Jonathan J. Doyle Sells 4,296 Shares of Piper Sandler Companies (NYSE:PIPR) Stock

Piper Sandler Companies (NYSE:PIPR) insider Jonathan J. Doyle sold 4,296 shares of the business’s stock in a transaction on Monday, September 13th. The stock was sold at an average price of $135.37, for a total transaction of $581,549.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NYSE:PIPR opened at $134.33 on Friday. Piper Sandler Companies has a 1-year low of $67.22 and a 1-year high of $146.50. The company has a 50-day moving average of $133.70 and a 200 day moving average of $124.95. The firm has a market cap of $2.42 billion, a PE ratio of 12.72 and a beta of 1.33. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 0.83.

Piper Sandler Companies (NYSE:PIPR) last released its quarterly earnings data on Thursday, July 29th. The company reported $5.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.45 by $1.92. Piper Sandler Companies had a net margin of 10.47% and a return on equity of 30.30%. Sell-side analysts anticipate that Piper Sandler Companies will post 17.09 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 10th. Investors of record on Friday, August 27th were paid a $0.55 dividend. The ex-dividend date was Thursday, August 26th. This is a positive change from Piper Sandler Companies’s previous quarterly dividend of $0.45. This represents a $2.20 dividend on an annualized basis and a yield of 1.64%. Piper Sandler Companies’s dividend payout ratio is 21.96%.

Large investors have recently added to or reduced their stakes in the stock. CKW Financial Group purchased a new stake in Piper Sandler Companies in the second quarter worth about $27,000. FMR LLC lifted its stake in Piper Sandler Companies by 218.5% in the second quarter. FMR LLC now owns 207 shares of the company’s stock worth $27,000 after acquiring an additional 142 shares during the period. Captrust Financial Advisors lifted its stake in Piper Sandler Companies by 766.3% in the first quarter. Captrust Financial Advisors now owns 1,386 shares of the company’s stock worth $152,000 after acquiring an additional 1,226 shares during the period. Commerce Bank purchased a new stake in Piper Sandler Companies in the second quarter worth about $204,000. Finally, MML Investors Services LLC purchased a new stake in Piper Sandler Companies in the second quarter worth about $205,000. 64.32% of the stock is owned by institutional investors.

PIPR has been the subject of a number of recent analyst reports. Northland Securities reissued a “buy” rating and set a $161.00 target price on shares of Piper Sandler Companies in a research note on Thursday. JMP Securities boosted their target price on shares of Piper Sandler Companies from $138.00 to $172.00 in a research note on Monday, August 2nd.

About Piper Sandler Companies

Piper Sandler Cos. engages in the provision of investment banking and institutional securities services. It offers financial advisory services, equity and debt capital markets products, public finance services, equity research and institutional brokerage, fixed income services, and private equity strategies.

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