Universal Beteiligungs und Servicegesellschaft mbH Has $8.36 Million Holdings in Piper Sandler Companies $PIPR

Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in Piper Sandler Companies (NYSE:PIPR) by 63.0% in the third quarter, Holdings Channel reports. The institutional investor owned 24,084 shares of the company’s stock after buying an additional 9,305 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Piper Sandler Companies were worth $8,357,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in PIPR. NorthCrest Asset Manangement LLC grew its holdings in shares of Piper Sandler Companies by 81.4% during the third quarter. NorthCrest Asset Manangement LLC now owns 8,469 shares of the company’s stock worth $2,880,000 after purchasing an additional 3,801 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Piper Sandler Companies by 0.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,944 shares of the company’s stock valued at $4,062,000 after acquiring an additional 42 shares during the last quarter. Amalgamated Bank grew its stake in shares of Piper Sandler Companies by 2.1% in the third quarter. Amalgamated Bank now owns 4,813 shares of the company’s stock worth $1,670,000 after purchasing an additional 100 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Piper Sandler Companies in the third quarter worth $281,000. Finally, QRG Capital Management Inc. acquired a new stake in Piper Sandler Companies in the third quarter valued at $201,000.

Insider Activity at Piper Sandler Companies

In other news, President Debbra L. Schoneman sold 2,500 shares of the stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $330.33, for a total transaction of $825,825.00. Following the transaction, the president owned 2,896 shares in the company, valued at $956,635.68. This represents a 46.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Chad R. Abraham sold 4,400 shares of the stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $337.60, for a total value of $1,485,440.00. Following the transaction, the chief executive officer owned 53,558 shares in the company, valued at approximately $18,081,180.80. This trade represents a 7.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 11,267 shares of company stock valued at $3,763,746.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on PIPR shares. Zacks Research lowered Piper Sandler Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Bank of America initiated coverage on shares of Piper Sandler Companies in a research report on Monday. They set an “underperform” rating and a $385.00 target price for the company. Wolfe Research restated an “outperform” rating and set a $398.00 price target on shares of Piper Sandler Companies in a report on Wednesday, January 7th. Wall Street Zen raised shares of Piper Sandler Companies from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Piper Sandler Companies in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Piper Sandler Companies has an average rating of “Hold” and a consensus price target of $389.67.

Piper Sandler Companies Stock Up ∞

PIPR traded up $353.17 during trading hours on Monday, hitting $353.17.

Piper Sandler Companies (NYSE:PIPR) last posted its earnings results on Friday, October 31st. The company reported $3.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.96 by $0.86. The company had revenue of $455.31 million during the quarter, compared to the consensus estimate of $408.40 million. The business’s quarterly revenue was up 33.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.57 earnings per share.

Piper Sandler Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Tuesday, November 25th were issued a dividend of $0.70 per share. The ex-dividend date was Tuesday, November 25th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.8%.

About Piper Sandler Companies

Piper Sandler Companies (NYSE: PIPR) is an investment bank and institutional securities firm that provides a range of capital markets and advisory services to corporations, institutions, municipalities and high-net-worth individuals. The firm’s core activities include investment banking and M&A advisory, underwriting and distribution of equity and debt securities, public finance, and sector-focused advisory across industries such as healthcare, energy, financial services and technology.

In addition to traditional investment banking, Piper Sandler offers equity and fixed income research, institutional sales and trading, and market-making services.