Piper Sandler Companies (NYSE:PIPR – Get Free Report) President Debbra Schoneman sold 39,708 shares of the company’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $67.38, for a total value of $2,675,525.04. Following the transaction, the president directly owned 11,752 shares of the company’s stock, valued at approximately $791,849.76. This represents a 77.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Piper Sandler Companies Stock Performance
PIPR opened at $70.20 on Thursday. Piper Sandler Companies has a one year low of $61.35 and a one year high of $95.07. The company has a market cap of $4.96 billion, a P/E ratio of 16.52, a PEG ratio of 2.17 and a beta of 1.39. The business’s 50-day simple moving average is $69.43 and its 200-day simple moving average is $76.81.
Piper Sandler Companies (NYSE:PIPR – Get Free Report) last posted its earnings results on Friday, October 30th. The company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.06). The business had revenue of $456.04 million for the quarter, compared to analysts’ expectations of $467.39 million. Piper Sandler Companies had a return on equity of 21.11% and a net margin of 14.53%. Piper Sandler Companies’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.82 EPS. As a group, analysts predict that Piper Sandler Companies will post 4.10 earnings per share for the current fiscal year.
Piper Sandler Companies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Tuesday, November 24th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, November 24th. Piper Sandler Companies’s dividend payout ratio is currently 18.82%.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. grew its position in shares of Piper Sandler Companies by 71.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 346 shares of the company’s stock worth $118,000 after acquiring an additional 144 shares during the last quarter. Sterling Capital Management LLC increased its holdings in shares of Piper Sandler Companies by 296.5% in the 1st quarter. Sterling Capital Management LLC now owns 452 shares of the company’s stock valued at $35,000 after acquiring an additional 338 shares during the period. Parkside Financial Bank & Trust acquired a new position in shares of Piper Sandler Companies in the 2nd quarter valued at $37,000. Integrated Wealth Concepts LLC purchased a new stake in Piper Sandler Companies in the 2nd quarter valued at $87,000. Finally, Corient Private Wealth LLC raised its position in Piper Sandler Companies by 16.7% in the 4th quarter. Corient Private Wealth LLC now owns 1,202 shares of the company’s stock valued at $408,000 after purchasing an additional 172 shares during the last quarter. Institutional investors and hedge funds own 72.79% of the company’s stock.
Analysts Set New Price Targets
Several analysts have recently weighed in on the stock. Zacks Research downgraded shares of Piper Sandler Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 13th. Bank of America reaffirmed an “underperform” rating and issued a $69.00 target price on shares of Piper Sandler Companies in a research report on Tuesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Piper Sandler Companies in a research report on Monday, August 17th. Finally, The Goldman Sachs Group set a $80.00 price target on shares of Piper Sandler Companies and gave the stock a “buy” rating in a research note on Thursday, October 1st. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $84.00.
Get Our Latest Stock Report on Piper Sandler Companies
Trending Headlines about Piper Sandler Companies
Here are the key news stories impacting Piper Sandler Companies this week:
- Positive Sentiment: Recent coverage points to buyback news as a potential source of support; one analysis sees PIPR as roughly 15% below fair value. Another cautions that the shares may still trade at a premium, so the valuation outlook is mixed. Piper Sandler Could Be Below Fair Value As Buyback News Lifts Shares Piper Sandler Stock May Trade At A Premium Despite Buyback News
- Neutral Sentiment: Piper Sandler declared a quarterly dividend of $0.20 per share ($0.80 annualized), offering a modest income return.
- Negative Sentiment: President Debbra Schoneman sold 39,708 shares for about $2.68 million, reducing her direct holdings by 77.16%. The filing did not state the reason for the sale. President Sells 39,708 Shares
- Negative Sentiment: Northland Securities cut its FY2027 EPS forecast to $4.39 from $5.25 and lowered estimates for FY2026 and future quarters, pointing to weaker earnings expectations.
- Negative Sentiment: The latest reported quarter missed consensus: EPS was $0.87 versus $0.93 expected, and revenue of $456.0 million fell short of estimates and declined 4.9% year over year.
Piper Sandler Companies Company Profile
Piper Sandler Companies (NYSE:PIPR) is an investment banking and institutional securities firm that provides financial services to corporations, financial institutions, public-sector entities, institutional investors and private equity firms. The company offers advisory and capital-raising services, including mergers and acquisitions, equity and debt offerings, restructuring and other strategic transactions.
Its institutional securities activities include equity research, sales and trading, fixed-income services and market-making.
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