Fisher Asset Management LLC Has $17.92 Million Stock Holdings in Piper Sandler Companies (NYSE:PIPR)

Fisher Asset Management LLC trimmed its stake in Piper Sandler Companies (NYSE:PIPR) by 12.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 102,470 shares of the financial services provider’s stock after selling 15,172 shares during the quarter. Fisher Asset Management LLC owned about 0.58% of Piper Sandler Companies worth $17,919,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC acquired a new position in shares of Piper Sandler Companies during the fourth quarter valued at about $29,000. Parallel Advisors LLC grew its holdings in shares of Piper Sandler Companies by 62.1% during the fourth quarter. Parallel Advisors LLC now owns 167 shares of the financial services provider’s stock valued at $29,000 after buying an additional 64 shares during the last quarter. West Oak Capital LLC acquired a new position in shares of Piper Sandler Companies during the fourth quarter valued at about $33,000. Quadrant Capital Group LLC grew its holdings in shares of Piper Sandler Companies by 21.1% during the fourth quarter. Quadrant Capital Group LLC now owns 460 shares of the financial services provider’s stock valued at $80,000 after buying an additional 80 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in shares of Piper Sandler Companies during the third quarter valued at about $201,000. 72.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PIPR. JMP Securities reiterated a “market perform” rating on shares of Piper Sandler Companies in a report on Tuesday, June 11th. StockNews.com upgraded shares of Piper Sandler Companies from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th.

Piper Sandler Companies Price Performance

PIPR opened at $214.70 on Wednesday. The company’s 50-day moving average is $209.96 and its 200 day moving average is $201.55. Piper Sandler Companies has a fifty-two week low of $124.46 and a fifty-two week high of $216.69. The firm has a market capitalization of $3.80 billion, a P/E ratio of 36.51 and a beta of 1.38.

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 for the quarter, beating analysts’ consensus estimates of $1.89 by $0.90. Piper Sandler Companies had a net margin of 7.33% and a return on equity of 13.65%. The company had revenue of $335.29 million for the quarter, compared to analyst estimates of $314.97 million. During the same period last year, the firm earned $2.35 earnings per share. The firm’s revenue was up 15.5% on a year-over-year basis. On average, equities research analysts expect that Piper Sandler Companies will post 11.82 earnings per share for the current year.

Piper Sandler Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 24th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.12%. The ex-dividend date was Thursday, May 23rd. Piper Sandler Companies’s dividend payout ratio is 40.82%.

Insiders Place Their Bets

In other Piper Sandler Companies news, President Debbra L. Schoneman sold 1,022 shares of Piper Sandler Companies 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 sale, the president now owns 43,083 shares of the company’s stock, valued at $9,188,311.41. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, General Counsel John W. Geelan sold 1,570 shares of Piper Sandler Companies stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $211.14, for a total value of $331,489.80. Following the completion of the transaction, the general counsel now owns 16,854 shares in the company, valued at $3,558,553.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Debbra L. Schoneman sold 1,022 shares of Piper Sandler Companies 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 approximately $9,188,311.41. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,570 shares of company stock valued at $1,393,941. Company insiders own 3.00% of the company’s stock.

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.