Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 22nd were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.87%. The ex-dividend date was Friday, November 22nd. Piper Sandler Companies’s dividend payout ratio (DPR) is presently 27.78%.

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.