Piper Sandler Companies (NYSE:PIPR) Shares Bought by Raymond James & Associates

Raymond James & Associates grew its holdings in shares of Piper Sandler Companies (NYSE:PIPR) by 5.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,325 shares of the financial services provider’s stock after purchasing an additional 1,484 shares during the period. Raymond James & Associates owned approximately 0.17% of Piper Sandler Companies worth $8,323,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of PIPR. Wealthcare Advisory Partners LLC bought a new stake in shares of Piper Sandler Companies during the 1st quarter worth about $298,000. Allspring Global Investments Holdings LLC increased its stake in shares of Piper Sandler Companies by 16.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 59,458 shares of the financial services provider’s stock valued at $11,802,000 after acquiring an additional 8,510 shares during the period. BNP Paribas Financial Markets raised its holdings in Piper Sandler Companies by 14.6% during the first quarter. BNP Paribas Financial Markets now owns 13,951 shares of the financial services provider’s stock worth $2,769,000 after purchasing an additional 1,779 shares in the last quarter. Texas Permanent School Fund Corp lifted its position in Piper Sandler Companies by 2.4% in the first quarter. Texas Permanent School Fund Corp now owns 13,303 shares of the financial services provider’s stock worth $2,641,000 after purchasing an additional 307 shares during the period. Finally, SG Americas Securities LLC bought a new position in Piper Sandler Companies during the 1st quarter valued at $238,000. Institutional investors and hedge funds own 72.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PIPR. JMP Securities reissued a “market perform” rating on shares of Piper Sandler Companies in a research note on Tuesday, September 17th. StockNews.com lowered Piper Sandler Companies from a “buy” rating to a “hold” rating in a report on Monday.

Piper Sandler Companies Stock Performance

Shares of NYSE:PIPR opened at $288.73 on Wednesday. The stock has a market capitalization of $5.11 billion, a price-to-earnings ratio of 49.10 and a beta of 1.39. Piper Sandler Companies has a 1-year low of $134.82 and a 1-year high of $306.10. The company has a 50 day moving average price of $289.63 and a 200 day moving average price of $274.06.

Piper Sandler Companies (NYSE:PIPR) last released its quarterly earnings data on Friday, August 2nd. The financial services provider reported $2.52 earnings per share 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 analyst estimates of $338.90 million. Piper Sandler Companies had a return on equity of 16.18% and a net margin of 10.84%. The company’s revenue was up 23.7% compared to the same quarter last year. During the same period last year, the company posted $1.13 EPS. On average, sell-side analysts expect that Piper Sandler Companies will post 11.53 EPS for the current fiscal year.

Piper Sandler Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 22nd will be paid a $0.65 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.60 dividend on an annualized basis and a yield of 0.90%. Piper Sandler Companies’s dividend payout ratio is currently 44.22%.

Insiders Place Their Bets

In other Piper Sandler Companies news, insider Jonathan J. Doyle sold 12,695 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 160,095 shares in the company, valued at $37,883,279.85. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other 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 transaction, the insider now owns 160,095 shares in the company, valued at approximately $37,883,279.85. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel John W. Geelan sold 1,789 shares of the stock in a transaction dated Friday, August 9th. The stock was 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 approximately $3,867,637.45. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,276 shares of company stock worth $3,936,252. Company insiders own 3.00% of the company’s stock.

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.