Piper Sandler Companies (NYSE:PIPR) Shares Acquired by Public Sector Pension Investment Board

Public Sector Pension Investment Board grew its position in shares of Piper Sandler Companies (NYSE:PIPR) by 9.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 34,200 shares of the financial services provider’s stock after buying an additional 2,977 shares during the period. Public Sector Pension Investment Board’s holdings in Piper Sandler Companies were worth $7,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Nkcfo LLC purchased a new position in shares of Piper Sandler Companies in the 2nd quarter valued at about $714,000. Sei Investments Co. grew its holdings in Piper Sandler Companies by 101.2% in the second quarter. Sei Investments Co. now owns 44,675 shares of the financial services provider’s stock valued at $10,282,000 after purchasing an additional 22,471 shares during the period. King Luther Capital Management Corp increased its position in shares of Piper Sandler Companies by 6.0% in the second quarter. King Luther Capital Management Corp now owns 18,410 shares of the financial services provider’s stock valued at $4,237,000 after buying an additional 1,040 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of Piper Sandler Companies during the 2nd quarter worth approximately $1,236,000. Finally, Hsbc Holdings PLC lifted its position in shares of Piper Sandler Companies by 12.2% during the 2nd quarter. Hsbc Holdings PLC now owns 3,338 shares of the financial services provider’s stock valued at $760,000 after buying an additional 363 shares in the last quarter. 72.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Piper Sandler Companies

In related news, Director Philip Soran sold 1,792 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $263.92, for a total transaction of $472,944.64. Following the completion of the sale, the director now owns 18,341 shares of the company’s stock, valued at approximately $4,840,556.72. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Piper Sandler Companies news, General Counsel John W. Geelan sold 1,789 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $256.73, for a total value of $459,289.97. Following the completion of the sale, the general counsel now directly owns 15,065 shares of the company’s stock, valued at approximately $3,867,637.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Philip Soran sold 1,792 shares of Piper Sandler Companies stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $263.92, for a total value of $472,944.64. Following the transaction, the director now owns 18,341 shares in the company, valued at approximately $4,840,556.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,276 shares of company stock valued at $3,936,252. Corporate insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reissued a “market perform” rating on shares of Piper Sandler Companies in a report on Tuesday, September 17th.

Piper Sandler Companies Trading Down 0.2 %

PIPR stock opened at $286.98 on Wednesday. Piper Sandler Companies has a 12-month low of $130.89 and a 12-month high of $289.02. The business’s 50-day moving average is $269.88 and its 200 day moving average is $253.90. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of 48.81 and a beta of 1.39.

Piper Sandler Companies (NYSE:PIPR) last issued its quarterly earnings results on Friday, August 2nd. The financial services provider reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.26. Piper Sandler Companies had a return on equity of 15.36% and a net margin of 9.23%. The firm had revenue of $357.00 million for the quarter, compared to analyst estimates of $338.90 million. During the same period in the previous year, the company posted $1.13 earnings per share. The business’s revenue was up 23.7% on a year-over-year basis. As a group, equities analysts forecast that Piper Sandler Companies will post 11.53 EPS for the current fiscal year.

Piper Sandler Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Thursday, August 29th were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.91%. This is a boost from Piper Sandler Companies’s previous quarterly dividend of $0.60. The ex-dividend date was Thursday, August 29th. Piper Sandler Companies’s dividend payout ratio is 44.22%.

About Piper Sandler Companies

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.