Piper Sandler Companies (NYSE:PIPR) President Debbra L. Schoneman Sells 3,978 Shares

Piper Sandler Companies (NYSE:PIPRGet Free Report) President Debbra L. Schoneman sold 3,978 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $212.29, for a total value of $844,489.62. Following the completion of the sale, the president now owns 44,105 shares in the company, valued at $9,363,050.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Piper Sandler Companies Stock Performance

Shares of NYSE PIPR traded up $0.83 during trading on Tuesday, hitting $215.50. The company had a trading volume of 57,400 shares, compared to its average volume of 95,109. The company has a market cap of $3.81 billion, a P/E ratio of 36.65 and a beta of 1.40. The business’s 50-day moving average is $202.00 and its 200 day moving average is $195.41. Piper Sandler Companies has a 52 week low of $124.46 and a 52 week high of $216.50.

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

Piper Sandler Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 24th will be given a dividend of $0.60 per share. 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 payout ratio is presently 40.82%.

Wall Street Analyst Weigh In

PIPR has been the topic of a number of research analyst reports. JMP Securities reissued a “market perform” rating on shares of Piper Sandler Companies in a report on Tuesday, April 9th. StockNews.com raised Piper Sandler Companies from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th.

Get Our Latest Stock Report on PIPR

Hedge Funds Weigh In On Piper Sandler Companies

Several hedge funds have recently bought and sold shares of PIPR. GAMMA Investing LLC acquired a new position in shares of Piper Sandler Companies during the fourth quarter valued at about $29,000. Parallel Advisors LLC grew its holdings in shares of Piper Sandler Companies by 62.1% in the 4th quarter. Parallel Advisors LLC now owns 167 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 64 shares during the last quarter. West Oak Capital LLC bought a new position in shares of Piper Sandler Companies in the fourth quarter valued at approximately $33,000. Mather Group LLC. acquired a new stake in Piper Sandler Companies during the 1st quarter valued at $64,000. Finally, Quadrant Capital Group LLC boosted its stake in Piper Sandler Companies by 21.1% in the fourth quarter. Quadrant Capital Group LLC now owns 460 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 80 shares in the last quarter. 72.79% of the stock is owned by institutional investors and hedge funds.

About Piper Sandler Companies

(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.

Featured Stories

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

Receive News & Ratings for Piper Sandler Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Piper Sandler Companies and related companies with MarketBeat.com's FREE daily email newsletter.