Piper Sandler Companies (NYSE:PIPR) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its holdings in Piper Sandler Companies (NYSE:PIPR) by 3.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,708 shares of the financial services provider’s stock after selling 480 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Piper Sandler Companies were worth $3,607,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PIPR. Russell Investments Group Ltd. grew its stake in shares of Piper Sandler Companies by 1,473.3% during the 1st quarter. Russell Investments Group Ltd. now owns 1,416 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 1,326 shares during the period. Vanguard Group Inc. boosted its holdings in Piper Sandler Companies by 1.1% during the first quarter. Vanguard Group Inc. now owns 1,971,201 shares of the financial services provider’s stock worth $391,264,000 after buying an additional 20,891 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in Piper Sandler Companies by 6.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 14,117 shares of the financial services provider’s stock worth $2,798,000 after buying an additional 860 shares during the period. Price T Rowe Associates Inc. MD grew its position in Piper Sandler Companies by 6.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,751 shares of the financial services provider’s stock worth $2,135,000 after buying an additional 638 shares during the period. Finally, Mount Yale Investment Advisors LLC increased its holdings in Piper Sandler Companies by 8.2% in the first quarter. Mount Yale Investment Advisors LLC now owns 1,720 shares of the financial services provider’s stock valued at $341,000 after buying an additional 130 shares in the last quarter. Institutional investors and hedge funds own 72.79% of the company’s stock.

Analyst Ratings Changes

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

Piper Sandler Companies Trading Up 2.4 %

Shares of NYSE PIPR opened at $348.81 on Tuesday. The stock has a market cap of $6.20 billion, a price-to-earnings 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 has a 52 week low of $151.03 and a 52 week high of $351.80.

Piper Sandler Companies (NYSE:PIPR) last released its quarterly earnings results on Friday, October 25th. The financial services provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.53 by $0.04. Piper Sandler Companies had a net margin of 10.84% and a return on equity of 16.06%. The business had revenue of $359.57 million for the quarter, compared to analyst estimates of $365.07 million. As a group, research 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. Shareholders of record on Friday, November 22nd will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Friday, November 22nd. Piper Sandler Companies’s payout ratio is 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.