Knights of Columbus Asset Advisors LLC Grows Stock Holdings in Piper Sandler Companies (NYSE:PIPR)

Knights of Columbus Asset Advisors LLC lifted its position in shares of Piper Sandler Companies (NYSE:PIPR) by 94.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 owned 0.18% of Piper Sandler Companies worth $5,696,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Steward Partners Investment Advisory LLC increased its position in 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 during the period. West Oak Capital LLC purchased a new position in shares of Piper Sandler Companies during the fourth quarter valued at about $33,000. Belpointe Asset Management LLC increased its position in shares of Piper Sandler Companies by 67.0% during the first quarter. Belpointe Asset Management LLC now owns 344 shares of the financial services provider’s stock valued at $48,000 after buying an additional 138 shares during the period. Stephens Inc. AR raised its stake in Piper Sandler Companies by 706.0% in the second quarter. Stephens Inc. AR now owns 403 shares of the financial services provider’s stock worth $52,000 after buying an additional 353 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in Piper Sandler Companies by 275.4% in the first quarter. Tower Research Capital LLC TRC now owns 518 shares of the financial services provider’s stock worth $72,000 after buying an additional 380 shares during the period. 72.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Piper Sandler Companies news, insider Jonathan J. Doyle sold 19,987 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $183.90, for a total transaction of $3,675,609.30. Following the transaction, the insider now owns 176,227 shares in the company, valued at approximately $32,408,145.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Piper Sandler Companies news, insider Jonathan J. Doyle sold 2,013 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $179.79, for a total transaction of $361,917.27. Following the completion of the sale, the insider now directly owns 166,214 shares in the company, valued at approximately $29,883,615.06. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction of $3,675,609.30. Following the completion of the transaction, the insider now owns 176,227 shares in the company, valued at approximately $32,408,145.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 53,524 shares of company stock worth $9,838,711. 3.32% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PIPR. StockNews.com raised Piper Sandler Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. JMP Securities reiterated a “market perform” rating on shares of Piper Sandler Companies in a research note on Tuesday, April 9th.

Piper Sandler Companies Stock Performance

Shares of PIPR stock opened at $185.77 on Friday. The company’s 50-day moving average is $193.89 and its 200 day moving average is $186.48. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 37.61 and a beta of 1.42. Piper Sandler Companies has a one year low of $120.97 and a one year high of $202.76.

Piper Sandler Companies (NYSE:PIPR) last announced its quarterly earnings data 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. Piper Sandler Companies had a net margin of 6.33% and a return on equity of 13.27%. The company had revenue of $457.39 million during the quarter, compared to analyst estimates of $370.12 million. During the same period in the previous year, the business earned $3.33 EPS. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. As a group, research analysts predict that Piper Sandler Companies will post 11.17 earnings per share for the current fiscal year.

Piper Sandler Companies Announces Dividend

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

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.