Piper Sandler Companies (NYSE:PIPR) Stock Price Down 0.5%

Piper Sandler Companies (NYSE:PIPR)’s share price traded down 0.5% on Tuesday . The company traded as low as $229.68 and last traded at $230.90. 180,479 shares changed hands during trading, an increase of 71% from the average session volume of 105,597 shares. The stock had previously closed at $231.98.

Analysts Set New Price Targets

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

Piper Sandler Companies Trading Down 0.5 %

The firm has a market capitalization of $4.09 billion, a PE ratio of 39.27 and a beta of 1.41. The firm has a 50-day moving average of $212.92 and a two-hundred day moving average of $205.37.

Piper Sandler Companies (NYSE:PIPR) last issued its earnings results on Friday, April 26th. The financial services provider reported $2.79 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $335.29 million for the quarter, compared to analyst estimates of $314.97 million. During the same period last year, the company posted $2.35 EPS. The business’s quarterly revenue was up 15.5% on a year-over-year basis. Equities research analysts expect that Piper Sandler Companies will post 11.82 earnings per share for the current fiscal year.

Piper Sandler Companies Dividend Announcement

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

Insider Activity at Piper Sandler Companies

In related news, President Debbra L. Schoneman sold 3,978 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $212.29, for a total value of $844,489.62. Following the completion of the sale, the president now directly owns 44,105 shares in the company, valued at approximately $9,363,050.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, President Debbra L. Schoneman sold 3,978 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $212.29, for a total transaction of $844,489.62. Following the completion of the sale, the president now directly owns 44,105 shares in the company, valued at $9,363,050.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel John W. Geelan sold 1,570 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $211.14, for a total value of $331,489.80. Following the sale, the general counsel now owns 16,854 shares of the company’s stock, 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. Corporate insiders own 3.00% of the company’s stock.

Institutional Trading of Piper Sandler Companies

Large investors have recently modified their holdings of the business. Oliver Luxxe Assets LLC grew its stake in Piper Sandler Companies by 1.1% in the first quarter. Oliver Luxxe Assets LLC now owns 5,954 shares of the financial services provider’s stock worth $1,182,000 after purchasing an additional 62 shares in the last quarter. Parallel Advisors LLC lifted its holdings 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 acquiring an additional 64 shares during the last quarter. Wedge Capital Management L L P NC lifted its holdings in Piper Sandler Companies by 1.9% in the fourth quarter. Wedge Capital Management L L P NC now owns 3,572 shares of the financial services provider’s stock worth $625,000 after acquiring an additional 67 shares during the last quarter. 1492 Capital Management LLC lifted its holdings in Piper Sandler Companies by 1.1% in the fourth quarter. 1492 Capital Management LLC now owns 6,399 shares of the financial services provider’s stock worth $1,119,000 after acquiring an additional 68 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in Piper Sandler Companies by 21.1% in the fourth 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 last quarter. 72.79% of the stock is currently owned by institutional investors and hedge funds.

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.