Yousif Capital Management LLC Has $1.31 Million Holdings in Piper Sandler Companies (NYSE:PIPR)

Yousif Capital Management LLC decreased its holdings in shares of Piper Sandler Companies (NYSE:PIPR) by 5.9% in the 4th quarter, Holdings Channel reports. The fund owned 7,463 shares of the financial services provider’s stock after selling 470 shares during the period. Yousif Capital Management LLC’s holdings in Piper Sandler Companies were worth $1,305,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PIPR. GAMMA Investing LLC acquired a new position in shares of Piper Sandler Companies during the fourth quarter worth $29,000. West Oak Capital LLC bought a new position in Piper Sandler Companies in the fourth quarter valued at about $33,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Piper Sandler Companies during the third quarter valued at about $201,000. Obermeyer Wood Investment Counsel Lllp bought a new stake in shares of Piper Sandler Companies during the third quarter worth about $213,000. Finally, V Wealth Advisors LLC acquired a new position in shares of Piper Sandler Companies in the third quarter valued at approximately $218,000. Institutional investors own 72.79% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Chad R. Abraham sold 11,307 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $180.18, for a total value of $2,037,295.26. Following the transaction, the chief executive officer now directly owns 24,116 shares of the company’s stock, valued at approximately $4,345,220.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Chad R. Abraham sold 11,307 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $180.18, for a total transaction of $2,037,295.26. Following the completion of the sale, the chief executive officer now owns 24,116 shares of the company’s stock, valued at approximately $4,345,220.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Debbra L. Schoneman sold 5,000 shares of Piper Sandler Companies stock in a transaction on 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 sale, the president now owns 48,083 shares of the company’s stock, valued at approximately $8,853,522.79. The disclosure for this sale can be found here. In the last ninety days, insiders sold 53,524 shares of company stock worth $9,838,711. Company insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. JMP Securities reissued 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 report on Wednesday, February 28th.

Piper Sandler Companies Price Performance

Shares of PIPR opened at $206.14 on Friday. The business has a 50-day moving average of $194.88 and a 200-day moving average of $190.42. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 35.06 and a beta of 1.40. Piper Sandler Companies has a 1 year low of $120.97 and a 1 year high of $207.06.

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

Piper Sandler Companies Dividend Announcement

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

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.