Piper Sandler Companies (NYSE:PIPR) President Debbra Schoneman Sells 5,240 Shares

Piper Sandler Companies (NYSE:PIPR) President Debbra Schoneman sold 5,240 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $350.99, for a total transaction of $1,839,187.60. Following the transaction, the president owned 2,896 shares in the company, valued at $1,016,467.04. This trade represents a 64.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Piper Sandler Companies Trading Up 0.6%

Shares of NYSE PIPR traded up $2.02 during midday trading on Friday, hitting $323.34. The company’s stock had a trading volume of 189,383 shares, compared to its average volume of 156,372. Piper Sandler Companies has a 12-month low of $202.91 and a 12-month high of $380.26. The firm has a market cap of $5.72 billion, a P/E ratio of 20.45, a price-to-earnings-growth ratio of 1.89 and a beta of 1.53. The business’s 50 day moving average is $352.41 and its two-hundred day moving average is $340.06.

Piper Sandler Companies shares are going to split on the morning of Tuesday, March 24th. The 4-1 split was announced on Friday, February 6th. The newly issued shares will be payable to shareholders after the closing bell on Monday, March 23rd.

Piper Sandler Companies (NYSE:PIPR) last posted its quarterly earnings results on Friday, February 6th. The company reported $6.88 EPS for the quarter, topping the consensus estimate of $4.72 by $2.16. The company had revenue of $635.00 million for the quarter, compared to the consensus estimate of $516.52 million. Piper Sandler Companies had a net margin of 14.77% and a return on equity of 22.50%. The firm’s revenue was up 27.4% compared to the same quarter last year. During the same quarter last year, the firm posted $4.80 EPS.

Piper Sandler Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Tuesday, March 3rd will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, March 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.9%. Piper Sandler Companies’s dividend payout ratio is presently 17.71%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PIPR. AQR Capital Management LLC increased its holdings in shares of Piper Sandler Companies by 20.7% during the 1st quarter. AQR Capital Management LLC now owns 5,572 shares of the company’s stock worth $1,380,000 after buying an additional 956 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Piper Sandler Companies by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,349 shares of the company’s stock valued at $2,563,000 after buying an additional 473 shares during the last quarter. United Services Automobile Association acquired a new stake in shares of Piper Sandler Companies in the first quarter valued at approximately $247,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Piper Sandler Companies by 0.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 44,323 shares of the company’s stock worth $10,977,000 after buying an additional 177 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Piper Sandler Companies by 46.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 170 shares of the company’s stock worth $42,000 after acquiring an additional 54 shares during the period. 72.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on PIPR shares. Wall Street Zen upgraded Piper Sandler Companies from a “hold” rating to a “buy” rating in a research note on Sunday, February 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Piper Sandler Companies in a research note on Friday, January 23rd. Zacks Research raised shares of Piper Sandler Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Wolfe Research reissued an “outperform” rating and issued a $398.00 target price on shares of Piper Sandler Companies in a research report on Wednesday, January 7th. Finally, Bank of America began coverage on Piper Sandler Companies in a research report on Monday, January 26th. They issued an “underperform” rating and a $385.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $389.67.

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.