Dimensional Fund Advisors LP Has $88.55 Million Stock Position in Piper Sandler Companies (NYSE:PIPR)

Dimensional Fund Advisors LP boosted its holdings in Piper Sandler Companies (NYSE:PIPR) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 506,340 shares of the financial services provider’s stock after buying an additional 5,851 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.86% of Piper Sandler Companies worth $88,546,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC acquired a new stake in shares of Piper Sandler Companies during the fourth quarter valued at about $29,000. West Oak Capital LLC purchased a new position in shares of Piper Sandler Companies during the fourth quarter valued at approximately $33,000. Vanguard Personalized Indexing Management LLC purchased a new position in Piper Sandler Companies in the third quarter worth $201,000. Obermeyer Wood Investment Counsel Lllp purchased a new position in Piper Sandler Companies in the third quarter worth $213,000. Finally, V Wealth Advisors LLC purchased a new position in Piper Sandler Companies in the third quarter worth $218,000. 72.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Piper Sandler Companies

In other Piper Sandler Companies news, President Debbra L. Schoneman sold 205 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $190.05, for a total transaction of $38,960.25. Following the sale, the president now directly owns 16,935 shares in the company, valued at approximately $3,218,496.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, President Debbra L. Schoneman sold 4,795 shares of Piper Sandler Companies stock in a transaction on Monday, March 4th. The stock was sold at an average price of $190.72, for a total transaction of $914,502.40. Following the transaction, the president now directly owns 12,140 shares in the company, valued at $2,315,340.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Debbra L. Schoneman sold 205 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $190.05, for a total value of $38,960.25. Following the sale, the president now directly owns 16,935 shares in the company, valued at $3,218,496.75. The disclosure for this sale can be found here. Insiders sold a total of 15,125 shares of company stock valued at $3,004,510 in the last 90 days. Corporate insiders own 3.00% of the company’s stock.

Piper Sandler Companies Price Performance

PIPR opened at $209.72 on Friday. The business has a 50 day simple moving average of $205.30 and a two-hundred day simple moving average of $196.41. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 35.67 and a beta of 1.40. Piper Sandler Companies has a one year low of $124.46 and a one year high of $216.50.

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

Piper Sandler Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 24th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Thursday, May 23rd. Piper Sandler Companies’s dividend payout ratio is currently 40.82%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on PIPR shares. JMP Securities restated a “market perform” rating on shares of Piper Sandler Companies in a research note on Tuesday, April 9th. StockNews.com upgraded Piper Sandler Companies from a “hold” rating to a “buy” rating in a research note 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.