Nisa Investment Advisors LLC Sells 805 Shares of Piper Sandler Companies (NYSE:PIPR)

Nisa Investment Advisors LLC lowered its position in shares of Piper Sandler Companies (NYSE:PIPR) by 11.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,311 shares of the financial services provider’s stock after selling 805 shares during the period. Nisa Investment Advisors LLC’s holdings in Piper Sandler Companies were worth $1,104,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Indiana Trust & Investment Management CO bought a new stake in Piper Sandler Companies during the third quarter worth about $26,000. DHJJ Financial Advisors Ltd. bought a new stake in shares of Piper Sandler Companies in the 3rd quarter valued at about $29,000. West Oak Capital LLC bought a new stake in shares of Piper Sandler Companies in the 4th quarter valued at about $33,000. Steward Partners Investment Advisory LLC lifted its stake in shares of Piper Sandler Companies by 328.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 227 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 174 shares during the last quarter. Finally, Belpointe Asset Management LLC lifted its stake in shares of Piper Sandler Companies by 67.0% in the 1st quarter. Belpointe Asset Management LLC now owns 344 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 138 shares during the last quarter. Institutional investors own 72.79% of the company’s stock.

Piper Sandler Companies Price Performance

Shares of NYSE:PIPR opened at $187.13 on Tuesday. Piper Sandler Companies has a 1 year low of $120.97 and a 1 year high of $202.76. The company has a market cap of $3.31 billion, a PE ratio of 37.88 and a beta of 1.42. The stock’s 50-day moving average is $194.94 and its 200 day moving average is $185.78.

Piper Sandler Companies (NYSE:PIPR) last announced its quarterly earnings results on Friday, February 2nd. The financial services provider reported $4.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.61 by $1.42. Piper Sandler Companies had a return on equity of 13.27% and a net margin of 6.33%. The company had revenue of $457.39 million for the quarter, compared to the consensus estimate of $370.12 million. During the same quarter in the previous year, the business earned $3.33 EPS. Piper Sandler Companies’s revenue was up 17.0% compared to the same quarter last year. Analysts expect that Piper Sandler Companies will post 11.17 EPS for the current fiscal year.

Piper Sandler Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $2.40 dividend on an annualized basis and a yield of 1.28%. Piper Sandler Companies’s dividend payout ratio is presently 48.58%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. StockNews.com raised Piper Sandler Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. JMP Securities reissued a “market perform” rating on shares of Piper Sandler Companies in a research note on Tuesday, April 9th. Northland Securities lowered Piper Sandler Companies from an “outperform” rating to a “market perform” rating in a research note on Tuesday, December 19th. Finally, The Goldman Sachs Group boosted their target price on Piper Sandler Companies from $171.00 to $193.00 and gave the company a “buy” rating in a research note on Tuesday, December 19th.

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 that occurred 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 transaction, the president now owns 12,140 shares in the company, valued at approximately $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 other Piper Sandler Companies news, President Debbra L. Schoneman sold 4,795 shares of the company’s stock in a transaction that occurred 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 transaction, the president now owns 12,140 shares in the company, valued at approximately $2,315,340.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jonathan J. Doyle sold 19,987 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $183.90, for a total value of $3,675,609.30. Following the transaction, the insider now owns 176,227 shares in the company, valued at approximately $32,408,145.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 53,524 shares of company stock worth $9,838,711. Company insiders own 3.32% of the company’s stock.

Piper Sandler Companies Company Profile

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.