Vise Technologies Inc. Acquires Shares of 1,878 Piper Sandler Companies (NYSE:PIPR)

Vise Technologies Inc. acquired a new stake in Piper Sandler Companies (NYSE:PIPRFree Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,878 shares of the financial services provider’s stock, valued at approximately $328,000.

Several other large investors also recently added to or reduced their stakes in PIPR. North Reef Capital Management LP lifted its position in shares of Piper Sandler Companies by 143.5% in the 3rd quarter. North Reef Capital Management LP now owns 245,000 shares of the financial services provider’s stock worth $35,601,000 after purchasing an additional 144,369 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Piper Sandler Companies by 48.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 54,466 shares of the financial services provider’s stock worth $7,914,000 after purchasing an additional 17,869 shares during the period. Knights of Columbus Asset Advisors LLC raised its stake in shares of Piper Sandler Companies by 94.6% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 32,574 shares of the financial services provider’s stock worth $5,696,000 after acquiring an additional 15,833 shares in the last quarter. FMR LLC raised its stake in shares of Piper Sandler Companies by 10.8% during the 3rd quarter. FMR LLC now owns 153,040 shares of the financial services provider’s stock worth $22,238,000 after acquiring an additional 14,977 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Piper Sandler Companies by 7.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 180,658 shares of the financial services provider’s stock worth $26,251,000 after acquiring an additional 11,847 shares in the last quarter. 72.79% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Piper Sandler Companies

In other news, President Debbra L. Schoneman sold 4,795 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $190.72, for a total value of $914,502.40. Following the sale, the president now owns 12,140 shares in the company, valued at $2,315,340.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, President Debbra L. Schoneman sold 3,555 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $184.84, for a total transaction of $657,106.20. Following the sale, the president now directly owns 11,518 shares of the company’s stock, valued at $2,128,987.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Debbra L. Schoneman sold 4,795 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $190.72, for a total transaction of $914,502.40. Following the sale, the president now directly owns 12,140 shares in the company, valued at $2,315,340.80. The disclosure for this sale can be found here. Insiders have sold 10,125 shares of company stock worth $1,942,059 over the last 90 days. 3.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently commented on PIPR. StockNews.com upgraded shares of Piper Sandler Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. JMP Securities reiterated a “market perform” rating on shares of Piper Sandler Companies in a research note on Tuesday, April 9th.

Get Our Latest Stock Analysis on Piper Sandler Companies

Piper Sandler Companies Price Performance

Piper Sandler Companies stock traded up $1.58 during mid-day trading on Wednesday, reaching $212.99. 55,300 shares of the company traded hands, compared to its average volume of 96,238. Piper Sandler Companies has a fifty-two week low of $123.90 and a fifty-two week high of $214.94. The company has a market capitalization of $3.77 billion, a price-to-earnings ratio of 36.22 and a beta of 1.40. The firm’s fifty day moving average is $198.46 and its two-hundred day moving average is $193.57.

Piper Sandler Companies (NYSE:PIPRGet Free Report) last issued its quarterly earnings results on Friday, April 26th. The financial services provider reported $2.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.90. Piper Sandler Companies had a net margin of 7.33% and a return on equity of 13.65%. The business had revenue of $335.29 million for the quarter, compared to analyst estimates of $314.97 million. During the same quarter in the prior year, the business posted $2.35 EPS. Piper Sandler Companies’s revenue for the quarter was up 15.5% compared to the same quarter last year. As a group, equities research analysts predict that Piper Sandler Companies will post 11.82 earnings per share for the current year.

Piper Sandler Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 24th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.13%. Piper Sandler Companies’s payout ratio is currently 40.82%.

Piper Sandler Companies Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Piper Sandler Companies (NYSE:PIPR)

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