Hsbc Holdings PLC Raises Position in Piper Sandler Companies (NYSE:PIPR)

Hsbc Holdings PLC boosted its position in Piper Sandler Companies (NYSE:PIPR) by 12.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,338 shares of the financial services provider’s stock after purchasing an additional 363 shares during the period. Hsbc Holdings PLC’s holdings in Piper Sandler Companies were worth $760,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of PIPR. Blue Trust Inc. raised its stake in shares of Piper Sandler Companies by 194.7% in the second quarter. Blue Trust Inc. now owns 112 shares of the financial services provider’s stock valued at $26,000 after buying an additional 74 shares during the period. Parallel Advisors LLC raised its stake in Piper Sandler Companies by 62.1% in the 4th quarter. Parallel Advisors LLC now owns 167 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 64 shares during the period. nVerses Capital LLC lifted its holdings in Piper Sandler Companies by 100.0% during the second quarter. nVerses Capital LLC now owns 200 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 100 shares during the last quarter. Mather Group LLC. bought a new position in Piper Sandler Companies during the first quarter worth about $64,000. Finally, FSC Wealth Advisors LLC boosted its position in Piper Sandler Companies by 39.0% during the second quarter. FSC Wealth Advisors LLC now owns 346 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 97 shares during the period. 72.79% of the stock is owned by institutional investors.

Insider Transactions at Piper Sandler Companies

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

Piper Sandler Companies Stock Performance

Shares of NYSE PIPR opened at $281.99 on Monday. The company has a fifty day moving average of $271.55. The stock has a market capitalization of $4.99 billion, a PE ratio of 47.96 and a beta of 1.39. Piper Sandler Companies has a fifty-two week low of $130.89 and a fifty-two week high of $289.02.

Piper Sandler Companies (NYSE:PIPR) last announced 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. The firm had revenue of $357.00 million for the quarter, compared to the consensus estimate of $338.90 million. Piper Sandler Companies had a net margin of 9.23% and a return on equity of 15.36%. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.13 earnings per share. Analysts predict that Piper Sandler Companies will post 11.53 EPS for the current fiscal year.

Piper Sandler Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Thursday, August 29th were given a dividend of $0.65 per share. This is a positive change from Piper Sandler Companies’s previous quarterly dividend of $0.60. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Thursday, August 29th. Piper Sandler Companies’s payout ratio is 44.22%.

Analyst Ratings Changes

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

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.