Insider Selling: Piper Sandler Companies (NYSE:PIPR) President Sells 1,022 Shares of Stock

Piper Sandler Companies (NYSE:PIPRGet Free Report) President Debbra L. Schoneman sold 1,022 shares of Piper Sandler Companies stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $213.27, for a total value of $217,961.94. Following the completion of the transaction, the president now directly owns 43,083 shares in the company, valued at $9,188,311.41. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Piper Sandler Companies Price Performance

Shares of PIPR traded up $0.83 on Tuesday, reaching $215.50. 57,400 shares of the stock traded hands, compared to its average volume of 95,109. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of 36.65 and a beta of 1.40. Piper Sandler Companies has a 12 month low of $124.46 and a 12 month high of $216.50. The stock’s 50-day moving average price is $202.00 and its 200-day moving average price is $195.41.

Piper Sandler Companies (NYSE:PIPRGet Free Report) last released its quarterly earnings data 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 return on equity of 13.65% and a net margin of 7.33%. The business had revenue of $335.29 million for the quarter, compared to analysts’ expectations of $314.97 million. During the same period in the previous year, the business posted $2.35 earnings per share. Piper Sandler Companies’s quarterly revenue was up 15.5% on a year-over-year basis. As a group, equities research analysts forecast that Piper Sandler Companies will post 11.82 earnings per share for the current fiscal year.

Piper Sandler Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 24th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Thursday, May 23rd. Piper Sandler Companies’s dividend payout ratio (DPR) is 40.82%.

Analyst Upgrades and Downgrades

Several research analysts have commented on PIPR shares. StockNews.com raised Piper Sandler Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th. JMP Securities restated a “market perform” rating on shares of Piper Sandler Companies in a research report on Tuesday, April 9th.

Read Our Latest Report on PIPR

Institutional Trading of Piper Sandler Companies

A number of large investors have recently bought and sold shares of PIPR. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Piper Sandler Companies by 16.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,517 shares of the financial services provider’s stock valued at $511,000 after acquiring an additional 507 shares during the period. Victory Capital Management Inc. boosted its stake in Piper Sandler Companies by 0.9% in the third quarter. Victory Capital Management Inc. now owns 7,775 shares of the financial services provider’s stock worth $1,130,000 after purchasing an additional 70 shares in the last quarter. Illinois Municipal Retirement Fund acquired a new position in Piper Sandler Companies in the third quarter worth $1,264,000. Jump Financial LLC acquired a new position in Piper Sandler Companies in the third quarter worth $967,000. Finally, New York State Common Retirement Fund boosted its stake in Piper Sandler Companies by 10.2% in the third quarter. New York State Common Retirement Fund now owns 7,642 shares of the financial services provider’s stock worth $1,110,000 after purchasing an additional 705 shares in the last quarter. 72.79% of the stock is currently owned by institutional investors.

Piper Sandler Companies Company Profile

(Get 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.

Further Reading

Insider Buying and Selling by Quarter for Piper Sandler Companies (NYSE:PIPR)

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