1,745 Shares in Piper Sandler Companies (NYSE:PIPR) Purchased by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. bought a new position in shares of Piper Sandler Companies (NYSE:PIPR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,745 shares of the financial services provider’s stock, valued at approximately $305,000.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC purchased a new position in Piper Sandler Companies during the 4th quarter valued at approximately $29,000. West Oak Capital LLC purchased a new position in Piper Sandler Companies during the 4th quarter valued at approximately $33,000. Quadrant Capital Group LLC grew its holdings in Piper Sandler Companies by 21.1% during the 4th 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 in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new position in Piper Sandler Companies during the 3rd quarter valued at approximately $201,000. Finally, Obermeyer Wood Investment Counsel Lllp purchased a new position in Piper Sandler Companies during the 3rd quarter valued at approximately $213,000. Hedge funds and other institutional investors own 72.79% of the company’s stock.

Wall Street Analyst Weigh In

PIPR has been the subject of several research analyst reports. StockNews.com upgraded Piper Sandler Companies from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th. JMP Securities restated a “market perform” rating on shares of Piper Sandler Companies in a report on Tuesday, April 9th.

Insider Buying and Selling

In related news, President Debbra L. Schoneman sold 205 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the president now directly owns 16,935 shares of the company’s stock, valued at approximately $3,218,496.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, General Counsel John W. Geelan sold 1,570 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $211.14, for a total transaction of $331,489.80. Following the completion of the sale, the general counsel now directly owns 16,854 shares of the company’s stock, valued at approximately $3,558,553.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Debbra L. Schoneman sold 205 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $190.05, for a total value of $38,960.25. Following the transaction, the president now owns 16,935 shares in the company, valued at $3,218,496.75. The disclosure for this sale can be found here. In the last three months, insiders sold 15,125 shares of company stock valued at $3,004,510. Insiders own 3.00% of the company’s stock.

Piper Sandler Companies Price Performance

NYSE:PIPR opened at $213.40 on Friday. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 36.29 and a beta of 1.40. Piper Sandler Companies has a 1 year low of $124.46 and a 1 year high of $216.50. The business has a 50 day simple moving average of $206.42 and a 200-day simple moving average of $196.88.

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

Piper Sandler Companies Dividend Announcement

The firm 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 dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Thursday, May 23rd. Piper Sandler Companies’s dividend payout ratio is currently 40.82%.

Piper Sandler Companies 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.