Piper Sandler Companies (NYSE:PIPR) President Debbra Schoneman Sells 5,240 Shares of Stock

Piper Sandler Companies (NYSE:PIPR) President Debbra Schoneman sold 5,240 shares of Piper Sandler Companies stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $350.99, for a total transaction of $1,839,187.60. Following the completion of the sale, the president owned 2,896 shares of the company’s stock, valued at approximately $1,016,467.04. The trade was a 64.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Piper Sandler Companies Price Performance

Shares of NYSE:PIPR opened at $323.34 on Friday. The company has a market capitalization of $5.72 billion, a P/E ratio of 20.45, a P/E/G ratio of 1.77 and a beta of 1.53. Piper Sandler Companies has a 1 year low of $202.91 and a 1 year high of $380.26. The business’s 50 day simple moving average is $352.39 and its 200 day simple moving average is $340.09.

Piper Sandler Companies shares are set to split on Tuesday, March 24th. The 4-1 split was announced on Friday, February 6th. The newly issued shares will be payable to shareholders after the closing bell on Monday, March 23rd.

Piper Sandler Companies (NYSE:PIPR) last posted its quarterly earnings results on Friday, February 6th. The company reported $6.88 EPS for the quarter, beating analysts’ consensus estimates of $4.72 by $2.16. The business had revenue of $635.00 million during the quarter, compared to the consensus estimate of $516.52 million. Piper Sandler Companies had a return on equity of 22.50% and a net margin of 14.77%.Piper Sandler Companies’s revenue for the quarter was up 27.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.80 earnings per share.

Piper Sandler Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Tuesday, March 3rd will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, March 3rd. Piper Sandler Companies’s dividend payout ratio is 17.71%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Bank of America assumed coverage on shares of Piper Sandler Companies in a research report on Monday, January 26th. They set an “underperform” rating and a $385.00 price objective for the company. The Goldman Sachs Group raised Piper Sandler Companies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $368.00 to $386.00 in a report on Monday, November 10th. Weiss Ratings restated a “hold (c)” rating on shares of Piper Sandler Companies in a research report on Friday, January 23rd. Wolfe Research reiterated an “outperform” rating and issued a $398.00 target price on shares of Piper Sandler Companies in a research report on Wednesday, January 7th. Finally, Zacks Research raised Piper Sandler Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $389.67.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PIPR. Arete Wealth Advisors LLC raised its holdings in shares of Piper Sandler Companies by 11.8% during the fourth quarter. Arete Wealth Advisors LLC now owns 1,829 shares of the company’s stock valued at $621,000 after purchasing an additional 193 shares during the last quarter. Bridgewater Associates LP purchased a new stake in Piper Sandler Companies during the 4th quarter valued at $4,098,000. UMB Bank n.a. lifted its holdings in shares of Piper Sandler Companies by 55.2% during the 4th quarter. UMB Bank n.a. now owns 90 shares of the company’s stock valued at $31,000 after buying an additional 32 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Piper Sandler Companies by 20.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 870 shares of the company’s stock worth $298,000 after buying an additional 149 shares during the last quarter. Finally, Greenline Wealth Management LLC purchased a new position in shares of Piper Sandler Companies in the 4th quarter worth $60,000. Institutional investors and hedge funds own 72.79% of the company’s stock.

Piper Sandler Companies Company Profile

Piper Sandler Companies (NYSE: PIPR) is an investment bank and institutional securities firm that provides a range of capital markets and advisory services to corporations, institutions, municipalities and high-net-worth individuals. The firm’s core activities include investment banking and M&A advisory, underwriting and distribution of equity and debt securities, public finance, and sector-focused advisory across industries such as healthcare, energy, financial services and technology.

In addition to traditional investment banking, Piper Sandler offers equity and fixed income research, institutional sales and trading, and market-making services.