Jane Street Group LLC Decreases Stake in Piper Sandler Companies (NYSE:PIPR)

Jane Street Group LLC trimmed its holdings in shares of Piper Sandler Companies (NYSE:PIPR) by 37.9% during the third quarter, according to the company in 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 quarter. Jane Street Group LLC owned 0.05% of Piper Sandler Companies worth $2,559,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of PIPR. Blue Trust Inc. raised its holdings in Piper Sandler Companies by 194.7% in the second quarter. Blue Trust Inc. now owns 112 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 74 shares in the last quarter. nVerses Capital LLC raised its stake in shares of Piper Sandler Companies by 100.0% in the 2nd quarter. nVerses Capital LLC now owns 200 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 100 shares in the last quarter. USA Financial Formulas bought a new position in shares of Piper Sandler Companies during the third quarter worth about $77,000. CWM LLC grew its stake in Piper Sandler Companies by 22.5% in the third quarter. CWM LLC now owns 310 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 57 shares in the last quarter. Finally, KBC Group NV increased its holdings in 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 buying an additional 95 shares during the last quarter. Institutional investors and hedge funds own 72.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on PIPR shares. JMP Securities reaffirmed a “market perform” rating on shares of Piper Sandler Companies in a report on Tuesday, September 17th. StockNews.com upgraded Piper Sandler Companies from a “hold” rating to a “buy” rating in a research note on Friday.

Piper Sandler Companies Stock Performance

Piper Sandler Companies 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 business has a 50-day simple moving average of $329.12. The company has a market cap of $5.29 billion, a P/E ratio of 31.81 and a beta of 1.43.

Piper Sandler Companies (NYSE:PIPR) last issued its earnings results on Friday, October 25th. The financial services provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $359.57 million for the quarter, compared to analysts’ expectations of $365.07 million. As a group, equities analysts expect 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. Investors of record on Friday, November 22nd were given a dividend of $0.65 per share. 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 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.