Piper Sandler Companies (NYSE:PIPR) Hits New 52-Week High at $193.02

Piper Sandler Companies (NYSE:PIPRGet Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $193.02 and last traded at $192.14, with a volume of 10725 shares changing hands. The stock had previously closed at $190.60.

Wall Street Analyst Weigh In

PIPR has been the topic of a number of recent analyst reports. Northland Securities lowered shares of Piper Sandler Companies from an “outperform” rating to a “market perform” rating in a research note on Tuesday, December 19th. 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 restated a “market perform” rating on shares of Piper Sandler Companies in a research note on Tuesday, April 9th. Finally, The Goldman Sachs Group upped their target price on shares of Piper Sandler Companies from $171.00 to $193.00 and gave the company a “buy” rating in a research note on Tuesday, December 19th.

View Our Latest Stock Report on PIPR

Piper Sandler Companies Trading Down 0.0 %

The firm’s 50-day moving average price is $195.12. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 38.58 and a beta of 1.42.

Piper Sandler Companies (NYSE:PIPRGet Free Report) last announced its quarterly earnings data on Friday, February 2nd. The financial services provider reported $4.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.61 by $1.42. Piper Sandler Companies had a net margin of 6.33% and a return on equity of 13.27%. The business had revenue of $457.39 million during the quarter, compared to the consensus estimate of $370.12 million. During the same quarter in the prior year, the firm earned $3.33 EPS. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. On average, sell-side analysts predict that Piper Sandler Companies will post 11.17 EPS for the current year.

Piper Sandler Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend was Friday, March 1st. Piper Sandler Companies’s dividend payout ratio (DPR) is 48.58%.

Insiders Place Their Bets

In other Piper Sandler Companies news, President Debbra L. Schoneman sold 4,795 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $190.72, for a total value of $914,502.40. Following the completion of the transaction, the president now owns 12,140 shares in the company, valued at approximately $2,315,340.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, President Debbra L. Schoneman sold 4,795 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the president now owns 12,140 shares in the company, valued at approximately $2,315,340.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan J. Doyle sold 2,013 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $179.79, for a total transaction of $361,917.27. Following the completion of the sale, the insider now owns 166,214 shares of the company’s stock, valued at approximately $29,883,615.06. The disclosure for this sale can be found here. In the last 90 days, insiders sold 53,524 shares of company stock worth $9,838,711. Insiders own 3.30% of the company’s stock.

Institutional Investors Weigh In On Piper Sandler Companies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PIPR. Advisor Group Holdings Inc. lifted its position in Piper Sandler Companies by 29.8% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,924 shares of the financial services provider’s stock worth $253,000 after buying an additional 442 shares in the last quarter. Raymond James & Associates lifted its stake in shares of Piper Sandler Companies by 1.5% in the 1st quarter. Raymond James & Associates now owns 28,505 shares of the financial services provider’s stock valued at $3,741,000 after purchasing an additional 416 shares during the last quarter. Citigroup Inc. lifted its stake in shares of Piper Sandler Companies by 15.8% in the 1st quarter. Citigroup Inc. now owns 15,413 shares of the financial services provider’s stock valued at $2,023,000 after purchasing an additional 2,101 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Piper Sandler Companies by 5.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,926 shares of the financial services provider’s stock valued at $383,000 after purchasing an additional 148 shares during the last quarter. Finally, Natixis Advisors L.P. lifted its stake in shares of Piper Sandler Companies by 7.3% in the 1st quarter. Natixis Advisors L.P. now owns 11,566 shares of the financial services provider’s stock valued at $1,518,000 after purchasing an additional 787 shares during the last quarter. Hedge funds and other institutional investors own 72.79% of the company’s stock.

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.

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