Piper Sandler Companies (NYSE:PIPR) Stock Holdings Lessened by Burney Co.

Burney Co. lowered its stake in shares of Piper Sandler Companies (NYSE:PIPR) by 50.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,971 shares of the financial services provider’s stock after selling 3,078 shares during the period. Burney Co.’s holdings in Piper Sandler Companies were worth $590,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC bought a new position in Piper Sandler Companies during the fourth quarter valued at about $29,000. Parallel Advisors LLC boosted its stake in 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 purchasing an additional 64 shares during the period. Mather Group LLC. acquired a new stake in Piper Sandler Companies in the 1st quarter valued at approximately $64,000. Quadrant Capital Group LLC lifted its holdings in shares of Piper Sandler Companies by 21.1% during the fourth quarter. Quadrant Capital Group LLC now owns 460 shares of the financial services provider’s stock worth $80,000 after buying an additional 80 shares during the last quarter. Finally, EntryPoint Capital LLC acquired a new position in shares of Piper Sandler Companies during the first quarter worth approximately $90,000. 72.79% of the stock is currently owned by hedge funds and other institutional investors.

Piper Sandler Companies Stock Down 6.7 %

PIPR traded down $17.57 during trading on Friday, reaching $244.54. 320,900 shares of the company’s stock were exchanged, compared to its average volume of 169,562. Piper Sandler Companies has a fifty-two week low of $130.89 and a fifty-two week high of $280.45. The company has a market capitalization of $4.33 billion, a P/E ratio of 41.59 and a beta of 1.41. The business has a 50 day moving average price of $251.60 and a 200 day moving average price of $224.33.

Piper Sandler Companies (NYSE:PIPR) last posted its quarterly earnings results 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. The firm had revenue of $357.00 million during the quarter, compared to analyst estimates of $338.90 million. Piper Sandler Companies had a net margin of 7.33% and a return on equity of 13.65%. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.13 earnings per share. As a group, research analysts forecast that Piper Sandler Companies will post 11.82 EPS for the current year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, President Debbra L. Schoneman sold 1,022 shares of the 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 filing with the Securities & Exchange Commission, which is available at the SEC website. In other Piper Sandler Companies news, General Counsel John W. Geelan sold 1,570 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $211.14, for a total value of $331,489.80. Following the transaction, the general counsel now owns 16,854 shares of the company’s stock, valued at $3,558,553.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President Debbra L. Schoneman sold 1,022 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $213.27, for a total value of $217,961.94. Following the completion of the sale, the president now owns 43,083 shares of the company’s stock, valued at $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 company insiders.

About Piper Sandler Companies

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.