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

Wedge Capital Management L L P NC lifted its position in Piper Sandler Companies (NYSE:PIPR) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,572 shares of the financial services provider’s stock after buying an additional 67 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Piper Sandler Companies were worth $625,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in PIPR. Victory Capital Management Inc. lifted its holdings 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 worth $1,130,000 after purchasing an additional 70 shares during the last quarter. Oliver Luxxe Assets LLC lifted its holdings 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 worth $611,000 after purchasing an additional 174 shares during the last quarter. West Oak Capital LLC acquired a new stake in Piper Sandler Companies in the 4th quarter worth approximately $33,000. Mariner LLC lifted its holdings 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 worth $751,000 after purchasing an additional 256 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Piper Sandler Companies by 0.8% during the third quarter. Swiss National Bank now owns 39,000 shares of the financial services provider’s stock worth $5,667,000 after buying an additional 300 shares during the last quarter. Institutional investors own 72.79% of the company’s stock.

Insider Activity

In other news, insider Jonathan J. Doyle sold 19,987 shares of the business’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 transaction of $3,675,609.30. Following the sale, the insider now directly owns 176,227 shares in the company, valued at $32,408,145.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Piper Sandler Companies news, insider Jonathan J. Doyle sold 2,013 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $179.79, for a total value of $361,917.27. Following the sale, the insider now directly owns 166,214 shares in the company, valued at $29,883,615.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jonathan J. Doyle sold 19,987 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $183.90, for a total value of $3,675,609.30. Following the completion of the sale, the insider now owns 176,227 shares in the company, valued at $32,408,145.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 53,524 shares of company stock worth $9,838,711. Company insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

PIPR has been the subject of a number of research analyst reports. StockNews.com upgraded Piper Sandler Companies from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th. JMP Securities reiterated a “market perform” rating on shares of Piper Sandler Companies in a report on Tuesday, April 9th.

Piper Sandler Companies Stock Up 2.7 %

Shares of PIPR stock opened at $197.16 on Friday. Piper Sandler Companies has a 12 month low of $120.97 and a 12 month high of $202.76. The firm has a market cap of $3.49 billion, a PE ratio of 39.91 and a beta of 1.42. The stock has a 50 day moving average of $194.02 and a 200-day moving average of $188.45.

Piper Sandler Companies (NYSE:PIPR) last released 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 business had revenue of $457.39 million for the quarter, compared to analysts’ expectations of $370.12 million. Piper Sandler Companies had a return on equity of 13.27% and a net margin of 6.33%. Piper Sandler Companies’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period in the previous year, the business posted $3.33 earnings per share. As a group, equities analysts predict that Piper Sandler Companies will post 11.17 EPS for the current fiscal year.

Piper Sandler Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were given a dividend of $0.60 per share. 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 presently 48.58%.

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.