Piper Sandler Companies (PIPR) Scheduled to Post Quarterly Earnings on Friday

Piper Sandler Companies (NYSE:PIPR) is scheduled to announce its earnings results before the market opens on Friday, April 26th. Analysts expect the company to announce earnings of $1.89 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Piper Sandler Companies (NYSE:PIPR) last released its earnings results on Friday, February 2nd. The financial services provider reported $4.03 EPS for the quarter, topping the consensus estimate of $2.61 by $1.42. Piper Sandler Companies had a return on equity of 13.27% and a net margin of 6.33%. The business had revenue of $457.39 million for the quarter, compared to the consensus estimate of $370.12 million. During the same period in the previous year, the company posted $3.33 earnings per share. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year.

Piper Sandler Companies Trading Down 0.6 %

Piper Sandler Companies stock opened at $183.84 on Friday. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of 37.21 and a beta of 1.42. Piper Sandler Companies has a 12 month low of $120.97 and a 12 month high of $202.76. The business’s fifty day simple moving average is $194.11 and its two-hundred day simple moving average is $186.21.

Piper Sandler Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend was Friday, March 1st. Piper Sandler Companies’s payout ratio is currently 48.58%.

Insider Activity at Piper Sandler Companies

In related news, insider Jonathan J. Doyle sold 19,987 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $183.90, for a total transaction of $3,675,609.30. Following the completion of the sale, the insider now owns 176,227 shares in the company, valued at $32,408,145.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Piper Sandler Companies news, President Debbra L. Schoneman sold 4,795 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $190.72, for a total value of $914,502.40. Following the completion of the sale, the president now owns 12,140 shares in the company, valued at $2,315,340.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jonathan J. Doyle sold 19,987 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $183.90, for a total value of $3,675,609.30. Following the completion of the sale, the insider now owns 176,227 shares of the company’s stock, valued at approximately $32,408,145.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 53,524 shares of company stock worth $9,838,711. 3.32% of the stock is owned by insiders.

Institutional Trading of Piper Sandler Companies

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its position in Piper Sandler Companies by 5.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,113 shares of the financial services provider’s stock worth $1,770,000 after buying an additional 566 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Piper Sandler Companies during the fourth quarter worth about $221,000. Barclays PLC grew its position in shares of Piper Sandler Companies by 180.4% during the fourth quarter. Barclays PLC now owns 28,988 shares of the financial services provider’s stock worth $5,069,000 after purchasing an additional 18,650 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Piper Sandler Companies by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 1,950,310 shares of the financial services provider’s stock worth $341,051,000 after purchasing an additional 15,075 shares in the last quarter. Finally, Voya Investment Management LLC grew its position in shares of Piper Sandler Companies by 25.5% during the fourth quarter. Voya Investment Management LLC now owns 119,398 shares of the financial services provider’s stock worth $20,879,000 after purchasing an additional 24,260 shares in the last quarter. Hedge funds and other institutional investors own 72.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. JMP Securities reaffirmed a “market perform” rating on shares of Piper Sandler Companies in a report on Tuesday, April 9th. StockNews.com raised Piper Sandler Companies from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th.

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 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.