Piper Sandler Companies (NYSE:PIPR) Announces Quarterly Earnings Results

Piper Sandler Companies (NYSE:PIPR) released its earnings results on Friday. The financial services provider reported $2.79 earnings per share for the quarter, beating 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 company had revenue of $335.29 million for the quarter, compared to analysts’ expectations of $314.97 million. During the same quarter in the previous year, the business posted $2.35 EPS. The business’s revenue for the quarter was up 15.5% on a year-over-year basis.

Piper Sandler Companies Price Performance

PIPR traded up $5.13 during trading on Friday, hitting $197.16. The stock had a trading volume of 153,700 shares, compared to its average volume of 91,872. The company has a 50 day moving average price of $194.02 and a 200-day moving average price of $188.45. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 39.91 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 Announces Dividend

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 $0.60 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $2.40 annualized dividend and a yield of 1.22%. Piper Sandler Companies’s dividend payout ratio (DPR) is presently 48.58%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. JMP Securities reiterated a “market perform” rating on shares of Piper Sandler Companies in a research report on Tuesday, April 9th. StockNews.com raised Piper Sandler Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th.

Insider Activity

In other news, President Debbra L. Schoneman sold 4,795 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $190.72, for a total transaction of $914,502.40. Following the completion of the sale, the president now directly owns 12,140 shares in the company, valued at approximately $2,315,340.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Jonathan J. Doyle sold 19,987 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 176,227 shares in the company, valued at approximately $32,408,145.30. The sale was disclosed in a filing with the SEC, which is available through this link. Also, President Debbra L. Schoneman sold 4,795 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $190.72, for a total value of $914,502.40. Following the sale, the president now owns 12,140 shares of the company’s stock, valued at $2,315,340.80. The disclosure for this sale can be found here. In the last three months, insiders sold 53,524 shares of company stock worth $9,838,711. 3.00% of the stock is currently 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.