Ultimate magazine theme for WordPress.

BNP Paribas Financial Markets sells shares of Piper Sandler Companies (NYSE:PIPR)

BNP Paribas Financial Markets reduced its holdings in Piper Sandler Companies (NYSE:PIPR – Free Report) by 15.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,172 shares of the financial services provider after selling 2,207 shares during the quarter. BNP Paribas Financial Markets owned about 0.07% of Piper Sandler Companies worth $2,129,000 at the end of the last quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC acquired a new position in shares of Piper Sandler Companies in the fourth quarter valued at $29,000. West Oak Capital LLC acquired a new position in Piper Sandler Companies in the fourth quarter valued at about $33,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Piper Sandler Companies in the third quarter valued at about $201,000. Obermeyer Wood Investment Counsel Lllp acquired a new stake in shares of Piper Sandler Companies in the third quarter valued at about $213,000. Finally, V Wealth Advisors LLC acquired a new stake in shares of Piper Sandler Companies in the third quarter valued at about $218,000. 72.79% of the shares are currently owned by hedge funds and other institutional investors.

Changes in analyst ratings

Several brokerage firms have recently issued reports on PIPR. StockNews.com upgraded shares of Piper Sandler Companies from a “hold” rating to a “buy” rating in a research 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.

Check out our latest stock analysis on PIPR

Share price development of Piper Sandler Companies

PIPR opened at $213.40 on Friday. Piper Sandler Companies has a 1-year low of $124.46 and a 1-year high of $216.50. The company’s 50-day moving average is $206.42 and its 200-day moving average is $196.79. The stock has a market cap of $3.78 billion, a P/E ratio of 36.29 and a beta of 1.40.

Piper Sandler Companies (NYSE:PIPR – Get Free Report) last announced its quarterly earnings results on Friday, April 26. The financial services provider reported earnings per share (EPS) of $2.79 for the quarter, beating the consensus estimate of $1.89 by $0.90. Piper Sandler Companies had a net margin of 7.33% and a return on equity of 13.65%. The company had revenue of $335.29 million for the quarter, compared to analyst expectations of $314.97 million. During the same period last year, the company generated earnings per share of $2.35. The company’s quarterly revenue grew 15.5% compared to the year-ago quarter. As a group, sell-side analysts expect Piper Sandler Companies to report earnings per share of $11.82 for the current fiscal year.

Piper Sandler Companies announces dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 24th will receive a dividend of $0.60. The ex-dividend date of this dividend is Thursday, May 23rd. This represents an annualized dividend of $2.40 and a yield of 1.12%. Piper Sandler Companies’ dividend payout ratio is currently 40.82%.

Insider buying and selling at Piper Sandler Companies

In other Piper Sandler Companies news, President Debbra L. Schoneman sold 205 shares of the company’s stock in a transaction that occurred on Thursday, February 29. The shares were sold at an average price of $190.05, for a total value of $38,960.25. Following the completion of the sale, the President now directly owns 16,935 shares of the company’s stock, valued at approximately $3,218,496.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Piper Sandler Companies news, President Debbra L. Schoneman sold 4,795 shares of the company’s stock in a transaction that occurred on Monday, March 4. The shares were sold at an average price of $190.72, for a total transaction of $914,502.40. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, on Thursday, February 29, President Debbra L. Schoneman sold 205 shares of the company’s stock. The shares were sold at an average price of $190.05, for a total value of $38,960.25. Following the transaction, the President now directly owns 16,935 shares of the company’s stock, valued at $3,218,496.75. The disclosure regarding this sale can be found here. Insiders sold a total of 15,125 shares of the company’s stock in the last ninety days, valued at $3,004,510. Insiders own 3.00% of the company’s stock.

Company profile of Piper Sandler Companies

(Free report)

Piper Sandler Companies is an investment bank and institutional securities firm serving corporations, private equity groups, public entities, nonprofit organizations and institutional investors in the United States and internationally. The firm provides investment banking services as well as institutional sales, trading and research services for various equity and fixed income products; advisory services such as mergers and acquisitions, private equity and debt placements and debt and restructuring advisory; raises capital through equity and debt financings; underwrites municipal offerings; and provides municipal financial advisory and debt placement services; and various over-the-counter derivative products.

More stories

Institutional ownership by quarter for Piper Sandler Companies (NYSE:PIPR)

Get daily news and reviews about Piper Sandler Companies – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Piper Sandler Companies and related companies with MarketBeat.com’s FREE daily email newsletter.

Comments are closed.