Dynamic Technology Lab Private Ltd purchased a new position in shares of Piper Sandler Companies (NYSE:PIPR – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,948 shares of the financial services provider’s stock, valued at approximately $341,000.
A number of other institutional investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC acquired a new stake in shares of Piper Sandler Companies in the fourth quarter valued at $29,000. West Oak Capital LLC acquired a new stake in shares of Piper Sandler Companies during the fourth quarter worth $33,000. Quadrant Capital Group LLC raised its position in shares of Piper Sandler Companies by 21.1% during the fourth quarter. Quadrant Capital Group LLC now owns 460 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 80 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Piper Sandler Companies during the third quarter worth $201,000. Finally, Obermeyer Wood Investment Counsel Lllp acquired a new stake in shares of Piper Sandler Companies during the third quarter worth $213,000. Institutional investors and hedge funds own 72.79% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on PIPR shares. StockNews.com raised Piper Sandler Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th. JMP Securities reissued a “market perform” rating on shares of Piper Sandler Companies in a research report on Tuesday, April 9th.
Get Our Latest Analysis on Piper Sandler Companies
Insider Buying and Selling at Piper Sandler Companies
In other Piper Sandler Companies news, President Debbra L. Schoneman sold 205 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $190.05, for a total value of $38,960.25. Following the transaction, the president now owns 16,935 shares in the company, valued at $3,218,496.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, President Debbra L. Schoneman sold 205 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $190.05, for a total transaction of $38,960.25. Following the completion of the sale, the president now owns 16,935 shares in the company, valued at approximately $3,218,496.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Debbra L. Schoneman sold 1,022 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $213.27, for a total value of $217,961.94. Following the sale, the president now owns 43,083 shares of the company’s stock, valued at approximately $9,188,311.41. The disclosure for this sale can be found here. Insiders have sold 11,570 shares of company stock worth $2,347,404 over the last 90 days. 3.00% of the stock is currently owned by corporate insiders.
Piper Sandler Companies Stock Up 1.8 %
NYSE:PIPR opened at $213.40 on Monday. The company’s fifty day simple moving average is $206.42. Piper Sandler Companies has a 1-year low of $124.46 and a 1-year high of $216.50. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 36.29 and a beta of 1.40.
Piper Sandler Companies (NYSE:PIPR – Get Free Report) last issued its earnings results on Friday, April 26th. The financial services provider reported $2.79 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.90. Piper Sandler Companies had a return on equity of 13.65% and a net margin of 7.33%. The firm had revenue of $335.29 million for the quarter, compared to the consensus estimate of $314.97 million. During the same quarter in the previous year, the company posted $2.35 earnings per share. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Piper Sandler Companies will post 11.82 earnings per share for the current year.
Piper Sandler Companies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 24th will be paid a $0.60 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $2.40 dividend on an annualized basis and a yield of 1.12%. Piper Sandler Companies’s dividend payout ratio (DPR) is currently 40.82%.
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.
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