1,651 Shares in Piper Sandler Companies (NYSE:PIPR) Acquired by Kesler Norman & Wride LLC

Kesler Norman & Wride LLC purchased a new position in shares of Piper Sandler Companies (NYSE:PIPR) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,651 shares of the financial services provider’s stock, valued at approximately $469,000.

Other large investors have also bought and sold shares of the company. New York State Teachers Retirement System grew its position in 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 acquiring an additional 610 shares during the last quarter. Vanguard Group Inc. grew its position in 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 acquiring an additional 15,075 shares during the last quarter. EntryPoint Capital LLC bought a new stake in Piper Sandler Companies during the 1st quarter worth approximately $90,000. Louisiana State Employees Retirement System grew its position in Piper Sandler Companies by 4.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 7,800 shares of the financial services provider’s stock worth $1,795,000 after acquiring an additional 300 shares during the last quarter. Finally, Millennium Management LLC grew its position in Piper Sandler Companies by 66.0% during the 2nd 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 during the last quarter. 72.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, Director Philip Soran sold 1,792 shares of the 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 transaction, the director now owns 18,341 shares of the company’s stock, valued at $4,840,556.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Jonathan J. Doyle sold 12,695 shares of the firm’s 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 sale, the insider now 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Philip Soran sold 1,792 shares of the firm’s 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 in the company, valued at $4,840,556.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,276 shares of company stock valued at $3,936,252 in the last 90 days. 3.00% of the stock is owned by company insiders.

Piper Sandler Companies Stock Performance

Shares of PIPR opened at $288.06 on Wednesday. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 48.99 and a beta of 1.39. The business’s fifty day moving average price is $276.04 and its two-hundred day moving average price is $263.33. Piper Sandler Companies has a 52 week low of $130.89 and a 52 week high of $292.60.

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

Piper Sandler Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Thursday, August 29th were paid a $0.65 dividend. 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 dividend payout ratio is 44.22%.

About Piper Sandler Companies

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.