Mutual of America Capital Management LLC Sells 175 Shares of Piper Sandler Companies (NYSE:PIPR)

Mutual of America Capital Management LLC lowered its holdings in Piper Sandler Companies (NYSE:PIPR) by 6.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,382 shares of the financial services provider’s stock after selling 175 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Piper Sandler Companies were worth $676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Natixis Advisors LLC raised its position in shares of Piper Sandler Companies by 8.1% during 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 during the period. OneDigital Investment Advisors LLC boosted its stake in shares of Piper Sandler Companies by 2.7% during the third quarter. OneDigital Investment Advisors LLC now owns 2,176 shares of the financial services provider’s stock valued at $618,000 after purchasing an additional 58 shares during the period. KBC Group NV boosted its holdings in shares of Piper Sandler Companies by 20.9% in the third quarter. KBC Group NV now owns 550 shares of the financial services provider’s stock valued at $156,000 after purchasing an additional 95 shares during the period. Victory Capital Management Inc. lifted its stake in 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. Finally, Versor Investments LP purchased a new stake in Piper Sandler Companies during the third quarter worth $880,000. Institutional investors own 72.79% of the company’s stock.

Wall Street Analyst Weigh In

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

Piper Sandler Companies Trading Down 1.7 %

Shares of NYSE PIPR opened at $343.04 on Wednesday. The stock has a fifty day simple moving average of $317.71 and a 200-day simple moving average of $292.04. Piper Sandler Companies has a twelve month low of $151.03 and a twelve month high of $351.80. The stock has a market capitalization of $6.10 billion, a PE ratio of 36.65 and a beta of 1.39.

Piper Sandler Companies (NYSE:PIPR) last announced its quarterly earnings results on Friday, October 25th. The financial services provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $359.57 million during the quarter, compared to the consensus estimate of $365.07 million. On average, equities analysts predict that Piper Sandler Companies will post 11.49 earnings per share for the current year.

Piper Sandler Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 22nd will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Friday, November 22nd. Piper Sandler Companies’s dividend payout ratio (DPR) 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.