SG Americas Securities LLC Has $386,000 Position in Piper Sandler Companies (NYSE:PIPR)

SG Americas Securities LLC lowered its position in Piper Sandler Companies (NYSE:PIPR) by 93.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,360 shares of the financial services provider’s stock after selling 18,721 shares during the period. SG Americas Securities LLC’s holdings in Piper Sandler Companies were worth $386,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in PIPR. Goldman Sachs Group Inc. increased its holdings in Piper Sandler Companies by 37.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 220,638 shares of the financial services provider’s stock worth $38,583,000 after buying an additional 59,915 shares during the last quarter. Vanguard Group Inc. boosted its position in Piper Sandler Companies by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 1,950,310 shares of the financial services provider’s stock worth $341,051,000 after purchasing an additional 15,075 shares during the period. HighPoint Advisor Group LLC bought a new stake in shares of Piper Sandler Companies in the fourth quarter valued at approximately $271,000. Mather Group LLC. bought a new stake in shares of Piper Sandler Companies in the first quarter valued at approximately $64,000. Finally, Wealthcare Advisory Partners LLC bought a new stake in shares of Piper Sandler Companies in the first quarter valued at approximately $298,000. Institutional investors and hedge funds own 72.79% of the company’s stock.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Piper Sandler Companies news, insider Jonathan J. Doyle sold 12,695 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $236.63, for a total transaction of $3,004,017.85. Following the completion of the transaction, the insider now directly owns 160,095 shares in the company, valued at $37,883,279.85. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other 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 in the company, valued at approximately $3,867,637.45. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Jonathan J. Doyle sold 12,695 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $236.63, for a total value of $3,004,017.85. Following the completion of the sale, the insider now owns 160,095 shares of the company’s stock, valued at approximately $37,883,279.85. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,276 shares of company stock valued at $3,936,252 over the last ninety days. 3.00% of the stock is owned by company insiders.

Piper Sandler Companies Trading Up 0.5 %

PIPR opened at $303.62 on Friday. Piper Sandler Companies has a 1-year low of $130.89 and a 1-year high of $305.54. The stock has a market capitalization of $5.37 billion, a price-to-earnings ratio of 51.64 and a beta of 1.39. The business has a 50 day moving average of $285.60 and a 200-day moving average of $269.42.

Piper Sandler Companies (NYSE:PIPR) last issued its earnings results on Friday, August 2nd. The financial services provider reported $2.52 EPS for the quarter, topping the consensus estimate of $2.26 by $0.26. The firm had revenue of $357.00 million during the quarter, compared to analysts’ expectations of $338.90 million. Piper Sandler Companies had a return on equity of 15.36% and a net margin of 9.23%. Piper Sandler Companies’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period last year, the business earned $1.13 earnings per share. Equities analysts predict that Piper Sandler Companies will post 11.53 EPS for the current year.

Piper Sandler Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Thursday, August 29th were given a $0.65 dividend. This is a boost from Piper Sandler Companies’s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a yield of 0.86%. The ex-dividend date was Thursday, August 29th. Piper Sandler Companies’s dividend payout ratio (DPR) is 44.22%.

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.