Piper Sandler Companies (NYSE:PIPR) Trading Down 0.5%

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

Analysts Set New Price Targets

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

Piper Sandler Companies Stock Performance

The company has a market cap of $4.09 billion, a price-to-earnings ratio of 39.27 and a beta of 1.41. The business’s 50 day moving average price is $212.92 and its 200-day moving average price is $205.37.

Piper Sandler Companies (NYSE:PIPR) last announced its quarterly earnings data on Friday, April 26th. The financial services provider reported $2.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.90. Piper Sandler Companies had a net margin of 7.33% and a return on equity of 13.65%. The company had revenue of $335.29 million during the quarter, compared to analysts’ expectations of $314.97 million. During the same quarter in the prior year, the company posted $2.35 EPS. The business’s revenue was up 15.5% on a year-over-year basis. On average, 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 company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 24th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date was Thursday, May 23rd. Piper Sandler Companies’s dividend payout ratio (DPR) is currently 40.82%.

Insider Buying and Selling at Piper Sandler Companies

In other Piper Sandler Companies news, President Debbra L. Schoneman sold 3,978 shares of the firm’s stock in a transaction dated Friday, May 17th. The shares were 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 owns 44,105 shares in the company, valued at approximately $9,363,050.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, President Debbra L. Schoneman sold 3,978 shares of the firm’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $212.29, for a total value of $844,489.62. Following the transaction, the president now owns 44,105 shares of the company’s stock, valued at approximately $9,363,050.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $331,489.80. Following the completion of the transaction, the general counsel now directly owns 16,854 shares in the company, valued at approximately $3,558,553.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,570 shares of company stock worth $1,393,941. 3.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PIPR. GAMMA Investing LLC bought a new position in Piper Sandler Companies during the 4th quarter worth approximately $29,000. Parallel Advisors LLC lifted its stake 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 valued at $29,000 after buying an additional 64 shares in the last quarter. West Oak Capital LLC bought a new position in Piper Sandler Companies in the fourth quarter valued at approximately $33,000. Mather Group LLC. bought a new position in Piper Sandler Companies in the first quarter valued at approximately $64,000. Finally, Quadrant Capital Group LLC lifted its stake 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 valued at $80,000 after buying an additional 80 shares in the last quarter. Institutional investors own 72.79% of the company’s stock.

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.