Piper Sandler Companies (NYSE:PIPR) Stock Holdings Boosted by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC raised its position in shares of Piper Sandler Companies (NYSE:PIPR) by 35.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,420 shares of the financial services provider’s stock after purchasing an additional 1,410 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Piper Sandler Companies were worth $1,248,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in Piper Sandler Companies by 194.7% during the 2nd quarter. Blue Trust Inc. now owns 112 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 74 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Piper Sandler Companies by 62.1% during the 4th quarter. Parallel Advisors LLC now owns 167 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 64 shares during the last quarter. nVerses Capital LLC lifted its position in shares of Piper Sandler Companies by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 200 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 100 shares during the last quarter. Mather Group LLC. acquired a new stake in shares of Piper Sandler Companies during the 1st quarter valued at $64,000. Finally, FSC Wealth Advisors LLC lifted its position in shares of Piper Sandler Companies by 39.0% during the 2nd quarter. FSC Wealth Advisors LLC now owns 346 shares of the financial services provider’s stock valued at $80,000 after acquiring an additional 97 shares during the last quarter. 72.79% of the stock is owned by institutional investors.

Insider Buying and Selling at Piper Sandler Companies

In other Piper Sandler Companies news, insider Jonathan J. Doyle sold 12,695 shares of Piper Sandler Companies stock in a transaction on Monday, August 5th. The shares were sold at an average price of $236.63, for a total transaction of $3,004,017.85. Following the completion of the sale, the insider now owns 160,095 shares of the company’s stock, valued at approximately $37,883,279.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Philip Soran sold 1,792 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $263.92, for a total value of $472,944.64. Following the transaction, the director now owns 18,341 shares in the company, valued at $4,840,556.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jonathan J. Doyle sold 12,695 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $236.63, for a total transaction of $3,004,017.85. Following the transaction, the insider now directly owns 160,095 shares in the company, valued at approximately $37,883,279.85. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,276 shares of company stock worth $3,936,252. 3.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reiterated a “market perform” rating on shares of Piper Sandler Companies in a research report on Tuesday, June 11th.

Piper Sandler Companies Stock Performance

Shares of NYSE:PIPR opened at $258.74 on Wednesday. The stock has a fifty day moving average of $263.73 and a 200-day moving average of $244.39. The company has a market capitalization of $4.58 billion, a PE ratio of 44.00 and a beta of 1.40. Piper Sandler Companies has a one year low of $130.89 and a one year high of $280.45.

Piper Sandler Companies (NYSE:PIPR) last announced its quarterly earnings data on Friday, August 2nd. The financial services provider reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.26. Piper Sandler Companies had a return on equity of 15.36% and a net margin of 9.23%. The firm had revenue of $357.00 million during the quarter, compared to the consensus estimate of $338.90 million. During the same period in the prior year, the business earned $1.13 EPS. The business’s revenue for the quarter was up 23.7% on a year-over-year basis. As a group, research analysts forecast that Piper Sandler Companies will post 11.53 EPS for the current fiscal year.

Piper Sandler Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Thursday, August 29th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Thursday, August 29th. This is an increase from Piper Sandler Companies’s previous quarterly dividend of $0.60. This represents a $2.60 dividend on an annualized basis and a yield of 1.00%. Piper Sandler Companies’s payout ratio is presently 44.22%.

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.