Dimensional Fund Advisors LP Has $112.47 Million Stock Position in Piper Sandler Companies (NYSE:PIPR)

Dimensional Fund Advisors LP lessened its position in shares of Piper Sandler Companies (NYSE:PIPR) by 1.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 488,661 shares of the financial services provider’s stock after selling 8,660 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.76% of Piper Sandler Companies worth $112,466,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. TFO Wealth Partners LLC grew its holdings in shares of Piper Sandler Companies by 172,500.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,726 shares of the financial services provider’s stock worth $302,000 after purchasing an additional 1,725 shares in the last quarter. 1492 Capital Management LLC lifted its position in shares of Piper Sandler Companies by 1.1% during the 4th quarter. 1492 Capital Management LLC now owns 6,399 shares of the financial services provider’s stock worth $1,119,000 after buying an additional 68 shares during the period. New York State Teachers Retirement System lifted its position in shares of Piper Sandler Companies by 1.9% during the 2nd quarter. New York State Teachers Retirement System now owns 32,149 shares of the financial services provider’s stock worth $7,400,000 after buying an additional 610 shares during the period. Vanguard Group Inc. lifted its position in shares of Piper Sandler Companies by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 1,950,310 shares of the financial services provider’s stock worth $341,051,000 after buying an additional 15,075 shares during the period. Finally, Oliver Luxxe Assets LLC lifted its position in shares of Piper Sandler Companies by 40.2% during the 4th quarter. Oliver Luxxe Assets LLC now owns 5,892 shares of the financial services provider’s stock worth $1,030,000 after buying an additional 1,689 shares during the period. Institutional investors and hedge funds own 72.79% of the company’s stock.

Insider Transactions at Piper Sandler Companies

In other news, Director Philip Soran sold 1,792 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $263.92, for a total transaction of $472,944.64. Following the completion of the sale, the director now owns 18,341 shares in the company, valued at $4,840,556.72. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Jonathan J. Doyle sold 12,695 shares of Piper Sandler Companies stock in a transaction on Monday, August 5th. The stock was sold at an average price of $236.63, for a total transaction of $3,004,017.85. Following the completion of the sale, the insider now directly owns 160,095 shares of the company’s stock, valued at $37,883,279.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Philip Soran sold 1,792 shares of Piper Sandler Companies stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $263.92, for a total value of $472,944.64. Following the sale, the director now directly owns 18,341 shares of the company’s stock, valued at $4,840,556.72. The disclosure for this sale can be found here. Insiders sold a total of 16,276 shares of company stock worth $3,936,252 over the last 90 days. 3.00% of the stock is owned by insiders.

Piper Sandler Companies Stock Performance

Shares of PIPR opened at $287.51 on Tuesday. The stock has a fifty day moving average price of $268.93 and a two-hundred day moving average price of $253.43. Piper Sandler Companies has a 52-week low of $130.89 and a 52-week high of $289.02. The company has a market cap of $5.09 billion, a price-to-earnings ratio of 48.90 and a beta of 1.39.

Piper Sandler Companies (NYSE:PIPR) last issued its quarterly earnings data on Friday, August 2nd. The financial services provider reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.26. Piper Sandler Companies had a return on equity of 15.36% and a net margin of 9.23%. The firm had revenue of $357.00 million during the quarter, compared to the consensus estimate of $338.90 million. During the same quarter in the previous year, the company posted $1.13 EPS. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year. As a group, research analysts predict that Piper Sandler Companies will post 11.53 EPS for the current fiscal year.

Piper Sandler Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Thursday, August 29th were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.90%. This is an increase from Piper Sandler Companies’s previous quarterly dividend of $0.60. Piper Sandler Companies’s payout ratio is presently 44.22%.

Analyst Upgrades and Downgrades

Separately, JMP Securities restated a “market perform” rating on shares of Piper Sandler Companies in a research report on Tuesday, September 17th.

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.