Piper Sandler Companies (NYSE:PIPR) Stock Holdings Lessened by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its holdings in Piper Sandler Companies (NYSE:PIPR) by 11.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,311 shares of the financial services provider’s stock after selling 805 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Piper Sandler Companies were worth $1,104,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. BlackRock Inc. lifted its position in shares of Piper Sandler Companies by 0.5% in the 1st quarter. BlackRock Inc. now owns 2,494,228 shares of the financial services provider’s stock worth $327,369,000 after buying an additional 11,450 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Piper Sandler Companies by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,935,235 shares of the financial services provider’s stock worth $281,209,000 after acquiring an additional 9,030 shares during the period. State Street Corp increased its holdings in shares of Piper Sandler Companies by 4.1% in the 2nd quarter. State Street Corp now owns 595,959 shares of the financial services provider’s stock worth $77,034,000 after acquiring an additional 23,704 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Piper Sandler Companies by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 485,318 shares of the financial services provider’s stock worth $63,700,000 after acquiring an additional 1,895 shares during the period. Finally, Stephens Investment Management Group LLC increased its holdings in shares of Piper Sandler Companies by 2.4% in the 2nd quarter. Stephens Investment Management Group LLC now owns 446,773 shares of the financial services provider’s stock worth $57,750,000 after acquiring an additional 10,433 shares during the period. 72.79% of the stock is currently owned by institutional investors.

Piper Sandler Companies Trading Down 1.8 %

Piper Sandler Companies stock opened at $187.13 on Tuesday. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 37.88 and a beta of 1.42. The company’s 50-day moving average price is $194.94 and its two-hundred day moving average price is $185.78. Piper Sandler Companies has a 52 week low of $120.97 and a 52 week high of $202.76.

Piper Sandler Companies (NYSE:PIPR) last released its earnings results on Friday, February 2nd. The financial services provider reported $4.03 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $457.39 million for the quarter, compared to analysts’ expectations of $370.12 million. During the same quarter last year, the company earned $3.33 EPS. Piper Sandler Companies’s quarterly revenue was up 17.0% on a year-over-year basis. Research analysts expect that Piper Sandler Companies will post 11.17 earnings per share for the current fiscal year.

Piper Sandler Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were given a dividend of $0.60 per share. The ex-dividend date was Friday, March 1st. This represents a $2.40 annualized dividend and a dividend yield of 1.28%. Piper Sandler Companies’s dividend payout ratio (DPR) is 48.58%.

Insider Activity

In other news, President Debbra L. Schoneman sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $184.13, for a total transaction of $920,650.00. Following the completion of the transaction, the president now owns 48,083 shares in the company, valued at approximately $8,853,522.79. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, President Debbra L. Schoneman sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $184.13, for a total transaction of $920,650.00. Following the completion of the transaction, the president now owns 48,083 shares in the company, valued at approximately $8,853,522.79. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, President Debbra L. Schoneman sold 205 shares of Piper Sandler Companies stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $190.05, for a total transaction of $38,960.25. Following the completion of the transaction, the president now directly owns 16,935 shares in the company, valued at $3,218,496.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,524 shares of company stock worth $9,838,711. Corporate insiders own 3.32% of the company’s stock.

Wall Street Analysts Forecast Growth

PIPR has been the topic of a number of analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of Piper Sandler Companies in a report on Tuesday, April 9th. Northland Securities cut shares of Piper Sandler Companies from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 19th. StockNews.com raised shares of Piper Sandler Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. Finally, The Goldman Sachs Group raised 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.

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.