Piper Sandler Companies (NYSE:PIPR) Shares Acquired by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC lifted its position in shares of Piper Sandler Companies (NYSE:PIPR) by 1.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,954 shares of the financial services provider’s stock after acquiring an additional 62 shares during the period. Oliver Luxxe Assets LLC’s holdings in Piper Sandler Companies were worth $1,182,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. TFO Wealth Partners LLC raised its position in shares of Piper Sandler Companies by 172,500.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,726 shares of the financial services provider’s stock valued at $302,000 after acquiring an additional 1,725 shares in the last quarter. 1492 Capital Management LLC increased its position in Piper Sandler Companies by 1.1% in the fourth quarter. 1492 Capital Management LLC now owns 6,399 shares of the financial services provider’s stock worth $1,119,000 after buying an additional 68 shares during the period. Vanguard Group Inc. increased its position in 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 buying an additional 9,030 shares during the period. Truist Financial Corp increased its position in Piper Sandler Companies by 3.7% in the fourth quarter. Truist Financial Corp now owns 27,772 shares of the financial services provider’s stock worth $4,856,000 after buying an additional 999 shares during the period. Finally, GAMMA Investing LLC acquired a new stake in Piper Sandler Companies in the fourth quarter worth $29,000. 72.79% of the stock is owned by institutional investors and hedge funds.

Piper Sandler Companies Stock Up 1.2 %

Shares of NYSE:PIPR traded up $2.77 on Monday, hitting $232.94. The company’s stock had a trading volume of 74,544 shares, compared to its average volume of 96,081. Piper Sandler Companies has a 12 month low of $124.46 and a 12 month high of $233.24. The firm has a market capitalization of $4.12 billion, a P/E ratio of 39.22 and a beta of 1.41. The company’s 50-day moving average price is $211.37.

Piper Sandler Companies (NYSE:PIPR) last released its quarterly earnings results on Friday, April 26th. The financial services provider reported $2.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.90. Piper Sandler Companies had a return on equity of 13.65% and a net margin of 7.33%. The company had revenue of $335.29 million during the quarter, compared to analysts’ expectations of $314.97 million. During the same quarter in the prior year, the business posted $2.35 earnings per share. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. On average, equities research analysts expect that Piper Sandler Companies will post 11.82 earnings per share for the current year.

Piper Sandler Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 24th were paid a $0.60 dividend. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $2.40 annualized dividend and a dividend yield of 1.03%. Piper Sandler Companies’s payout ratio is 40.82%.

Insider Transactions at Piper Sandler Companies

In related news, President Debbra L. Schoneman sold 1,022 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $213.27, for a total transaction of $217,961.94. Following the completion of the transaction, the president now owns 43,083 shares of the company’s stock, valued at $9,188,311.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, President Debbra L. Schoneman sold 3,978 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $212.29, for a total transaction of $844,489.62. Following the completion of the transaction, the president now owns 44,105 shares of the company’s stock, valued at $9,363,050.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Debbra L. Schoneman sold 1,022 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $213.27, for a total value of $217,961.94. Following the transaction, the president now directly owns 43,083 shares of the company’s stock, valued at approximately $9,188,311.41. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,570 shares of company stock valued at $1,393,941. 3.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, JMP Securities reaffirmed a “market perform” rating on shares of Piper Sandler Companies in a research report on Tuesday, June 11th.

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.