BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $17.18 Million Stock Holdings in Piper Sandler Companies (NYSE:PIPR)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Piper Sandler Companies (NYSE:PIPR) by 6.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 60,514 shares of the financial services provider’s stock after purchasing an additional 3,677 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.34% of Piper Sandler Companies worth $17,175,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of Montreal Can increased its holdings in shares of Piper Sandler Companies by 2.1% in the second 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. boosted its holdings in shares of Piper Sandler Companies by 4.6% during the 2nd quarter. Xponance Inc. now owns 1,101 shares of the financial services provider’s stock worth $253,000 after buying an additional 48 shares during the period. Commonwealth Equity Services LLC grew its stake in Piper Sandler Companies by 2.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 2,340 shares of the financial services provider’s stock valued at $539,000 after buying an additional 54 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in Piper Sandler Companies by 1.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 5,010 shares of the financial services provider’s stock valued at $1,422,000 after acquiring an additional 56 shares during the period. Finally, CWM LLC lifted 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 worth $88,000 after acquiring an additional 57 shares during the last quarter. Institutional investors own 72.79% of the company’s stock.

Piper Sandler Companies Stock Up 0.1 %

NYSE PIPR opened at $340.71 on Friday. The firm has a 50-day moving average price of $313.83 and a two-hundred day moving average price of $290.18. Piper Sandler Companies has a 12-month low of $151.03 and a 12-month high of $347.15. The company has a market capitalization of $6.06 billion, a P/E ratio of 36.40 and a beta of 1.39.

Piper Sandler Companies (NYSE:PIPR) last issued its quarterly earnings results on Friday, October 25th. The financial services provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $359.57 million during the quarter, compared to analysts’ expectations of $365.07 million. 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 declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 22nd will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Friday, November 22nd. Piper Sandler Companies’s payout ratio is currently 27.78%.

Wall Street Analyst Weigh In

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

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.