Piper Sandler Companies (NYSE:PIPR) Hits New 52-Week High at $207.06

Piper Sandler Companies (NYSE:PIPR)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $207.06 and last traded at $210.00, with a volume of 5081 shares traded. The stock had previously closed at $206.14.

Analyst Upgrades and Downgrades

Several equities 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 Piper Sandler Companies from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th.

Piper Sandler Companies Price Performance

The business’s 50 day simple moving average is $194.88. The company has a market cap of $3.72 billion, a P/E ratio of 35.71 and a beta of 1.40.

Piper Sandler Companies (NYSE:PIPR) last announced its earnings results on Friday, April 26th. The financial services provider reported $2.79 EPS for the quarter, topping the consensus estimate of $1.89 by $0.90. The firm had revenue of $335.29 million for 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 business’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.35 EPS. As a group, research analysts forecast that Piper Sandler Companies will post 11.82 earnings per share for the current fiscal year.

Piper Sandler Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders 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 1.14%. The ex-dividend date is Thursday, May 23rd. Piper Sandler Companies’s dividend payout ratio is presently 40.82%.

Insider Transactions at Piper Sandler Companies

In related news, President Debbra L. Schoneman sold 3,555 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $184.84, for a total value of $657,106.20. Following the sale, the president now owns 11,518 shares of the company’s stock, valued at approximately $2,128,987.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, President Debbra L. Schoneman sold 3,555 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $184.84, for a total value of $657,106.20. Following the completion of the transaction, the president now owns 11,518 shares in the company, valued at $2,128,987.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Debbra L. Schoneman sold 4,795 shares of Piper Sandler Companies stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $190.72, for a total value of $914,502.40. Following the sale, the president now directly owns 12,140 shares of the company’s stock, valued at $2,315,340.80. The disclosure for this sale can be found here. In the last three months, insiders sold 21,875 shares of company stock valued at $4,009,781. Company insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Piper Sandler Companies

Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC bought a new stake in shares of Piper Sandler Companies during the 4th quarter valued at $29,000. Parallel Advisors LLC lifted its position in Piper Sandler Companies by 62.1% during the fourth quarter. Parallel Advisors LLC now owns 167 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 64 shares during the period. West Oak Capital LLC bought a new stake in Piper Sandler Companies during the 4th quarter worth $33,000. Mather Group LLC. acquired a new position in Piper Sandler Companies in the 1st quarter worth about $64,000. Finally, Quadrant Capital Group LLC raised its position in Piper Sandler Companies by 21.1% in the fourth quarter. Quadrant Capital Group LLC now owns 460 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 80 shares during the last quarter. 72.79% of the stock is currently owned by institutional investors.

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.