Piper Sandler Companies (NYSE:PIPR – Get Free Report) insider Jonathan J. Doyle sold 19,987 shares of the company’s stock in a transaction that occurred on 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 directly owns 176,227 shares in the company, valued at $32,408,145.30. The transaction was disclosed in a filing with the SEC, which is available at this link.
Piper Sandler Companies Price Performance
Shares of Piper Sandler Companies stock opened at $183.94 on Friday. Piper Sandler Companies has a one year low of $120.97 and a one year high of $192.67. The stock’s fifty day moving average is $173.72 and its 200 day moving average is $164.73. The stock has a market cap of $3.26 billion, a P/E ratio of 37.23 and a beta of 1.41. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.63 and a current ratio of 1.33.
Piper Sandler Companies (NYSE:PIPR – Get Free Report) last announced its earnings results on Friday, February 2nd. The financial services provider reported $4.03 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $370.12 million. During the same period last year, the firm earned $3.33 EPS. Piper Sandler Companies’s revenue for the quarter was up 17.0% compared to the same quarter last year. Sell-side analysts anticipate that Piper Sandler Companies will post 11.17 earnings per share for the current year.
Piper Sandler Companies Announces Dividend
Analyst Ratings Changes
Several equities analysts have recently weighed in on the company. Northland Securities cut Piper Sandler Companies from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 19th. 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 report on Tuesday, December 19th. JMP Securities reissued a “market perform” rating on shares of Piper Sandler Companies in a report on Wednesday, January 10th. Finally, StockNews.com raised Piper Sandler Companies from a “hold” rating to a “buy” rating in a report on Tuesday.
Institutional Investors Weigh In On Piper Sandler Companies
Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC purchased a new stake in Piper Sandler Companies in the 4th quarter worth $29,000. Indiana Trust & Investment Management CO purchased a new stake in Piper Sandler Companies in the 3rd quarter worth $26,000. DHJJ Financial Advisors Ltd. purchased a new stake in Piper Sandler Companies in the 3rd quarter worth $29,000. West Oak Capital LLC purchased a new position in shares of Piper Sandler Companies during the fourth quarter valued at about $33,000. Finally, Steward Partners Investment Advisory LLC grew its position in shares of Piper Sandler Companies by 328.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 227 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 174 shares in the last quarter. Hedge funds and other institutional investors own 67.23% of the company’s stock.
About Piper Sandler Companies
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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