Piper Sandler Companies (NYSE:PIPR) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lessened its holdings in Piper Sandler Companies (NYSE:PIPR) by 4.6% in the 1st quarter, Holdings Channel.com reports. The fund owned 300,519 shares of the financial services provider’s stock after selling 14,614 shares during the period. Janus Henderson Group PLC’s holdings in Piper Sandler Companies were worth $59,648,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Piper Sandler Companies by 1.1% in the first quarter. Vanguard Group Inc. now owns 1,971,201 shares of the financial services provider’s stock valued at $391,264,000 after acquiring an additional 20,891 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Piper Sandler Companies by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 506,340 shares of the financial services provider’s stock valued at $88,546,000 after acquiring an additional 5,851 shares during the period. Franklin Resources Inc. lifted its holdings in Piper Sandler Companies by 1.6% in the fourth quarter. Franklin Resources Inc. now owns 316,893 shares of the financial services provider’s stock valued at $55,415,000 after acquiring an additional 5,089 shares during the period. Lord Abbett & CO. LLC lifted its holdings in Piper Sandler Companies by 7.4% in the first quarter. Lord Abbett & CO. LLC now owns 285,542 shares of the financial services provider’s stock valued at $56,677,000 after acquiring an additional 19,662 shares during the period. Finally, Goldman Sachs Group Inc. lifted 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 valued at $38,583,000 after acquiring an additional 59,915 shares during the period. Institutional investors and hedge funds own 72.79% of the company’s stock.

Piper Sandler Companies Stock Performance

Shares of PIPR traded up $3.69 during trading hours on Tuesday, hitting $277.34. 137,030 shares of the stock were exchanged, compared to its average volume of 105,022. Piper Sandler Companies has a 12-month low of $130.89 and a 12-month high of $280.21. The company has a market cap of $4.91 billion, a price-to-earnings ratio of 47.17 and a beta of 1.41. The stock’s 50-day moving average price is $244.61 and its two-hundred day moving average price is $220.81.

Piper Sandler Companies (NYSE:PIPR) last issued its quarterly earnings results on Friday, April 26th. The financial services provider reported $2.79 EPS for the quarter, topping the consensus estimate of $1.89 by $0.90. Piper Sandler Companies had a return on equity of 13.65% and a net margin of 7.33%. The firm had revenue of $335.29 million during the quarter, compared to analysts’ expectations of $314.97 million. During the same period in the previous year, the business earned $2.35 earnings per share. The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. On average, research analysts expect that Piper Sandler Companies will post 11.82 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, JMP Securities restated a “market perform” rating on shares of Piper Sandler Companies in a research report on Tuesday, June 11th.

Insider Buying and Selling

In other Piper Sandler Companies news, President Debbra L. Schoneman sold 3,978 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $212.29, for a total value of $844,489.62. Following the completion of the sale, the president now directly owns 44,105 shares of the company’s stock, valued at approximately $9,363,050.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Piper Sandler Companies news, President Debbra L. Schoneman sold 3,978 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $212.29, for a total value of $844,489.62. Following the completion of the sale, the president now directly owns 44,105 shares of the company’s stock, valued at approximately $9,363,050.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel John W. Geelan sold 1,570 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $211.14, for a total value of $331,489.80. Following the sale, the general counsel now directly owns 16,854 shares of the company’s stock, valued at $3,558,553.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,570 shares of company stock worth $1,393,941. 3.00% of the stock is owned by corporate 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.