Wealthcare Advisory Partners LLC Invests $298,000 in Piper Sandler Companies (NYSE:PIPR)

Wealthcare Advisory Partners LLC purchased a new position in shares of Piper Sandler Companies (NYSE:PIPR) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,500 shares of the financial services provider’s stock, valued at approximately $298,000.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Piper Sandler Companies by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 1,950,310 shares of the financial services provider’s stock valued at $341,051,000 after purchasing an additional 15,075 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Piper Sandler Companies by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 506,340 shares of the financial services provider’s stock worth $88,546,000 after acquiring an additional 5,851 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Piper Sandler Companies by 1.6% during the 4th quarter. Franklin Resources Inc. now owns 316,893 shares of the financial services provider’s stock worth $55,415,000 after acquiring an additional 5,089 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Piper Sandler Companies by 37.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 220,638 shares of the financial services provider’s stock worth $38,583,000 after acquiring an additional 59,915 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Piper Sandler Companies by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 187,310 shares of the financial services provider’s stock worth $32,755,000 after acquiring an additional 6,652 shares during the last quarter. Hedge funds and other institutional investors own 72.79% of the company’s stock.

Insider Buying and Selling at Piper Sandler Companies

In other Piper Sandler Companies news, President Debbra L. Schoneman sold 3,978 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $212.29, for a total value of $844,489.62. Following the transaction, the president now owns 44,105 shares in the company, valued at $9,363,050.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, General Counsel John W. Geelan sold 1,570 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $211.14, for a total transaction of $331,489.80. Following the transaction, the general counsel now owns 16,854 shares in the company, valued at $3,558,553.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Debbra L. Schoneman sold 3,978 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $212.29, for a total transaction of $844,489.62. Following the transaction, the president now owns 44,105 shares in the company, valued at approximately $9,363,050.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,570 shares of company stock worth $1,393,941. 3.00% of the stock is currently owned by company insiders.

Piper Sandler Companies Stock Up 0.8 %

Piper Sandler Companies stock opened at $231.98 on Tuesday. The company has a market capitalization of $4.11 billion, a PE ratio of 39.45 and a beta of 1.41. The firm has a fifty day simple moving average of $212.11 and a two-hundred day simple moving average of $205.01. Piper Sandler Companies has a twelve month low of $124.46 and a twelve month high of $233.48.

Piper Sandler Companies (NYSE:PIPR) last posted its quarterly earnings results on Friday, April 26th. The financial services provider reported $2.79 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.90. The business had revenue of $335.29 million during the quarter, compared to the consensus estimate of $314.97 million. Piper Sandler Companies had a net margin of 7.33% and a return on equity of 13.65%. The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.35 earnings per share. As a group, equities analysts expect that Piper Sandler Companies will post 11.82 earnings per share for the current fiscal year.

Piper Sandler Companies Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Thursday, May 23rd. Piper Sandler Companies’s payout ratio is 40.82%.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reaffirmed a “market perform” rating on shares of Piper Sandler Companies in a report on Tuesday, June 11th.

Piper Sandler Companies 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.