Piper Sandler Companies (PIPR) Scheduled to Post Quarterly Earnings on Friday

Piper Sandler Companies (NYSE:PIPR) is scheduled to be posting its quarterly earnings results before the market opens on Friday, April 26th. Analysts expect Piper Sandler Companies to post earnings of $1.89 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Piper Sandler Companies (NYSE:PIPR) last announced its quarterly earnings results on Friday, February 2nd. The financial services provider reported $4.03 EPS for the quarter, topping the consensus estimate 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 business had revenue of $457.39 million for the quarter, compared to analyst estimates of $370.12 million. During the same quarter in the previous year, the company earned $3.33 EPS. The company’s quarterly revenue was up 17.0% on a year-over-year basis.

Piper Sandler Companies Price Performance

Shares of Piper Sandler Companies stock opened at $183.84 on Friday. Piper Sandler Companies has a 1 year low of $120.97 and a 1 year high of $202.76. The company has a market capitalization of $3.26 billion, a P/E ratio of 37.21 and a beta of 1.42. The business has a 50 day moving average price of $194.11 and a 200 day moving average price of $186.21.

Piper Sandler Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors 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 1.31%. Piper Sandler Companies’s dividend payout ratio is currently 48.58%.

Analyst Ratings Changes

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

Insider Transactions at Piper Sandler Companies

In other news, insider Jonathan J. Doyle sold 19,987 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $183.90, for a total transaction of $3,675,609.30. Following the completion of the sale, the insider now directly owns 176,227 shares in the company, valued at approximately $32,408,145.30. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, President Debbra L. Schoneman sold 4,795 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $190.72, for a total transaction of $914,502.40. Following the completion of the sale, the president now directly owns 12,140 shares of the company’s stock, valued at approximately $2,315,340.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jonathan J. Doyle sold 19,987 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $183.90, for a total transaction of $3,675,609.30. Following the sale, the insider now directly owns 176,227 shares of the company’s stock, valued at $32,408,145.30. The disclosure for this sale can be found here. Insiders sold a total of 53,524 shares of company stock worth $9,838,711 in the last ninety days. Insiders own 3.32% of the company’s stock.

Hedge Funds Weigh In On Piper Sandler Companies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PIPR. Steward Partners Investment Advisory LLC boosted its position in 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 buying an additional 174 shares during the last quarter. Belpointe Asset Management LLC boosted its position in 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 buying an additional 138 shares during the last quarter. Stephens Inc. AR boosted its position in Piper Sandler Companies by 706.0% in the 2nd quarter. Stephens Inc. AR now owns 403 shares of the financial services provider’s stock valued at $52,000 after buying an additional 353 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Piper Sandler Companies by 275.4% in the 1st quarter. Tower Research Capital LLC TRC now owns 518 shares of the financial services provider’s stock valued at $72,000 after buying an additional 380 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY boosted its position in Piper Sandler Companies by 8.2% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 1,093 shares of the financial services provider’s stock valued at $142,000 after buying an additional 83 shares during the last quarter. 72.79% of the stock is owned by hedge funds and other institutional investors.

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.