Wedge Capital Management L L P NC Acquires 67 Shares of Piper Sandler Companies (NYSE:PIPR)

Wedge Capital Management L L P NC grew its holdings in Piper Sandler Companies (NYSE:PIPR) by 1.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,572 shares of the financial services provider’s stock after purchasing an additional 67 shares during the period. Wedge Capital Management L L P NC’s holdings in Piper Sandler Companies were worth $625,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of PIPR. Vanguard Group Inc. grew its position in Piper Sandler Companies by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,935,235 shares of the financial services provider’s stock worth $281,209,000 after acquiring an additional 9,030 shares during the last quarter. Lord Abbett & CO. LLC grew its position in Piper Sandler Companies by 3.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 259,086 shares of the financial services provider’s stock worth $37,648,000 after acquiring an additional 7,548 shares during the last quarter. North Reef Capital Management LP grew its position in Piper Sandler Companies by 143.5% during the 3rd quarter. North Reef Capital Management LP now owns 245,000 shares of the financial services provider’s stock worth $35,601,000 after acquiring an additional 144,369 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Piper Sandler Companies by 7.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 180,658 shares of the financial services provider’s stock worth $26,251,000 after acquiring an additional 11,847 shares during the last quarter. Finally, FMR LLC grew its position in Piper Sandler Companies by 10.8% during the 3rd quarter. FMR LLC now owns 153,040 shares of the financial services provider’s stock worth $22,238,000 after acquiring an additional 14,977 shares during the last quarter. Institutional investors own 72.79% of the company’s stock.

Insider Activity

In other news, CEO Chad R. Abraham sold 11,307 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $180.18, for a total value of $2,037,295.26. Following the transaction, the chief executive officer now directly owns 24,116 shares of the company’s stock, valued at approximately $4,345,220.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Chad R. Abraham sold 11,307 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $180.18, for a total transaction of $2,037,295.26. Following the transaction, the chief executive officer now directly owns 24,116 shares of the company’s stock, valued at approximately $4,345,220.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jonathan J. Doyle sold 19,987 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $183.90, for a total value of $3,675,609.30. Following the transaction, the insider now directly owns 176,227 shares in the company, valued at $32,408,145.30. The disclosure for this sale can be found here. Insiders have sold 53,524 shares of company stock valued at $9,838,711 in the last ninety days. 3.00% of the stock is owned by company insiders.

Piper Sandler Companies Trading Up 2.7 %

NYSE PIPR opened at $197.16 on Friday. The business’s 50-day moving average price is $194.02 and its two-hundred day moving average price is $188.45. Piper Sandler Companies has a 12 month low of $120.97 and a 12 month high of $202.76. The firm has a market capitalization of $3.49 billion, a PE ratio of 39.91 and a beta of 1.42.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $2.61 by $1.42. The company had revenue of $457.39 million for the quarter, compared to the consensus estimate of $370.12 million. Piper Sandler Companies had a return on equity of 13.27% and a net margin of 6.33%. The firm’s revenue was up 17.0% compared to the same quarter last year. During the same period in the previous year, the business earned $3.33 EPS. As a group, analysts forecast that Piper Sandler Companies will post 11.17 earnings per share for the current fiscal year.

Piper Sandler Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Friday, March 1st. Piper Sandler Companies’s dividend payout ratio is 48.58%.

Analyst Upgrades and Downgrades

A number of research firms have commented on PIPR. JMP Securities reiterated a “market perform” rating on shares of Piper Sandler Companies in a research report on Tuesday, April 9th. StockNews.com upgraded Piper Sandler Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th.

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.