Dorsey & Whitney Belief CO LLC lifted its holdings in shares of Piper Sandler Firms (NYSE:PIPR – Free Report) by 35.2% within the second quarter, in keeping with the corporate in its most up-to-date submitting with the Securities and Alternate Fee. The agency owned 5,420 shares of the monetary providers supplier’s inventory after buying a further 1,410 shares throughout the quarter. Dorsey & Whitney Belief CO LLC’s holdings in Piper Sandler Firms had been price $1,248,000 as of its most up-to-date submitting with the Securities and Alternate Fee.
A variety of different hedge funds have additionally modified their holdings of PIPR. Texas Everlasting Faculty Fund Corp lifted its stake in Piper Sandler Firms by 25.9% throughout the 2nd quarter. Texas Everlasting Faculty Fund Corp now owns 16,748 shares of the monetary providers supplier’s inventory price $3,855,000 after buying a further 3,445 shares within the final quarter. Choreo LLC acquired a brand new place in Piper Sandler Firms throughout the 2nd quarter price about $269,000. Quest Companions LLC lifted its stake in Piper Sandler Firms by 531.8% throughout the 2nd quarter. Quest Companions LLC now owns 6,710 shares of the monetary providers supplier’s inventory price $1,544,000 after buying a further 5,648 shares within the final quarter. Arizona State Retirement System lifted its stake in Piper Sandler Firms by 1.7% throughout the 2nd quarter. Arizona State Retirement System now owns 4,950 shares of the monetary providers supplier’s inventory price $1,139,000 after buying a further 83 shares within the final quarter. Lastly, Victory Capital Administration Inc. lifted its stake in Piper Sandler Firms by 74.7% throughout the 2nd quarter. Victory Capital Administration Inc. now owns 13,176 shares of the monetary providers supplier’s inventory price $3,033,000 after buying a further 5,636 shares within the final quarter. 72.79% of the inventory is at present owned by hedge funds and different institutional buyers.
Analyst Upgrades and Downgrades
Individually, JMP Securities reissued a “market carry out” ranking on shares of Piper Sandler Firms in a analysis notice on Tuesday, June eleventh.
View Our Newest Inventory Evaluation on Piper Sandler Firms
Piper Sandler Firms Value Efficiency
PIPR inventory opened at $258.74 on Wednesday. The agency has a market capitalization of $4.58 billion, a P/E ratio of 44.00 and a beta of 1.40. The enterprise’s 50-day transferring common is $263.73 and its two-hundred day transferring common is $244.39. Piper Sandler Firms has a 1 12 months low of $130.89 and a 1 12 months excessive of $280.45.
Piper Sandler Firms (NYSE:PIPR – Get Free Report) final posted its quarterly earnings outcomes on Friday, August 2nd. The monetary providers supplier reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.26. The corporate had income of $357.00 million for the quarter, in comparison with analyst estimates of $338.90 million. Piper Sandler Firms had a return on fairness of 15.36% and a internet margin of 9.23%. Piper Sandler Firms’s income for the quarter was up 23.7% in comparison with the identical quarter final 12 months. Throughout the identical quarter final 12 months, the corporate earned $1.13 EPS. On common, analysts anticipate that Piper Sandler Firms will submit 11.53 EPS for the present 12 months.
Piper Sandler Firms Will increase Dividend
The enterprise additionally not too long ago declared a quarterly dividend, which will likely be paid on Friday, September thirteenth. Shareholders of document on Thursday, August twenty ninth will likely be given a $0.65 dividend. The ex-dividend date is Thursday, August twenty ninth. This represents a $2.60 dividend on an annualized foundation and a yield of 1.00%. It is a constructive change from Piper Sandler Firms’s earlier quarterly dividend of $0.60. Piper Sandler Firms’s dividend payout ratio (DPR) is at present 44.22%.
Insider Transactions at Piper Sandler Firms
In different information, insider Jonathan J. Doyle bought 12,695 shares of the agency’s inventory in a transaction dated Monday, August fifth. The inventory was bought at a median worth of $236.63, for a complete transaction of $3,004,017.85. Following the sale, the insider now owns 160,095 shares of the corporate’s inventory, valued at roughly $37,883,279.85. The sale was disclosed in a submitting with the Securities & Alternate Fee, which is offered via this hyperlink. In different information, insider Jonathan J. Doyle bought 12,695 shares of the agency’s inventory in a transaction dated Monday, August fifth. The inventory was bought at a median worth of $236.63, for a complete transaction of $3,004,017.85. Following the sale, the insider now owns 160,095 shares of the corporate’s inventory, valued at roughly $37,883,279.85. The sale was disclosed in a submitting with the Securities & Alternate Fee, which is offered via this hyperlink. Additionally, Normal Counsel John W. Geelan bought 1,789 shares of the agency’s inventory in a transaction dated Friday, August ninth. The inventory was bought at a median worth of $256.73, for a complete worth of $459,289.97. Following the sale, the final counsel now immediately owns 15,065 shares within the firm, valued at roughly $3,867,637.45. The disclosure for this sale might be discovered right here. Within the final 90 days, insiders have bought 16,276 shares of firm inventory valued at $3,936,252. Company insiders personal 3.00% of the corporate’s inventory.
Piper Sandler Firms Profile
Piper Sandler Firms operates as an funding financial institution and institutional securities agency that serves companies, non-public fairness teams, public entities, non-profit entities, and institutional buyers in the USA and internationally. It provides funding banking providers and institutional gross sales, buying and selling, and analysis providers for varied fairness and stuck earnings merchandise; advisory providers, akin to mergers and acquisitions, fairness and debt non-public placements, and debt and restructuring advisory; raises capital via fairness and debt financings; underwrites municipal issuances; and municipal monetary advisory and mortgage placement providers, in addition to varied over-the-counter by-product merchandise.
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