Piper Sandler Companies $PIPR Shares Purchased by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC boosted its stake in Piper Sandler Companies (NYSE:PIPR) by 47.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 15,960 shares of the company’s stock after purchasing an additional 5,150 shares during the period. Piper Sandler Companies comprises approximately 1.4% of Lisanti Capital Growth LLC’s portfolio, making the stock its 28th largest position. Lisanti Capital Growth LLC owned 0.09% of Piper Sandler Companies worth $5,538,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Whittier Trust Co. purchased a new stake in shares of Piper Sandler Companies in the 3rd quarter valued at approximately $31,000. CENTRAL TRUST Co acquired a new position in shares of Piper Sandler Companies in the second quarter valued at approximately $28,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Piper Sandler Companies during the second quarter worth about $31,000. Salomon & Ludwin LLC acquired a new position in Piper Sandler Companies during the third quarter worth $41,000. Finally, Geneos Wealth Management Inc. grew its position in Piper Sandler Companies by 46.6% during the first quarter. Geneos Wealth Management Inc. now owns 170 shares of the company’s stock worth $42,000 after buying an additional 54 shares during the period. 72.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PIPR. The Goldman Sachs Group upgraded Piper Sandler Companies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $368.00 to $386.00 in a research report on Monday, November 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Piper Sandler Companies in a report on Friday, January 23rd. Wall Street Zen downgraded shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a research note on Saturday. Zacks Research downgraded shares of Piper Sandler Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Finally, Wolfe Research reiterated an “outperform” rating and set a $398.00 price objective on shares of Piper Sandler Companies in a research note on Wednesday, January 7th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Piper Sandler Companies has an average rating of “Hold” and an average target price of $389.67.

Piper Sandler Companies Trading Down 0.5%

Shares of NYSE:PIPR opened at $345.72 on Friday. Piper Sandler Companies has a twelve month low of $202.91 and a twelve month high of $380.26. The firm has a market cap of $6.12 billion, a P/E ratio of 26.05, a P/E/G ratio of 1.12 and a beta of 1.54. The company has a 50 day moving average of $349.18 and a 200-day moving average of $337.64.

Piper Sandler Companies (NYSE:PIPR) last released its earnings results on Friday, October 31st. The company reported $3.82 EPS for the quarter, topping analysts’ consensus estimates of $2.96 by $0.86. The business had revenue of $455.31 million for the quarter, compared to the consensus estimate of $408.40 million. Piper Sandler Companies had a net margin of 13.73% and a return on equity of 19.91%. The business’s revenue for the quarter was up 33.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.57 EPS.

Insider Transactions at Piper Sandler Companies

In related news, CFO Katherine Patricia Clune sold 1,367 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $324.69, for a total value of $443,851.23. Following the completion of the transaction, the chief financial officer directly owned 10,425 shares of the company’s stock, valued at $3,384,893.25. This trade represents a 11.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Chad R. Abraham sold 4,400 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $337.60, for a total transaction of $1,485,440.00. Following the transaction, the chief executive officer directly owned 53,558 shares of the company’s stock, valued at $18,081,180.80. The trade was a 7.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 11,267 shares of company stock worth $3,763,746 over the last three months. 2.70% of the stock is currently owned by insiders.

About Piper Sandler Companies

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.