Yousif Capital Management LLC Cuts Stock Position in Piper Sandler Companies (NYSE:PIPR)

Yousif Capital Management LLC lowered its stake in Piper Sandler Companies (NYSE:PIPR) by 5.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 7,463 shares of the financial services provider’s stock after selling 470 shares during the quarter. Yousif Capital Management LLC’s holdings in Piper Sandler Companies were worth $1,305,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. North Reef Capital Management LP raised its position in shares of Piper Sandler Companies by 143.5% during the 3rd quarter. North Reef Capital Management LP now owns 245,000 shares of the financial services provider’s stock worth $35,601,000 after purchasing an additional 144,369 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Piper Sandler Companies by 48.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 54,466 shares of the financial services provider’s stock worth $7,914,000 after buying an additional 17,869 shares in the last quarter. Knights of Columbus Asset Advisors LLC raised its holdings in shares of Piper Sandler Companies by 94.6% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 32,574 shares of the financial services provider’s stock valued at $5,696,000 after acquiring an additional 15,833 shares during the last quarter. FMR LLC lifted its position in shares of Piper Sandler Companies by 10.8% in the third quarter. FMR LLC now owns 153,040 shares of the financial services provider’s stock valued at $22,238,000 after acquiring an additional 14,977 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Piper Sandler Companies by 7.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 180,658 shares of the financial services provider’s stock worth $26,251,000 after acquiring an additional 11,847 shares during the last quarter. Hedge funds and other institutional investors own 72.79% of the company’s stock.

Insider Buying and Selling

In other Piper Sandler Companies news, President Debbra L. Schoneman sold 205 shares of the stock in a transaction dated Thursday, February 29th. The shares were 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 owns 16,935 shares of the company’s stock, valued at $3,218,496.75. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, President Debbra L. Schoneman sold 205 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $190.05, for a total transaction of $38,960.25. Following the sale, the president now owns 16,935 shares of the company’s stock, valued at $3,218,496.75. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 that occurred 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 in the company, valued at $32,408,145.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 53,524 shares of company stock valued at $9,838,711. 3.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on PIPR shares. JMP Securities restated a “market perform” rating on shares of Piper Sandler Companies in a report on Tuesday, April 9th. StockNews.com upgraded shares of Piper Sandler Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th.

Piper Sandler Companies Stock Up 1.5 %

NYSE PIPR opened at $206.14 on Friday. The firm has a market cap of $3.65 billion, a PE ratio of 35.06 and a beta of 1.40. The business’s fifty day simple moving average is $194.88 and its 200-day simple moving average is $190.42. Piper Sandler Companies has a 52 week low of $120.97 and a 52 week high of $207.06.

Piper Sandler Companies (NYSE:PIPR) last released its quarterly earnings results on Friday, April 26th. The financial services provider reported $2.79 EPS for the quarter, beating the consensus estimate of $1.89 by $0.90. The firm had revenue of $335.29 million for the quarter, compared to analyst estimates of $314.97 million. Piper Sandler Companies had a net margin of 7.33% and a return on equity of 13.83%. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.35 EPS. Research analysts expect that Piper Sandler Companies will post 11.82 EPS for the current year.

Piper Sandler Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 24th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Thursday, May 23rd. Piper Sandler Companies’s payout ratio is 40.82%.

Piper Sandler Companies 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.