Piper Sandler Companies (NYSE:PIPR) President Sells $920,650.00 in Stock

Piper Sandler Companies (NYSE:PIPRGet Free Report) President Debbra L. Schoneman sold 5,000 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $184.13, for a total value of $920,650.00. Following the transaction, the president now owns 48,083 shares of the company’s stock, valued at $8,853,522.79. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Piper Sandler Companies Price Performance

PIPR stock opened at $183.94 on Friday. The business has a 50 day moving average price of $173.72 and a 200 day moving average price of $164.73. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 37.23 and a beta of 1.41. Piper Sandler Companies has a fifty-two week low of $120.97 and a fifty-two week high of $192.67. The company has a quick ratio of 0.63, a current ratio of 1.33 and a debt-to-equity ratio of 0.10.

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

Piper Sandler Companies Dividend Announcement

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

Institutional Investors Weigh In On Piper Sandler Companies

Several institutional investors have recently added to or reduced their stakes in PIPR. Wedge Capital Management L L P NC lifted its stake in Piper Sandler Companies by 1.9% in the fourth quarter. Wedge Capital Management L L P NC now owns 3,572 shares of the financial services provider’s stock valued at $625,000 after buying an additional 67 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Piper Sandler Companies by 0.9% in the third quarter. Victory Capital Management Inc. now owns 7,775 shares of the financial services provider’s stock valued at $1,130,000 after buying an additional 70 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Piper Sandler Companies by 1.1% in the second quarter. The Manufacturers Life Insurance Company now owns 6,956 shares of the financial services provider’s stock valued at $899,000 after buying an additional 78 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in Piper Sandler Companies by 21.1% in the fourth quarter. Quadrant Capital Group LLC now owns 460 shares of the financial services provider’s stock valued at $80,000 after buying an additional 80 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY lifted its stake in Piper Sandler Companies by 8.2% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 1,093 shares of the financial services provider’s stock valued at $142,000 after buying an additional 83 shares during the last quarter. Hedge funds and other institutional investors own 67.23% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on PIPR. JMP Securities restated a “market perform” rating on shares of Piper Sandler Companies in a report on Wednesday, January 10th. StockNews.com raised Piper Sandler Companies from a “hold” rating to a “buy” rating in a research report on Tuesday. The Goldman Sachs Group boosted their price objective on Piper Sandler Companies from $171.00 to $193.00 and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Finally, Northland Securities downgraded Piper Sandler Companies from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 19th.

View Our Latest Stock Report 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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