Knights of Columbus Asset Advisors LLC Purchases 15,833 Shares of Piper Sandler Companies (NYSE:PIPR)

Knights of Columbus Asset Advisors LLC lifted its holdings in Piper Sandler Companies (NYSE:PIPR) by 94.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 32,574 shares of the financial services provider’s stock after purchasing an additional 15,833 shares during the period. Knights of Columbus Asset Advisors LLC owned about 0.18% of Piper Sandler Companies worth $5,696,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in PIPR. Louisiana State Employees Retirement System purchased a new stake in Piper Sandler Companies in the fourth quarter worth about $1,312,000. Cerity Partners LLC purchased a new stake in Piper Sandler Companies in the 4th quarter worth approximately $218,000. Parcion Private Wealth LLC bought a new stake in Piper Sandler Companies during the 4th quarter worth approximately $240,000. West Oak Capital LLC purchased a new position in Piper Sandler Companies during the fourth quarter valued at approximately $33,000. Finally, Vanguard Group Inc. boosted its position in shares of Piper Sandler Companies by 0.5% in the third quarter. Vanguard Group Inc. now owns 1,935,235 shares of the financial services provider’s stock worth $281,209,000 after purchasing an additional 9,030 shares during the period. 72.79% of the stock is currently owned by institutional investors.

Piper Sandler Companies Stock Up 1.0 %

Piper Sandler Companies stock opened at $185.77 on Friday. The company’s 50-day moving average price is $193.89 and its 200-day moving average price is $186.48. The company has a market cap of $3.29 billion, a PE ratio of 37.61 and a beta of 1.42. Piper Sandler Companies has a twelve month low of $120.97 and a twelve month high of $202.76.

Piper Sandler Companies (NYSE:PIPR) last issued its quarterly earnings data on Friday, February 2nd. The financial services provider reported $4.03 earnings per share 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 company had revenue of $457.39 million for the quarter, compared to analysts’ expectations of $370.12 million. During the same period in the previous year, the firm posted $3.33 earnings per share. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. As a group, sell-side analysts expect that Piper Sandler Companies will post 11.17 earnings per share for the current fiscal year.

Piper Sandler Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were issued a $0.60 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $2.40 annualized dividend and a dividend yield of 1.29%. Piper Sandler Companies’s dividend payout ratio (DPR) is presently 48.58%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PIPR. StockNews.com raised shares of Piper Sandler Companies from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th. JMP Securities reaffirmed a “market perform” rating on shares of Piper Sandler Companies in a report on Tuesday, April 9th.

Insider Buying and Selling

In other Piper Sandler Companies news, President Debbra L. Schoneman sold 4,795 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $190.72, for a total value of $914,502.40. Following the completion of the sale, the president now owns 12,140 shares of the company’s stock, valued at $2,315,340.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, President Debbra L. Schoneman sold 4,795 shares of the business’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 $2,315,340.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Debbra L. Schoneman sold 205 shares of the firm’s stock in a transaction dated 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 approximately $3,218,496.75. 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. Company insiders own 3.32% of the company’s stock.

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.