Piper Sandler Companies (NYSE:PIPR) Shares Acquired by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC increased its stake in shares of Piper Sandler Companies (NYSE:PIPR) by 94.6% in the fourth quarter, HoldingsChannel reports. The firm owned 32,574 shares of the financial services provider’s stock after buying an additional 15,833 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Piper Sandler Companies were worth $5,696,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC raised its position in shares of Piper Sandler Companies by 328.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 227 shares of the financial services provider’s stock valued at $30,000 after buying an additional 174 shares during the last quarter. West Oak Capital LLC acquired a new position in shares of Piper Sandler Companies during the 4th quarter valued at $33,000. Belpointe Asset Management LLC increased its holdings in Piper Sandler Companies by 67.0% in the 1st quarter. Belpointe Asset Management LLC now owns 344 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 138 shares in the last quarter. Stephens Inc. AR raised its position in Piper Sandler Companies by 706.0% in the second quarter. Stephens Inc. AR now owns 403 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 353 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Piper Sandler Companies by 275.4% during the first quarter. Tower Research Capital LLC TRC now owns 518 shares of the financial services provider’s stock worth $72,000 after purchasing an additional 380 shares in the last quarter. 72.79% of the stock is currently owned by hedge funds and other institutional investors.

Piper Sandler Companies Price Performance

Shares of PIPR stock opened at $185.77 on Friday. The firm has a fifty day moving average of $193.89 and a two-hundred day moving average of $186.48. The firm has a market cap of $3.29 billion, a P/E ratio of 37.61 and a beta of 1.42. Piper Sandler Companies has a 1-year low of $120.97 and a 1-year high of $202.76.

Piper Sandler Companies (NYSE:PIPR) last announced its quarterly earnings data on Friday, February 2nd. The financial services provider reported $4.03 earnings per share for the quarter, beating the consensus estimate of $2.61 by $1.42. Piper Sandler Companies had a return on equity of 13.27% and a net margin of 6.33%. The firm had revenue of $457.39 million during the quarter, compared to analyst estimates of $370.12 million. During the same period in the previous year, the company earned $3.33 earnings per share. Piper Sandler Companies’s quarterly revenue was up 17.0% on a year-over-year basis. On average, sell-side analysts expect that Piper Sandler Companies will post 11.17 EPS for the current year.

Piper Sandler Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.29%. The ex-dividend date was Friday, March 1st. Piper Sandler Companies’s dividend payout ratio (DPR) is presently 48.58%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. StockNews.com upgraded Piper Sandler Companies from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th. JMP Securities reissued a “market perform” rating on shares of Piper Sandler Companies in a research report on Tuesday, April 9th.

Insiders Place Their Bets

In other news, President Debbra L. Schoneman sold 5,000 shares of Piper Sandler Companies stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $184.13, for a total value of $920,650.00. Following the completion of the transaction, the president now directly owns 48,083 shares of the company’s stock, valued at approximately $8,853,522.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, President Debbra L. Schoneman sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $184.13, for a total value of $920,650.00. Following the sale, the president now owns 48,083 shares of the company’s stock, valued at approximately $8,853,522.79. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Debbra L. Schoneman sold 4,795 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $190.72, for a total value of $914,502.40. Following the transaction, the president now owns 12,140 shares of the company’s stock, valued at $2,315,340.80. The disclosure for this sale can be found here. Insiders sold a total of 53,524 shares of company stock valued at $9,838,711 over the last 90 days. 3.32% of the stock is owned by company insiders.

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.