Insider Selling: Piper Sandler Companies (NYSE:PIPR) President Sells $844,489.62 in Stock

Piper Sandler Companies (NYSE:PIPR) President Debbra L. Schoneman sold 3,978 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $212.29, for a total transaction of $844,489.62. Following the sale, the president now directly owns 44,105 shares in the company, valued at $9,363,050.45. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Piper Sandler Companies Stock Performance

Shares of PIPR stock opened at $212.51 on Thursday. The firm’s 50-day moving average is $204.27 and its 200-day moving average is $196.01. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 36.14 and a beta of 1.40. Piper Sandler Companies has a 52-week low of $124.46 and a 52-week high of $216.50.

Piper Sandler Companies (NYSE:PIPR) last issued its earnings results on Friday, April 26th. The financial services provider reported $2.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.90. The company had revenue of $335.29 million for the quarter, compared to analysts’ expectations of $314.97 million. Piper Sandler Companies had a net margin of 7.33% and a return on equity of 13.65%. Piper Sandler Companies’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.35 EPS. Sell-side analysts predict that Piper Sandler Companies will post 11.82 EPS for the current fiscal year.

Piper Sandler Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors 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 1.13%. Piper Sandler Companies’s dividend payout ratio (DPR) is currently 40.82%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Comerica Bank grew its stake in Piper Sandler Companies by 7.0% in the 1st quarter. Comerica Bank now owns 8,819 shares of the financial services provider’s stock valued at $1,751,000 after buying an additional 575 shares during the last quarter. Mount Yale Investment Advisors LLC grew its stake in Piper Sandler Companies by 8.2% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 1,720 shares of the financial services provider’s stock valued at $341,000 after buying an additional 130 shares during the last quarter. Morse Asset Management Inc acquired a new position in Piper Sandler Companies in the 1st quarter valued at about $203,000. Price T Rowe Associates Inc. MD grew its stake in Piper Sandler Companies by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,751 shares of the financial services provider’s stock valued at $2,135,000 after buying an additional 638 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in Piper Sandler Companies in the 1st quarter valued at about $1,025,000. Institutional investors and hedge funds own 72.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on PIPR shares. JMP Securities reissued a “market perform” rating on shares of Piper Sandler Companies in a research report on Tuesday, April 9th. StockNews.com raised shares of Piper Sandler Companies from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th.

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.