Debbra Schoneman Sells 5,240 Shares of Piper Sandler Companies (NYSE:PIPR) Stock

Piper Sandler Companies (NYSE:PIPR) President Debbra Schoneman sold 5,240 shares of the business’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $350.99, for a total transaction of $1,839,187.60. Following the sale, the president directly owned 2,896 shares in the company, valued at $1,016,467.04. The trade was a 64.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Piper Sandler Companies Stock Up 0.6%

Shares of NYSE PIPR traded up $2.02 on Friday, reaching $323.34. 189,383 shares of the company’s stock traded hands, compared to its average volume of 156,372. The business’s 50 day simple moving average is $352.41 and its two-hundred day simple moving average is $340.06. Piper Sandler Companies has a 12 month low of $202.91 and a 12 month high of $380.26. The company has a market cap of $5.72 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 1.89 and a beta of 1.53.

Shares of Piper Sandler Companies are going to split on Tuesday, March 24th. The 4-1 split was announced on Friday, February 6th. The newly issued shares will be payable to shareholders after the closing bell on Monday, March 23rd.

Piper Sandler Companies (NYSE:PIPR) last issued its quarterly earnings results on Friday, February 6th. The company reported $6.88 earnings per share for the quarter, beating the consensus estimate of $4.72 by $2.16. The firm had revenue of $635.00 million during the quarter, compared to the consensus estimate of $516.52 million. Piper Sandler Companies had a return on equity of 22.50% and a net margin of 14.77%.The company’s revenue was up 27.4% on a year-over-year basis. During the same period last year, the company earned $4.80 earnings per share.

Piper Sandler Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Tuesday, March 3rd will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Tuesday, March 3rd. Piper Sandler Companies’s dividend payout ratio is currently 17.71%.

Analyst Ratings Changes

A number of analysts have commented on the company. Wolfe Research reissued an “outperform” rating and issued a $398.00 target price on shares of Piper Sandler Companies in a report on Wednesday, January 7th. Zacks Research upgraded Piper Sandler Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday. The Goldman Sachs Group upgraded shares of Piper Sandler Companies from a “neutral” rating to a “buy” rating and upped their target price for the company from $368.00 to $386.00 in a research note on Monday, November 10th. Wall Street Zen upgraded shares of Piper Sandler Companies from a “hold” rating to a “buy” rating in a research note on Sunday, February 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Piper Sandler Companies in a report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $389.67.

Institutional Investors Weigh In On Piper Sandler Companies

A number of hedge funds have recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Piper Sandler Companies in the 4th quarter worth about $79,239,000. American Century Companies Inc. grew its position in Piper Sandler Companies by 1,155.7% in the second quarter. American Century Companies Inc. now owns 200,149 shares of the company’s stock worth $55,630,000 after acquiring an additional 184,210 shares in the last quarter. Franklin Resources Inc. bought a new stake in Piper Sandler Companies during the second quarter worth approximately $51,021,000. Wellington Management Group LLP purchased a new stake in Piper Sandler Companies during the third quarter valued at approximately $38,425,000. Finally, Greenwich Wealth Management LLC lifted its stake in shares of Piper Sandler Companies by 415.1% in the 2nd quarter. Greenwich Wealth Management LLC now owns 104,200 shares of the company’s stock valued at $28,961,000 after purchasing an additional 83,971 shares during the last quarter. Hedge funds and other institutional investors own 72.79% of the company’s stock.

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.