Piper Sandler Companies (NYSE:PIPR) Shares Bought by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC grew its stake in Piper Sandler Companies (NYSE:PIPR) by 94.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 32,574 shares of the financial services provider’s stock after purchasing an additional 15,833 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Piper Sandler Companies were worth $5,696,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PIPR. Steward Partners Investment Advisory LLC increased its holdings in shares of Piper Sandler Companies by 328.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 227 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 174 shares in the last quarter. West Oak Capital LLC purchased a new position in Piper Sandler Companies in the fourth quarter valued at $33,000. Belpointe Asset Management LLC raised its position in shares of Piper Sandler Companies by 67.0% in the first quarter. Belpointe Asset Management LLC now owns 344 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 138 shares during the period. Stephens Inc. AR grew its position in shares of Piper Sandler Companies by 706.0% during the 2nd quarter. Stephens Inc. AR now owns 403 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 353 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings in Piper Sandler Companies by 275.4% in the 1st quarter. Tower Research Capital LLC TRC now owns 518 shares of the financial services provider’s stock worth $72,000 after purchasing an additional 380 shares during the period. 72.79% of the stock is owned by institutional investors and hedge funds.

Piper Sandler Companies Stock Performance

NYSE PIPR opened at $185.77 on Friday. Piper Sandler Companies has a one year low of $120.97 and a one year high of $202.76. The business has a fifty day moving average price of $193.89 and a 200 day moving average price of $186.48. The company has a market cap of $3.29 billion, a P/E ratio of 37.61 and a beta of 1.42.

Piper Sandler Companies (NYSE:PIPR) last released its earnings results on Friday, February 2nd. The financial services provider reported $4.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.61 by $1.42. The business had revenue of $457.39 million for the quarter, compared to analyst estimates of $370.12 million. Piper Sandler Companies had a net margin of 6.33% and a return on equity of 13.27%. The business’s revenue was up 17.0% on a year-over-year basis. During the same period last year, the company posted $3.33 EPS. As a group, sell-side analysts predict that Piper Sandler Companies will post 11.17 EPS for the current fiscal year.

Piper Sandler Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date was Friday, March 1st. Piper Sandler Companies’s dividend payout ratio (DPR) is currently 48.58%.

Analysts Set New Price Targets

Several brokerages have commented on PIPR. JMP Securities reissued a “market perform” rating on shares of Piper Sandler Companies in a report on Tuesday, April 9th. StockNews.com upgraded shares of Piper Sandler Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th.

Insider Buying and Selling at Piper Sandler Companies

In other news, CEO Chad R. Abraham sold 6,662 shares of Piper Sandler Companies stock in a transaction on Monday, February 5th. The stock was sold at an average price of $185.03, for a total transaction of $1,232,669.86. Following the transaction, the chief executive officer now owns 36,454 shares in the company, valued at approximately $6,745,083.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Jonathan J. Doyle sold 19,987 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $183.90, for a total value of $3,675,609.30. Following the completion of the transaction, the insider now directly owns 176,227 shares in the company, valued at $32,408,145.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Chad R. Abraham sold 6,662 shares of Piper Sandler Companies stock in a transaction on Monday, February 5th. The shares were sold at an average price of $185.03, for a total value of $1,232,669.86. Following the completion of the sale, the chief executive officer now owns 36,454 shares in the company, valued at approximately $6,745,083.62. The disclosure for this sale can be found here. Insiders sold a total of 53,524 shares of company stock worth $9,838,711 in the last three months. 3.32% of the stock is owned by corporate insiders.

Piper Sandler Companies Company 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.