Knights of Columbus Asset Advisors LLC Purchases 1,794 Shares of Piper Sandler Companies $PIPR

Knights of Columbus Asset Advisors LLC boosted its position in shares of Piper Sandler Companies (NYSE:PIPR) by 25.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 8,950 shares of the company’s stock after purchasing an additional 1,794 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Piper Sandler Companies were worth $3,106,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Cloud Capital Management LLC bought a new position in Piper Sandler Companies in the 3rd quarter valued at $122,000. New York State Common Retirement Fund boosted its stake in Piper Sandler Companies by 265.5% during the third quarter. New York State Common Retirement Fund now owns 32,640 shares of the company’s stock valued at $11,326,000 after buying an additional 23,709 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in Piper Sandler Companies by 11.3% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 3,355 shares of the company’s stock worth $1,164,000 after buying an additional 340 shares in the last quarter. James Investment Research Inc. raised its holdings in shares of Piper Sandler Companies by 1.5% in the 3rd quarter. James Investment Research Inc. now owns 11,137 shares of the company’s stock valued at $3,864,000 after acquiring an additional 162 shares in the last quarter. Finally, Sage Rhino Capital LLC bought a new stake in shares of Piper Sandler Companies during the 3rd quarter valued at about $212,000. 72.79% of the stock is currently owned by hedge funds and other institutional investors.

Piper Sandler Companies Stock Performance

Shares of PIPR opened at $345.72 on Friday. Piper Sandler Companies has a fifty-two week low of $202.91 and a fifty-two week high of $380.26. The firm has a market cap of $6.12 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 1.12 and a beta of 1.54. The firm has a 50 day moving average price of $349.18 and a 200-day moving average price of $337.64.

Piper Sandler Companies (NYSE:PIPR) last issued its earnings results on Friday, October 31st. The company reported $3.82 EPS for the quarter, topping analysts’ consensus estimates of $2.96 by $0.86. Piper Sandler Companies had a net margin of 13.73% and a return on equity of 19.91%. The company had revenue of $455.31 million for the quarter, compared to analysts’ expectations of $408.40 million. During the same quarter last year, the company earned $2.57 EPS. The firm’s revenue was up 33.3% compared to the same quarter last year.

Insider Transactions at Piper Sandler Companies

In other Piper Sandler Companies news, President Debbra L. Schoneman sold 2,500 shares of Piper Sandler Companies stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $330.33, for a total value of $825,825.00. Following the transaction, the president directly owned 2,896 shares of the company’s stock, valued at $956,635.68. The trade was a 46.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Katherine Patricia Clune sold 1,367 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $324.69, for a total value of $443,851.23. Following the completion of the sale, the chief financial officer owned 10,425 shares of the company’s stock, valued at $3,384,893.25. The trade was a 11.59% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 11,267 shares of company stock worth $3,763,746. Company insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on PIPR. Bank of America began coverage on shares of Piper Sandler Companies in a research report on Monday, January 26th. They issued an “underperform” rating and a $385.00 price objective on the stock. Wall Street Zen cut shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reissued a “hold (c)” rating on shares of Piper Sandler Companies in a report on Friday, January 23rd. Zacks Research cut shares of Piper Sandler Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Finally, The Goldman Sachs Group raised shares of Piper Sandler Companies from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $368.00 to $386.00 in a report on Monday, November 10th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Piper Sandler Companies currently has an average rating of “Hold” and an average price target of $389.67.

Piper Sandler Companies Company Profile

Piper Sandler Companies (NYSE: PIPR) is an investment bank and institutional securities firm that provides a range of capital markets and advisory services to corporations, institutions, municipalities and high-net-worth individuals. The firm’s core activities include investment banking and M&A advisory, underwriting and distribution of equity and debt securities, public finance, and sector-focused advisory across industries such as healthcare, energy, financial services and technology.

In addition to traditional investment banking, Piper Sandler offers equity and fixed income research, institutional sales and trading, and market-making services.