Commonwealth of Pennsylvania Public School Empls Retrmt SYS Trims Holdings in Piper Sandler Companies (NYSE:PIPR)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its position in Piper Sandler Companies (NYSE:PIPR – Free Report) by 4.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,506 shares of the company’s stock after selling 618 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.08% of Piper Sandler Companies worth $2,011,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of PIPR. Belpointe Asset Management LLC purchased a new position in Piper Sandler Companies during the fourth quarter valued at approximately $27,000. Steward Partners Investment Advisory LLC raised its position in Piper Sandler Companies by 328.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 227 shares of the company’s stock valued at $30,000 after acquiring an additional 174 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Piper Sandler Companies by 105.6% during the third quarter. Tower Research Capital LLC TRC now owns 1,275 shares of the company’s stock valued at $134,000 after acquiring an additional 655 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its position in Piper Sandler Companies by 8.2% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 1,093 shares of the company’s stock valued at $142,000 after acquiring an additional 83 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY raised its position in Piper Sandler Companies by 8.2% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 1,093 shares of the company’s stock valued at $142,000 after acquiring an additional 83 shares in the last quarter. 66.14% of the stock is currently owned by hedge funds and other institutional investors.

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Piper Sandler Companies Stock Down 1.7 %

Shares of PIPR opened at $136.93 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.50 and a debt-to-equity ratio of 0.10. Piper Sandler Companies has a 12 month low of $102.73 and a 12 month high of $162.20. The stock’s 50 day moving average is $140.23 and its two-hundred day moving average is $138.59. The firm has a market cap of $2.43 billion, a P/E ratio of 28.29 and a beta of 1.37.

Piper Sandler Companies (NYSE:PIPR – Get Free Report) last issued its quarterly earnings data on Friday, July 28th. The company reported $1.13 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.05). Piper Sandler Companies had a net margin of 6.27% and a return on equity of 13.20%. The business had revenue of $288.73 million during the quarter, compared to analyst estimates of $274.01 million. During the same period in the previous year, the business posted $2.47 earnings per share. The firm’s revenue for the quarter was down 18.0% on a year-over-year basis. Analysts predict that Piper Sandler Companies will post 7.97 earnings per share for the current fiscal year.

Piper Sandler Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Thursday, August 24th. Piper Sandler Companies’s dividend payout ratio is presently 49.59%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. JMP Securities reiterated a “market outperform” rating and set a $170.00 price target on shares of Piper Sandler Companies in a research report on Monday, July 31st. StockNews.com initiated coverage on Piper Sandler Companies in a research report on Thursday. They set a “hold” rating for the company.

Read Our Latest Stock Report on Piper Sandler Companies

Insider Transactions at Piper Sandler Companies

In other news, CEO Chad R. Abraham sold 2,223 shares of Piper Sandler Companies stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $130.27, for a total value of $289,590.21. Following the sale, the chief executive officer now directly owns 27,222 shares of the company’s stock, valued at $3,546,209.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.32% of the company’s stock.

About Piper Sandler Companies

(Free Report)

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 and institutional sales, trading, and research services for various equity and fixed income products.

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