Mackenzie Financial Corp Has $250,000 Stock Holdings in Piper Sandler Companies (NYSE:PIPR)

Mackenzie Financial Corp lessened its stake in Piper Sandler Companies (NYSE:PIPR) by 59.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,087 shares of the financial services provider’s stock after selling 1,570 shares during the quarter. Mackenzie Financial Corp’s holdings in Piper Sandler Companies were worth $250,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in PIPR. Mairs & Power Inc. grew its position in Piper Sandler Companies by 210.8% in the fourth quarter. Mairs & Power Inc. now owns 123,095 shares of the financial services provider’s stock worth $21,526,000 after acquiring an additional 83,495 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Piper Sandler Companies by 37.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 220,638 shares of the financial services provider’s stock worth $38,583,000 after acquiring an additional 59,915 shares in the last quarter. SageView Advisory Group LLC bought a new stake in Piper Sandler Companies in the first quarter worth approximately $10,970,000. Mesirow Institutional Investment Management Inc. bought a new stake in Piper Sandler Companies in the second quarter worth approximately $10,139,000. Finally, Millennium Management LLC grew its position in Piper Sandler Companies by 66.0% in the second quarter. Millennium Management LLC now owns 77,804 shares of the financial services provider’s stock worth $17,908,000 after acquiring an additional 30,942 shares in the last quarter. Institutional investors and hedge funds own 72.79% of the company’s stock.

Insider Buying and Selling

In other Piper Sandler Companies news, insider Jonathan J. Doyle sold 12,695 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $236.63, for a total value 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Piper Sandler Companies news, General Counsel John W. Geelan sold 1,789 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $256.73, for a total value of $459,289.97. Following the completion of the sale, the general counsel now directly owns 15,065 shares of the company’s stock, valued at $3,867,637.45. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jonathan J. Doyle sold 12,695 shares of the stock in a transaction on Monday, August 5th. The shares were 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 approximately $37,883,279.85. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 16,276 shares of company stock valued at $3,936,252. Company insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

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

Piper Sandler Companies Trading Down 1.4 %

NYSE PIPR opened at $286.84 on Tuesday. The company has a fifty day simple moving average of $275.02 and a 200 day simple moving average of $262.98. The company has a market cap of $5.08 billion, a P/E ratio of 48.78 and a beta of 1.39. Piper Sandler Companies has a 1 year low of $130.89 and a 1 year high of $292.60.

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

Piper Sandler Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Thursday, August 29th were issued a dividend of $0.65 per share. This is an increase from Piper Sandler Companies’s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a dividend yield of 0.91%. The ex-dividend date was Thursday, August 29th. Piper Sandler Companies’s dividend payout ratio is currently 44.22%.

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.