Piper Sandler Companies $PIPR Shares Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Piper Sandler Companies (NYSE:PIPR) by 63.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,084 shares of the company’s stock after acquiring an additional 9,305 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.14% of Piper Sandler Companies worth $8,357,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. First Citizens Bank & Trust Co. grew its stake in Piper Sandler Companies by 195.3% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 2,658 shares of the company’s stock valued at $739,000 after acquiring an additional 1,758 shares during the period. American Century Companies Inc. grew its stake in Piper Sandler Companies by 1,155.7% during the 2nd quarter. American Century Companies Inc. now owns 200,149 shares of the company’s stock valued at $55,630,000 after acquiring an additional 184,210 shares in the last quarter. Fluent Financial LLC purchased a new stake in shares of Piper Sandler Companies in the second quarter valued at about $1,755,000. Calamos Advisors LLC lifted its position in Piper Sandler Companies by 93.7% in the third quarter. Calamos Advisors LLC now owns 6,147 shares of the company’s stock valued at $2,133,000 after buying an additional 2,973 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of Piper Sandler Companies by 9.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 9,789 shares of the company’s stock valued at $2,720,000 after acquiring an additional 868 shares during the period.

Piper Sandler Companies Stock Performance

Shares of PIPR traded up $353.17 during trading hours on Monday, hitting $353.17.

Piper Sandler Companies (NYSE:PIPR) last announced its quarterly earnings data on Friday, October 31st. The company reported $3.82 EPS for the quarter, topping analysts’ consensus estimates of $2.96 by $0.86. The company had revenue of $455.31 million for the quarter, compared to analyst estimates of $408.40 million. The firm’s revenue for the quarter was up 33.3% on a year-over-year basis. During the same period last year, the firm earned $2.57 earnings per share.

Piper Sandler Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Tuesday, November 25th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, November 25th.

Insider Buying and Selling

In other Piper Sandler Companies news, President Debbra L. Schoneman sold 2,500 shares of Piper Sandler Companies stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $330.33, for a total value of $825,825.00. Following the sale, the president directly owned 2,896 shares in the company, valued at approximately $956,635.68. The trade was a 46.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Chad R. Abraham sold 4,400 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $337.60, for a total value of $1,485,440.00. Following the completion of the transaction, the chief executive officer owned 53,558 shares of the company’s stock, valued at $18,081,180.80. The trade was a 7.59% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 11,267 shares of company stock valued at $3,763,746.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PIPR. Wall Street Zen upgraded Piper Sandler Companies from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Piper Sandler Companies in a research note on Wednesday, October 8th. Wolfe Research reiterated an “outperform” rating and set a $398.00 price target on shares of Piper Sandler Companies in a report on Wednesday, January 7th. The Goldman Sachs Group raised Piper Sandler Companies from a “neutral” rating to a “buy” rating and upped their price target for the company from $368.00 to $386.00 in a report on Monday, November 10th. Finally, Bank of America assumed coverage on Piper Sandler Companies in a research note on Monday. They issued an “underperform” rating and a $385.00 price objective for the company. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $389.67.

Piper Sandler Companies Company Profile

Piper Sandler Companies (NYSE: PIPR) is an investment bank and institutional securities firm that provides a range of capital markets and advisory services to corporations, institutions, municipalities and high-net-worth individuals. The firm’s core activities include investment banking and M&A advisory, underwriting and distribution of equity and debt securities, public finance, and sector-focused advisory across industries such as healthcare, energy, financial services and technology.

In addition to traditional investment banking, Piper Sandler offers equity and fixed income research, institutional sales and trading, and market-making services.