Public Employees Retirement System of Ohio Cuts Stock Holdings in Piper Sandler Companies (NYSE:PIPR)

Public Employees Retirement System of Ohio trimmed its stake in shares of Piper Sandler Companies (NYSE:PIPR) by 19.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,902 shares of the financial services provider’s stock after selling 4,625 shares during the period. Public Employees Retirement System of Ohio’s holdings in Piper Sandler Companies were worth $3,752,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC bought a new stake in shares of Piper Sandler Companies in the 4th quarter worth about $29,000. Parallel Advisors LLC lifted its holdings in shares of Piper Sandler Companies by 62.1% in the 4th quarter. Parallel Advisors LLC now owns 167 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 64 shares during the last quarter. Mather Group LLC. bought a new stake in shares of Piper Sandler Companies in the 1st quarter worth about $64,000. Quadrant Capital Group LLC lifted its holdings in shares of Piper Sandler Companies by 21.1% in the 4th quarter. Quadrant Capital Group LLC now owns 460 shares of the financial services provider’s stock worth $80,000 after acquiring an additional 80 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new stake in shares of Piper Sandler Companies in the 1st quarter worth about $90,000. 72.79% of the stock is owned by hedge funds and other institutional investors.

Piper Sandler Companies Price Performance

Shares of PIPR opened at $262.11 on Friday. Piper Sandler Companies has a 1-year low of $130.89 and a 1-year high of $280.45. The company has a 50-day moving average of $251.03 and a 200 day moving average of $223.65. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of 44.58 and a beta of 1.40.

Analyst Ratings Changes

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

Insider Activity at Piper Sandler Companies

In related news, President Debbra L. Schoneman sold 1,022 shares of Piper Sandler Companies stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $213.27, for a total transaction of $217,961.94. Following the completion of the sale, the president now owns 43,083 shares in the company, valued at approximately $9,188,311.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Piper Sandler Companies news, President Debbra L. Schoneman sold 3,978 shares of the firm’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $212.29, for a total transaction of $844,489.62. Following the transaction, the president now owns 44,105 shares of the company’s stock, valued at approximately $9,363,050.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Debbra L. Schoneman sold 1,022 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $213.27, for a total transaction of $217,961.94. Following the transaction, the president now directly owns 43,083 shares in the company, valued at approximately $9,188,311.41. The disclosure for this sale can be found here. Insiders sold 6,570 shares of company stock worth $1,393,941 in the last 90 days. 3.00% of the stock is owned by corporate 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.