Piper Sandler Companies (NYSE:PIPR) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC trimmed its position in Piper Sandler Companies (NYSE:PIPR) by 12.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 102,449 shares of the financial services provider’s stock after selling 15,193 shares during the period. Fisher Asset Management LLC owned about 0.58% of Piper Sandler Companies worth $17,915,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PIPR. Vanguard Group Inc. lifted its position in shares of Piper Sandler Companies by 0.5% in the third quarter. Vanguard Group Inc. now owns 1,935,235 shares of the financial services provider’s stock valued at $281,209,000 after acquiring an additional 9,030 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake 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 purchasing an additional 7,548 shares during the last quarter. North Reef Capital Management LP grew its holdings in shares of Piper Sandler Companies by 143.5% during the third quarter. North Reef Capital Management LP now owns 245,000 shares of the financial services provider’s stock worth $35,601,000 after buying an additional 144,369 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Piper Sandler Companies by 7.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 180,658 shares of the financial services provider’s stock worth $26,251,000 after buying an additional 11,847 shares in the last quarter. Finally, FMR LLC raised its position in shares of Piper Sandler Companies by 10.8% in the third quarter. FMR LLC now owns 153,040 shares of the financial services provider’s stock valued at $22,238,000 after buying an additional 14,977 shares during the last quarter. 72.79% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, 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 approximately $2,315,340.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Jonathan J. Doyle sold 2,013 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $179.79, for a total transaction of $361,917.27. Following the completion of the transaction, the insider now owns 166,214 shares of the company’s stock, valued at approximately $29,883,615.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Debbra L. Schoneman sold 4,795 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $190.72, for a total value of $914,502.40. Following the completion of the sale, the president now directly owns 12,140 shares in the company, valued at approximately $2,315,340.80. The disclosure for this sale can be found here. Insiders sold a total of 21,875 shares of company stock valued at $4,009,781 over the last quarter. 3.00% of the stock is owned by insiders.

Piper Sandler Companies Stock Performance

Shares of PIPR stock opened at $206.14 on Monday. Piper Sandler Companies has a twelve month low of $120.97 and a twelve month high of $207.06. The firm’s 50-day moving average price is $194.88. The firm has a market cap of $3.65 billion, a PE ratio of 35.06 and a beta of 1.40.

Piper Sandler Companies (NYSE:PIPR) last posted its earnings results on Friday, April 26th. The financial services provider reported $2.79 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.90. The company had revenue of $335.29 million for the quarter, compared to analyst estimates of $314.97 million. Piper Sandler Companies had a net margin of 7.33% and a return on equity of 13.83%. Piper Sandler Companies’s revenue was up 15.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.35 EPS. On average, analysts expect that Piper Sandler Companies will post 11.82 EPS for the current fiscal year.

Piper Sandler Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 24th will be given a $0.60 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $2.40 annualized dividend and a yield of 1.16%. Piper Sandler Companies’s payout ratio is 40.82%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PIPR. StockNews.com raised shares of Piper Sandler Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. JMP Securities restated a “market perform” rating on shares of Piper Sandler Companies in a research report on Tuesday, April 9th.

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.