Jonathan J. Doyle Sells 19,987 Shares of Piper Sandler Companies (NYSE:PIPR) Stock

Piper Sandler Companies (NYSE:PIPRGet Free Report) insider Jonathan J. Doyle sold 19,987 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $183.90, for a total value of $3,675,609.30. Following the completion of the transaction, the insider now owns 176,227 shares of the company’s stock, valued at approximately $32,408,145.30. The sale was disclosed in a document filed with the SEC, which is available through this link.

Piper Sandler Companies Stock Performance

Shares of Piper Sandler Companies stock opened at $183.94 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.63 and a debt-to-equity ratio of 0.10. The business has a 50-day moving average price of $173.72 and a two-hundred day moving average price of $164.73. Piper Sandler Companies has a 1-year low of $120.97 and a 1-year high of $192.67. The company has a market cap of $3.26 billion, a P/E ratio of 37.23 and a beta of 1.41.

Piper Sandler Companies (NYSE:PIPRGet Free Report) last issued its earnings results on Friday, February 2nd. The financial services provider reported $4.03 EPS for the quarter, beating the consensus estimate of $2.61 by $1.42. Piper Sandler Companies had a return on equity of 13.43% and a net margin of 6.33%. The company had revenue of $457.39 million during the quarter, compared to the consensus estimate of $370.12 million. During the same period last year, the business posted $3.33 EPS. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. As a group, analysts anticipate that Piper Sandler Companies will post 11.17 EPS for the current year.

Piper Sandler Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Monday, March 4th will be given a $0.60 dividend. The ex-dividend date of this dividend is Friday, March 1st. This represents a $2.40 annualized dividend and a yield of 1.30%. Piper Sandler Companies’s payout ratio is 48.58%.

Hedge Funds Weigh In On Piper Sandler Companies

Large investors have recently added to or reduced their stakes in the business. Indiana Trust & Investment Management CO bought a new position in Piper Sandler Companies in the 3rd quarter valued at about $26,000. Texas Permanent School Fund Corp lifted its position in shares of Piper Sandler Companies by 5.8% during the 2nd quarter. Texas Permanent School Fund Corp now owns 12,993 shares of the financial services provider’s stock worth $1,679,000 after buying an additional 707 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Piper Sandler Companies by 6.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 168,811 shares of the financial services provider’s stock worth $21,821,000 after buying an additional 10,262 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Piper Sandler Companies by 1.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 60,712 shares of the financial services provider’s stock worth $8,822,000 after buying an additional 615 shares in the last quarter. Finally, Bank of Montreal Can bought a new position in shares of Piper Sandler Companies during the 2nd quarter worth approximately $286,000. Institutional investors own 67.23% of the company’s stock.

Analysts Set New Price Targets

PIPR has been the subject of a number of analyst reports. StockNews.com upgraded shares of Piper Sandler Companies from a “hold” rating to a “buy” rating in a research report on Tuesday. The Goldman Sachs Group increased their price target on Piper Sandler Companies from $171.00 to $193.00 and gave the company a “buy” rating in a research note on Tuesday, December 19th. JMP Securities reiterated a “market perform” rating on shares of Piper Sandler Companies in a research note on Wednesday, January 10th. Finally, Northland Securities downgraded Piper Sandler Companies from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 19th.

Read Our Latest Analysis on Piper Sandler Companies

About Piper Sandler Companies

(Get Free Report)

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 and institutional sales, trading, and research services for various equity and fixed income products.

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Insider Buying and Selling by Quarter for Piper Sandler Companies (NYSE:PIPR)

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