Cwm LLC Buys 57 Shares of Piper Sandler Companies (NYSE:PIPR)

Cwm LLC boosted its stake in shares of Piper Sandler Companies (NYSE:PIPR) by 22.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 310 shares of the financial services provider’s stock after buying an additional 57 shares during the period. Cwm LLC’s holdings in Piper Sandler Companies were worth $88,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. New York State Teachers Retirement System lifted its position in shares of Piper Sandler Companies by 1.9% in the second quarter. New York State Teachers Retirement System now owns 32,149 shares of the financial services provider’s stock valued at $7,400,000 after acquiring an additional 610 shares in the last quarter. Millennium Management LLC lifted its position in shares of 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 valued at $17,908,000 after acquiring an additional 30,942 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Piper Sandler Companies by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 1,950,310 shares of the financial services provider’s stock valued at $341,051,000 after acquiring an additional 15,075 shares in the last quarter. EntryPoint Capital LLC purchased a new position in shares of Piper Sandler Companies in the first quarter valued at about $90,000. Finally, Louisiana State Employees Retirement System lifted its position in shares of Piper Sandler Companies by 4.0% in the second quarter. Louisiana State Employees Retirement System now owns 7,800 shares of the financial services provider’s stock valued at $1,795,000 after acquiring an additional 300 shares in the last quarter. Institutional investors own 72.79% of the company’s stock.

Piper Sandler Companies Stock Performance

Piper Sandler Companies stock opened at $280.53 on Friday. Piper Sandler Companies has a fifty-two week low of $131.89 and a fifty-two week high of $306.10. The firm has a 50 day moving average price of $289.47 and a 200 day moving average price of $273.40. The company has a market capitalization of $4.97 billion, a PE ratio of 47.71 and a beta of 1.39.

Piper Sandler Companies (NYSE:PIPR) last announced its quarterly earnings data on Friday, October 25th. The financial services provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.04. The company had revenue of $359.57 million during the quarter, compared to the consensus estimate of $365.07 million. Piper Sandler Companies had a return on equity of 15.36% and a net margin of 9.23%. As a group, equities research analysts forecast that Piper Sandler Companies will post 11.53 earnings per share for the current year.

Piper Sandler Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Thursday, August 29th were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, August 29th. This is a positive change from Piper Sandler Companies’s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a yield of 0.93%. Piper Sandler Companies’s payout ratio is currently 44.22%.

Insiders Place Their Bets

In related news, Director Philip Soran sold 1,792 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $263.92, for a total transaction of $472,944.64. Following the sale, the director now owns 18,341 shares in the company, valued at approximately $4,840,556.72. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Piper Sandler Companies news, Director Philip Soran sold 1,792 shares of Piper Sandler Companies stock in a transaction dated 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 in the company, valued at $4,840,556.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel John W. Geelan sold 1,789 shares of the company’s stock in a transaction that occurred 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 owns 15,065 shares in the company, valued at $3,867,637.45. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,276 shares of company stock worth $3,936,252. Corporate insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.