Piper Sandler Companies (NYSE:PIPR) Announces Earnings Results

Piper Sandler Companies (NYSE:PIPR) posted its quarterly earnings data on Friday. The financial services provider reported $2.79 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.90, Briefing.com reports. Piper Sandler Companies had a return on equity of 13.27% and a net margin of 6.33%. The firm had revenue of $335.29 million during the quarter, compared to analyst estimates of $314.97 million. During the same period last year, the company posted $2.35 EPS. The business’s quarterly revenue was up 15.5% on a year-over-year basis.

Piper Sandler Companies Stock Performance

Piper Sandler Companies stock traded up $5.13 during mid-day trading on Friday, reaching $197.16. The stock had a trading volume of 153,700 shares, compared to its average volume of 91,872. The firm has a market capitalization of $3.49 billion, a PE ratio of 39.91 and a beta of 1.42. Piper Sandler Companies has a fifty-two week low of $120.97 and a fifty-two week high of $202.76. The stock’s 50-day simple moving average is $194.02 and its 200-day simple moving average is $188.45.

Piper Sandler Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Friday, March 1st. Piper Sandler Companies’s dividend payout ratio (DPR) is currently 48.58%.

Analyst Upgrades and Downgrades

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

Insider Transactions at Piper Sandler Companies

In related news, insider Jonathan J. Doyle sold 2,013 shares of Piper Sandler Companies stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $179.79, for a total value of $361,917.27. Following the completion of the sale, the insider now owns 166,214 shares of the company’s stock, valued at approximately $29,883,615.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, 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 value of $3,675,609.30. Following the completion of the sale, the insider now directly owns 176,227 shares of the company’s stock, valued at $32,408,145.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jonathan J. Doyle sold 2,013 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $179.79, for a total value of $361,917.27. Following the completion of the transaction, the insider now owns 166,214 shares in the company, valued at approximately $29,883,615.06. The disclosure for this sale can be found here. Insiders have sold 53,524 shares of company stock valued at $9,838,711 over the last ninety days. 3.00% of the stock is owned by company insiders.

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.