Strs Ohio Trims Stock Position in Piper Sandler Companies (NYSE:PIPR)

Strs Ohio cut its holdings in shares of Piper Sandler Companies (NYSE:PIPR) by 8.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,400 shares of the financial services provider’s stock after selling 600 shares during the quarter. Strs Ohio’s holdings in Piper Sandler Companies were worth $1,119,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Victory Capital Management Inc. raised its holdings in shares of Piper Sandler Companies by 0.9% in the 3rd quarter. Victory Capital Management Inc. now owns 7,775 shares of the financial services provider’s stock worth $1,130,000 after purchasing an additional 70 shares during the period. Oliver Luxxe Assets LLC raised its holdings in shares of Piper Sandler Companies by 4.3% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 4,203 shares of the financial services provider’s stock worth $611,000 after purchasing an additional 174 shares during the period. West Oak Capital LLC purchased a new position in shares of Piper Sandler Companies in the 4th quarter worth about $33,000. Mariner LLC raised its holdings in shares of Piper Sandler Companies by 5.2% in the 3rd quarter. Mariner LLC now owns 5,166 shares of the financial services provider’s stock worth $751,000 after purchasing an additional 256 shares during the period. Finally, Swiss National Bank raised its holdings in shares of Piper Sandler Companies by 0.8% in the 3rd quarter. Swiss National Bank now owns 39,000 shares of the financial services provider’s stock worth $5,667,000 after purchasing an additional 300 shares during the period. 72.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PIPR has been the topic of a number of research reports. JMP Securities restated 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.

Piper Sandler Companies Stock Performance

Shares of NYSE:PIPR opened at $195.60 on Wednesday. The company has a market cap of $3.47 billion, a P/E ratio of 39.60 and a beta of 1.42. Piper Sandler Companies has a one year low of $120.97 and a one year high of $202.76. The business’s 50-day simple moving average is $194.14 and its 200 day simple moving average is $187.27.

Piper Sandler Companies (NYSE:PIPR) last announced 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 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 the consensus estimate of $370.12 million. During the same period last year, the business posted $3.33 EPS. The company’s revenue was up 17.0% on a year-over-year basis. Analysts predict that Piper Sandler Companies will post 11.17 earnings per share for the current year.

Piper Sandler Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were paid a dividend of $0.60 per share. The ex-dividend date was Friday, March 1st. This represents a $2.40 dividend on an annualized basis and a yield of 1.23%. Piper Sandler Companies’s dividend payout ratio (DPR) is presently 48.58%.

Insider Buying and Selling at Piper Sandler Companies

In other Piper Sandler Companies news, President Debbra L. Schoneman sold 205 shares of the firm’s 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 sale, the president now owns 16,935 shares in the company, valued at approximately $3,218,496.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, President Debbra L. Schoneman sold 5,000 shares of Piper Sandler Companies stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $184.13, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 value of $38,960.25. Following the completion of the transaction, the president now owns 16,935 shares of the company’s stock, valued at approximately $3,218,496.75. 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 90 days. 3.00% of the stock is owned by corporate insiders.

About Piper Sandler Companies

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.