Piper Sandler Companies (NYSE:PIPR) Shares Bought by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC grew its position in Piper Sandler Companies (NYSE:PIPR) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,572 shares of the financial services provider’s stock after buying an additional 67 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Piper Sandler Companies were worth $625,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of PIPR. North Reef Capital Management LP grew its stake in shares of Piper Sandler Companies by 143.5% in the third quarter. North Reef Capital Management LP now owns 245,000 shares of the financial services provider’s stock valued at $35,601,000 after buying an additional 144,369 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Piper Sandler Companies by 48.8% in the third quarter. Envestnet Asset Management Inc. now owns 54,466 shares of the financial services provider’s stock valued at $7,914,000 after buying an additional 17,869 shares in the last quarter. Knights of Columbus Asset Advisors LLC grew its stake in Piper Sandler Companies by 94.6% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 32,574 shares of the financial services provider’s stock worth $5,696,000 after purchasing an additional 15,833 shares in the last quarter. FMR LLC grew its stake in Piper Sandler Companies by 10.8% during the 3rd quarter. FMR LLC now owns 153,040 shares of the financial services provider’s stock worth $22,238,000 after purchasing an additional 14,977 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Piper Sandler Companies by 7.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 180,658 shares of the financial services provider’s stock worth $26,251,000 after purchasing an additional 11,847 shares in the last quarter. 72.79% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Piper Sandler Companies news, CEO Chad R. Abraham sold 11,307 shares of Piper Sandler Companies stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $180.18, for a total transaction of $2,037,295.26. Following the completion of the sale, the chief executive officer now directly owns 24,116 shares of the company’s stock, valued at approximately $4,345,220.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, President Debbra L. Schoneman sold 4,795 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $190.72, for a total value of $914,502.40. Following the completion of the sale, the president now directly owns 12,140 shares of the company’s stock, valued at approximately $2,315,340.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Chad R. Abraham sold 11,307 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $180.18, for a total value of $2,037,295.26. Following the completion of the sale, the chief executive officer now directly owns 24,116 shares of the company’s stock, valued at $4,345,220.88. The disclosure for this sale can be found here. Insiders sold 53,524 shares of company stock valued at $9,838,711 in the last ninety days. Insiders own 3.00% of the company’s stock.

Piper Sandler Companies Price Performance

Shares of NYSE PIPR opened at $197.16 on Friday. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of 39.91 and a beta of 1.42. The business has a 50-day moving average of $194.02 and a two-hundred day moving average of $188.45. Piper Sandler Companies has a 1 year low of $120.97 and a 1 year high of $202.76.

Piper Sandler Companies (NYSE:PIPR) last announced its quarterly earnings results on Friday, February 2nd. The financial services provider reported $4.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.61 by $1.42. The company had revenue of $457.39 million during the quarter, compared to the consensus estimate of $370.12 million. Piper Sandler Companies had a return on equity of 13.27% and a net margin of 6.33%. Piper Sandler Companies’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period in the previous year, the business earned $3.33 EPS. As a group, equities research analysts expect that Piper Sandler Companies will post 11.17 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, March 15th. Shareholders of record on Monday, March 4th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Friday, March 1st. Piper Sandler Companies’s dividend payout ratio (DPR) is 48.58%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. StockNews.com raised Piper Sandler Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. JMP Securities reissued a “market perform” rating on shares of Piper Sandler Companies in a research note on Tuesday, April 9th.

Piper Sandler Companies Company Profile

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.