Vanguard Group Inc. Has $341.05 Million Position in Piper Sandler Companies (NYSE:PIPR)

Vanguard Group Inc. boosted its position in shares of Piper Sandler Companies (NYSE:PIPR) by 0.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,950,310 shares of the financial services provider’s stock after buying an additional 15,075 shares during the quarter. Vanguard Group Inc. owned approximately 11.03% of Piper Sandler Companies worth $341,051,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC bought a new stake in shares of Piper Sandler Companies during the fourth quarter worth $29,000. Parallel Advisors LLC increased its position in Piper Sandler Companies by 62.1% in the fourth quarter. Parallel Advisors LLC now owns 167 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 64 shares during the period. West Oak Capital LLC bought a new stake in Piper Sandler Companies during the 4th quarter worth about $33,000. Quadrant Capital Group LLC lifted its position 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 purchasing an additional 80 shares during the period. Finally, Cerity Partners LLC bought a new position in shares of Piper Sandler Companies in the 4th quarter valued at about $218,000. 72.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, JMP Securities restated a “market perform” rating on shares of Piper Sandler Companies in a report on Tuesday, June 11th.

Piper Sandler Companies Trading Up 4.4 %

NYSE PIPR opened at $230.17 on Friday. Piper Sandler Companies has a 12 month low of $124.46 and a 12 month high of $231.50. The stock has a 50-day simple moving average of $211.37 and a 200 day simple moving average of $204.40. The company has a market capitalization of $4.07 billion, a PE ratio of 39.14 and a beta of 1.38.

Piper Sandler Companies (NYSE:PIPR) last announced its quarterly earnings results on Friday, April 26th. The financial services provider reported $2.79 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $335.29 million during the quarter, compared to analysts’ expectations of $314.97 million. During the same period in the prior year, the business posted $2.35 EPS. Piper Sandler Companies’s revenue was up 15.5% on a year-over-year basis. As a group, sell-side analysts predict that Piper Sandler Companies will post 11.82 earnings per share for the current fiscal year.

Piper Sandler Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 24th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend was Thursday, May 23rd. Piper Sandler Companies’s dividend payout ratio (DPR) is 40.82%.

Insider Activity

In other Piper Sandler Companies news, General Counsel John W. Geelan sold 1,570 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $211.14, for a total value of $331,489.80. Following the completion of the sale, the general counsel now directly owns 16,854 shares in the company, valued at $3,558,553.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Piper Sandler Companies news, General Counsel John W. Geelan sold 1,570 shares of Piper Sandler Companies stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $211.14, for a total value of $331,489.80. Following the transaction, the general counsel now owns 16,854 shares of the company’s stock, valued at $3,558,553.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Debbra L. Schoneman sold 1,022 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $213.27, for a total transaction of $217,961.94. Following the sale, the president now directly owns 43,083 shares of the company’s stock, valued at approximately $9,188,311.41. The disclosure for this sale can be found here. Insiders sold 6,570 shares of company stock valued at $1,393,941 in the last quarter. Company insiders own 3.00% of the company’s stock.

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.