SG Americas Securities LLC Raises Stock Position in Piper Sandler Companies (NYSE:PIPR)

SG Americas Securities LLC lifted its stake in shares of Piper Sandler Companies (NYSE:PIPRGet Rating) by 119.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,329 shares of the company’s stock after acquiring an additional 2,897 shares during the quarter. SG Americas Securities LLC’s holdings in Piper Sandler Companies were worth $558,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of PIPR. Arizona State Retirement System increased its holdings in Piper Sandler Companies by 2.0% during the second quarter. Arizona State Retirement System now owns 4,928 shares of the company’s stock valued at $559,000 after buying an additional 95 shares during the period. New York State Teachers Retirement System increased its holdings in Piper Sandler Companies by 0.3% during the second quarter. New York State Teachers Retirement System now owns 35,202 shares of the company’s stock valued at $3,990,000 after buying an additional 100 shares during the period. Truist Financial Corp increased its holdings in Piper Sandler Companies by 0.4% during the third quarter. Truist Financial Corp now owns 26,449 shares of the company’s stock valued at $2,771,000 after buying an additional 107 shares during the period. Maryland State Retirement & Pension System increased its holdings in Piper Sandler Companies by 2.0% during the second quarter. Maryland State Retirement & Pension System now owns 5,767 shares of the company’s stock valued at $654,000 after buying an additional 113 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in Piper Sandler Companies by 1.8% during the second quarter. Janney Montgomery Scott LLC now owns 6,980 shares of the company’s stock valued at $804,000 after buying an additional 126 shares during the period. 64.00% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Piper Sandler Companies

In other news, insider Jonathan J. Doyle sold 5,000 shares of Piper Sandler Companies stock in a transaction on Thursday, December 22nd. The shares were sold at an average price of $133.19, for a total transaction of $665,950.00. Following the completion of the sale, the insider now directly owns 247,870 shares in the company, valued at $33,013,805.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.32% of the company’s stock.

Piper Sandler Companies Price Performance

Shares of PIPR opened at $139.16 on Tuesday. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 12.90 and a beta of 1.42. Piper Sandler Companies has a twelve month low of $102.60 and a twelve month high of $168.65. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.10. The company has a 50 day moving average of $139.19 and a two-hundred day moving average of $125.62.

Piper Sandler Companies (NYSE:PIPRGet Rating) last announced its earnings results on Friday, October 28th. The company reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.24. The company had revenue of $331.75 million during the quarter, compared to the consensus estimate of $321.60 million. Piper Sandler Companies had a net margin of 11.03% and a return on equity of 23.87%. Piper Sandler Companies’s revenue was down 25.5% compared to the same quarter last year. During the same period last year, the firm earned $4.55 earnings per share. As a group, analysts predict that Piper Sandler Companies will post 10.13 earnings per share for the current fiscal year.

Piper Sandler Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 9th. Stockholders of record on Wednesday, November 23rd were paid a dividend of $0.60 per share. The ex-dividend date was Tuesday, November 22nd. This represents a $2.40 annualized dividend and a dividend yield of 1.72%. Piper Sandler Companies’s payout ratio is currently 22.24%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Northland Securities lifted their price objective on shares of Piper Sandler Companies to $135.00 in a report on Tuesday, November 1st. JMP Securities cut their price objective on shares of Piper Sandler Companies from $178.00 to $160.00 and set a “market outperform” rating on the stock in a report on Tuesday, January 10th. Finally, StockNews.com initiated coverage on shares of Piper Sandler Companies in a research note on Wednesday, October 12th. They issued a “hold” rating for the company.

About Piper Sandler Companies

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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. The company offers investment banking and institutional sales, trading, and research services for various equity and fixed income products.

See Also

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

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