1,500 Shares in Piper Sandler Companies (NYSE:PIPR) Acquired by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC bought a new position in shares of Piper Sandler Companies (NYSE:PIPR) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,500 shares of the financial services provider’s stock, valued at approximately $298,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC acquired a new stake in Piper Sandler Companies during the 4th quarter worth approximately $29,000. Parallel Advisors LLC increased its position in Piper Sandler Companies by 62.1% during the 4th quarter. Parallel Advisors LLC now owns 167 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 64 shares in the last quarter. West Oak Capital LLC acquired a new stake in Piper Sandler Companies during the 4th quarter worth approximately $33,000. Mather Group LLC. purchased a new position in Piper Sandler Companies in the 1st quarter worth approximately $64,000. Finally, Quadrant Capital Group LLC boosted its holdings in Piper Sandler Companies by 21.1% in the 4th quarter. Quadrant Capital Group LLC now owns 460 shares of the financial services provider’s stock worth $80,000 after acquiring an additional 80 shares during the period. Institutional investors and hedge funds own 72.79% of the company’s stock.

Insider Activity

In other news, President Debbra L. Schoneman sold 1,022 shares of the stock in a transaction that occurred 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 completion of the transaction, the president now directly owns 43,083 shares in the company, valued at approximately $9,188,311.41. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, President Debbra L. Schoneman sold 1,022 shares of the firm’s 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 transaction, the president now directly owns 43,083 shares in the company, valued at $9,188,311.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel John W. Geelan sold 1,570 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was 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 in the company, valued at $3,558,553.56. The disclosure for this sale can be found here. In the last three months, insiders sold 6,570 shares of company stock worth $1,393,941. 3.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

Piper Sandler Companies Stock Up 0.8 %

NYSE PIPR opened at $231.98 on Tuesday. The stock has a market cap of $4.11 billion, a PE ratio of 39.45 and a beta of 1.41. Piper Sandler Companies has a fifty-two week low of $124.46 and a fifty-two week high of $233.48. The business has a 50 day moving average price of $212.11 and a two-hundred day moving average price of $205.01.

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

Piper Sandler Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 24th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.03%. The ex-dividend date was Thursday, May 23rd. Piper Sandler Companies’s dividend payout ratio (DPR) is currently 40.82%.

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.