Jane Street Group LLC Cuts Stock Position in Piper Sandler Companies (NYSE:PIPR)

Jane Street Group LLC lessened its holdings in Piper Sandler Companies (NYSE:PIPR) by 37.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,018 shares of the financial services provider’s stock after selling 5,504 shares during the period. Jane Street Group LLC owned approximately 0.05% of Piper Sandler Companies worth $2,559,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of PIPR. Bank of Montreal Can lifted its stake in shares of Piper Sandler Companies by 2.1% in the 2nd quarter. Bank of Montreal Can now owns 2,262 shares of the financial services provider’s stock valued at $524,000 after purchasing an additional 46 shares during the last quarter. Xponance Inc. raised its holdings in Piper Sandler Companies by 4.6% during the 2nd quarter. Xponance Inc. now owns 1,101 shares of the financial services provider’s stock valued at $253,000 after buying an additional 48 shares during the period. Commonwealth Equity Services LLC lifted its position in Piper Sandler Companies by 2.4% in the second quarter. Commonwealth Equity Services LLC now owns 2,340 shares of the financial services provider’s stock worth $539,000 after buying an additional 54 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in Piper Sandler Companies by 1.1% during the third quarter. Harbor Capital Advisors Inc. now owns 5,010 shares of the financial services provider’s stock worth $1,422,000 after buying an additional 56 shares during the period. Finally, CWM LLC increased its position in Piper Sandler Companies by 22.5% during the third quarter. CWM LLC now owns 310 shares of the financial services provider’s stock valued at $88,000 after acquiring an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 72.79% of the company’s stock.

Analyst Ratings Changes

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

Piper Sandler Companies Trading Up 1.7 %

PIPR opened at $297.75 on Monday. The firm’s fifty day simple moving average is $329.12. The stock has a market cap of $5.29 billion, a PE ratio of 31.81 and a beta of 1.43. Piper Sandler Companies has a 52-week low of $162.50 and a 52-week high of $351.80.

Piper Sandler Companies (NYSE:PIPR) last released 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. 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 return on equity of 16.06% and a net margin of 10.84%. Sell-side analysts anticipate that Piper Sandler Companies will post 11.49 EPS for the current fiscal year.

Piper Sandler Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 22nd were paid a $0.65 dividend. The ex-dividend date was Friday, November 22nd. This represents a $2.60 dividend on an annualized basis and a yield of 0.87%. Piper Sandler Companies’s dividend payout ratio is currently 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.