Piper Sandler Companies $PIPR Shares Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH increased its position in Piper Sandler Companies (NYSE:PIPR) by 6.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,779 shares of the financial services provider’s stock after acquiring an additional 870 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.08% of Piper Sandler Companies worth $4,108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. CENTRAL TRUST Co purchased a new position in shares of Piper Sandler Companies in the second quarter worth about $28,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Piper Sandler Companies by 495.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 125 shares of the financial services provider’s stock valued at $31,000 after buying an additional 104 shares during the last quarter. AdvisorNet Financial Inc increased its holdings in Piper Sandler Companies by 48.1% in the 2nd quarter. AdvisorNet Financial Inc now owns 114 shares of the financial services provider’s stock worth $32,000 after buying an additional 37 shares during the period. Wealth Preservation Advisors LLC purchased a new position in Piper Sandler Companies during the 1st quarter worth approximately $37,000. Finally, Geneos Wealth Management Inc. lifted its stake in Piper Sandler Companies by 46.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 170 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 54 shares during the period. Hedge funds and other institutional investors own 72.79% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PIPR shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Piper Sandler Companies in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Piper Sandler Companies from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Zacks Research upgraded Piper Sandler Companies from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Finally, The Goldman Sachs Group raised Piper Sandler Companies from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $368.00 to $386.00 in a report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Piper Sandler Companies presently has a consensus rating of “Moderate Buy” and an average price target of $362.50.

Piper Sandler Companies Stock Performance

Shares of Piper Sandler Companies stock opened at $323.23 on Friday. The firm has a 50-day simple moving average of $338.26 and a two-hundred day simple moving average of $309.71. Piper Sandler Companies has a fifty-two week low of $202.91 and a fifty-two week high of $374.77. The company has a market cap of $5.72 billion, a P/E ratio of 27.28 and a beta of 1.50.

Piper Sandler Companies (NYSE:PIPR) last posted its earnings results on Friday, October 31st. The financial services provider reported $3.82 EPS for the quarter, beating analysts’ consensus estimates of $2.96 by $0.86. The firm had revenue of $455.31 million for the quarter, compared to analysts’ expectations of $408.40 million. Piper Sandler Companies had a return on equity of 18.67% and a net margin of 13.18%.The company’s quarterly revenue was up 33.3% on a year-over-year basis. During the same period last year, the firm earned $2.57 EPS. Equities research analysts forecast that Piper Sandler Companies will post 14.14 EPS for the current year.

Piper Sandler Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Tuesday, November 25th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, November 25th. Piper Sandler Companies’s dividend payout ratio is presently 21.10%.

Insider Activity at Piper Sandler Companies

In other news, CFO Katherine Patricia Clune sold 1,367 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $324.69, for a total transaction of $443,851.23. Following the transaction, the chief financial officer owned 10,425 shares in the company, valued at $3,384,893.25. This trade represents a 11.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Debbra L. Schoneman sold 2,500 shares of Piper Sandler Companies stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $330.33, for a total transaction of $825,825.00. Following the completion of the sale, the president directly owned 2,896 shares in the company, valued at $956,635.68. This represents a 46.33% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 2.70% of the company’s stock.

Piper Sandler Companies 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.