Piper Sandler Companies (NYSE:PIPR) President Debbra Schoneman Sells 39,708 Shares of Stock

Piper Sandler Companies (NYSE:PIPR) President Debbra Schoneman sold 39,708 shares of the stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $67.38, for a total value of $2,675,525.04. Following the completion of the transaction, the president owned 11,752 shares of the company’s stock, valued at $791,849.76. This trade represents a 77.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Piper Sandler Companies Trading Down 2.2%

Shares of PIPR opened at $65.92 on Wednesday. The business’s 50-day moving average price is $69.52 and its 200 day moving average price is $76.91. The stock has a market capitalization of $4.66 billion, a P/E ratio of 14.56, a P/E/G ratio of 2.22 and a beta of 1.39. Piper Sandler Companies has a 1-year low of $61.35 and a 1-year high of $95.07.

Piper Sandler Companies (NYSE:PIPR) last posted its quarterly earnings data on Friday, October 30th. The company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.06). Piper Sandler Companies had a return on equity of 21.11% and a net margin of 14.53%. The company had revenue of $456.04 million for the quarter, compared to analyst estimates of $467.39 million. During the same quarter in the previous year, the firm posted $3.82 EPS. Piper Sandler Companies’s quarterly revenue was down 4.9% on a year-over-year basis. On average, research analysts predict that Piper Sandler Companies will post 4.10 earnings per share for the current year.

Piper Sandler Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Tuesday, November 24th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, November 24th. Piper Sandler Companies’s dividend payout ratio (DPR) is 18.82%.

Wall Street Analyst Weigh In

PIPR has been the subject of several research analyst reports. The Goldman Sachs Group set a $80.00 price target on shares of Piper Sandler Companies and gave the company a “buy” rating in a research report on Thursday, October 1st. Bank of America reiterated an “underperform” rating and set a $69.00 price objective on shares of Piper Sandler Companies in a research report on Tuesday. Weiss Ratings reissued a “hold (c+)” rating on shares of Piper Sandler Companies in a research note on Monday, August 17th. Finally, Zacks Research downgraded shares of Piper Sandler Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 13th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Piper Sandler Companies has a consensus rating of “Hold” and an average target price of $84.00.

Key Headlines Impacting Piper Sandler Companies

Here are the key news stories impacting Piper Sandler Companies this week:

• Positive Sentiment: Recent coverage highlights buyback news as a potential support for shares. One analysis suggests PIPR could be about 15% below fair value, though another cautions the stock may still trade at a premium. Piper Sandler Companies Could Be 15% Below Fair Value As Buyback News Lifts Shares Piper Sandler Stock May Trade At A Premium Despite Fresh Buyback News
• Positive Sentiment: Piper Sandler declared a quarterly dividend of $0.20 per share, equivalent to $0.80 annually and a yield of about 1.3%.
• Neutral Sentiment: The buyback coverage presents conflicting views on valuation: one sees potential undervaluation, while another says shares may remain at a premium. The provided reports do not specify the buyback’s terms.
• Negative Sentiment: Northland Securities reduced its FY2026 EPS estimate to $4.13 from $4.44 and its FY2027 estimate to $4.39 from $5.25, also lowering its projections for Q3 and Q4 2027. These cuts signal weaker earnings expectations.
• Negative Sentiment: President Debbra Schoneman sold 39,708 shares for about $2.68 million, reducing her direct stake by 77.16%. Investors may view the substantial sale as a negative signal, although the filing does not state her reason. SEC Form 4 filing
• Negative Sentiment: Recent quarterly results also disappointed: EPS of $0.87 and revenue of $456.0 million were below consensus estimates, while revenue declined 4.9% year over year.

Institutional Investors Weigh In On Piper Sandler Companies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its stake in Piper Sandler Companies by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 573,217 shares of the company’s stock valued at $41,466,000 after purchasing an additional 2,967 shares in the last quarter. Greenwich Wealth Management LLC increased its position in Piper Sandler Companies by 1.0% in the 2nd quarter. Greenwich Wealth Management LLC now owns 420,805 shares of the company’s stock worth $30,441,000 after purchasing an additional 4,036 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of Piper Sandler Companies during the 2nd quarter worth about $13,753,000. WINTON GROUP Ltd purchased a new stake in shares of Piper Sandler Companies during the 2nd quarter worth about $9,445,000. Finally, Moody Aldrich Partners LLC raised its stake in shares of Piper Sandler Companies by 4.2% during the 3rd quarter. Moody Aldrich Partners LLC now owns 75,105 shares of the company’s stock worth $4,955,000 after purchasing an additional 3,020 shares in the last quarter. Hedge funds and other institutional investors own 72.79% of the company’s stock.

Piper Sandler Companies Company Profile

Piper Sandler Companies (NYSE:PIPR) is an investment banking and institutional securities firm that provides financial services to corporations, financial institutions, public-sector entities, institutional investors and private equity firms. The company offers advisory and capital-raising services, including mergers and acquisitions, equity and debt offerings, restructuring and other strategic transactions.

Its institutional securities activities include equity research, sales and trading, fixed-income services and market-making.