Strs Ohio Has $1.12 Million Stake in Piper Sandler Companies (NYSE:PIPR)

Strs Ohio trimmed its holdings in shares of Piper Sandler Companies (NYSE:PIPR) by 8.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,400 shares of the financial services provider’s stock after selling 600 shares during the period. Strs Ohio’s holdings in Piper Sandler Companies were worth $1,119,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PIPR. Victory Capital Management Inc. boosted its position in Piper Sandler Companies by 0.9% in the 3rd quarter. Victory Capital Management Inc. now owns 7,775 shares of the financial services provider’s stock valued at $1,130,000 after buying an additional 70 shares during the last quarter. Oliver Luxxe Assets LLC boosted its position in Piper Sandler Companies by 4.3% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 4,203 shares of the financial services provider’s stock valued at $611,000 after buying an additional 174 shares during the last quarter. West Oak Capital LLC bought a new position in Piper Sandler Companies in the 4th quarter valued at $33,000. Mariner LLC boosted its position in Piper Sandler Companies by 5.2% in the 3rd quarter. Mariner LLC now owns 5,166 shares of the financial services provider’s stock valued at $751,000 after buying an additional 256 shares during the last quarter. Finally, Swiss National Bank boosted its position in Piper Sandler Companies by 0.8% in the 3rd quarter. Swiss National Bank now owns 39,000 shares of the financial services provider’s stock valued at $5,667,000 after buying an additional 300 shares during the last quarter. 72.79% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Piper Sandler Companies

In other Piper Sandler Companies news, President Debbra L. Schoneman sold 4,795 shares of Piper Sandler Companies stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $190.72, for a total transaction of $914,502.40. Following the transaction, the president now directly owns 12,140 shares in the company, valued at $2,315,340.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Piper Sandler Companies news, CEO Chad R. Abraham sold 11,307 shares of Piper Sandler Companies stock in a transaction dated 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 in the company, valued at $4,345,220.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Debbra L. Schoneman sold 4,795 shares of Piper Sandler Companies stock in a transaction dated 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 in the company, valued at $2,315,340.80. The disclosure for this sale can be found here. Insiders have sold 53,524 shares of company stock worth $9,838,711 in the last three months. Insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages 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 Stock Up 2.2 %

NYSE:PIPR opened at $195.60 on Wednesday. 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 $3.47 billion, a P/E ratio of 39.60 and a beta of 1.42. The stock’s fifty day simple moving average is $194.14 and its 200-day simple moving average is $187.27.

Piper Sandler Companies (NYSE:PIPR) last posted its quarterly earnings results on Friday, February 2nd. The financial services provider reported $4.03 earnings per share (EPS) for the quarter, topping 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 business had revenue of $457.39 million for the quarter, compared to analyst estimates of $370.12 million. During the same period last year, the company earned $3.33 EPS. The firm’s revenue was up 17.0% on a year-over-year basis. As a group, equities research analysts expect that Piper Sandler Companies will post 11.17 earnings per share for the current year.

Piper Sandler Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were given a $0.60 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $2.40 annualized dividend and a dividend yield of 1.23%. Piper Sandler Companies’s dividend payout ratio is currently 48.58%.

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.