Nisa Investment Advisors LLC reduced its position in Piper Sandler Companies (NYSE:PIPR)

Nisa Investment Advisors LLC lessened its holdings in shares of Piper Sandler Companies (NYSE:PIPR – Free Report) by 5.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,661 shares of the financial services provider’s stock after selling 350 shares during the period. Nisa Investment Advisors LLC’s holdings in Piper Sandler Companies were worth $1,533,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Piper Sandler Companies by 1.1% in the first quarter. Vanguard Group Inc. now owns 1,971,201 shares of the financial services provider’s stock worth $391,264,000 after purchasing an additional 20,891 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Piper Sandler Companies by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 506,340 shares of the financial services provider’s stock valued at $88,546,000 after buying an additional 5,851 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Piper Sandler Companies by 1.6% during the 4th quarter. Franklin Resources Inc. now owns 316,893 shares of the financial services provider’s stock worth $55,415,000 after purchasing an additional 5,089 shares in the last quarter. Lord Abbett & CO. LLC grew its position in shares of Piper Sandler Companies by 7.4% in the first quarter. Lord Abbett & CO. LLC now owns 285,542 shares of the financial services provider’s stock worth $56,677,000 after purchasing an additional 19,662 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Piper Sandler Companies by 37.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 220,638 shares of the financial services provider’s stock valued at $38,583,000 after purchasing an additional 59,915 shares in the last quarter. 72.79% of the shares are currently owned by institutional investors and hedge funds.

Analysts set new price targets

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

Check out the latest stock report on PIPR

Price performance of Piper Sandler companies

NYSE:PIPR opened at $265.33 on Friday. The firm has a market cap of $4.70 billion, a PE ratio of 45.12 and a beta of 1.41. The firm has a 50-day simple moving average of $261.30 and a 200-day simple moving average of $234.54. Piper Sandler Companies has a 1 year low of $130.89 and a 1 year high of $280.45.

Piper Sandler Companies (NYSE:PIPR – Get Free Report ) last posted its quarterly earnings results on Friday, August 2nd. The financial services provider reported $2.52 earnings per share 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 company had revenue of $357.00 million during the quarter, compared to the consensus estimate of $338.90 million. During the same period in the previous year, the firm posted EPS of $1.13. Piper Sandler Companies’ revenue rose 23.7% year over year. As a group, sell-side analysts expect that Piper Sandler Companies will post 11.53 earnings per share for the current fiscal year.

Piper Sandler Companies Increases Dividends

The firm also recently announced 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 29. This is an increase from Piper Sandler Companies’ previous quarterly dividend of $0.60. This represents an annualized dividend of $2.60 and a yield of 0.98%. Piper Sandler Companies’ dividend payout ratio is 40.82%.

Insiders place their bets

In other news, General Counsel John W. Geelan sold 1,789 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $256.73, for a total transaction of $459,289.97. Following the completion of the transaction, the general counsel now owns 15,065 shares of the company’s stock, valued at approximately $3,867,637.45. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Piper Sandler Company news, Director Philip Soran sold 1,792 shares of the company’s stock in a transaction dated 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 directly owns 18,341 shares of the company’s stock, valued at $4,840,556.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Also, General Counsel John W. Geelan sold 1,789 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $256.73, for a total value of $459,289.97. Following the completion of the sale, the general counsel now directly owns 15,065 shares of the company’s stock, valued at approximately $3,867,637.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,276 shares of company stock worth $3,936,252. Insiders own 3.00% of the company’s shares.

About Piper Sandler Companies

(Free report)

Piper Sandler Companies operates as an investment bank and institutional securities firm serving corporations, private equity groups, public entities, not-for-profit entities and institutional investors in the United States and internationally. Provides investment banking and institutional sales, trading and research services for various equity and fixed income products; advisory services such as mergers and acquisitions, private equity and debt placements and debt and restructuring advice; raise capital through equity and debt financing; subscribes to municipal broadcasts; and municipal financial advisory and loan placement services, as well as various over-the-counter derivative products.

Recommended articles

Get daily news and ratings for Piper Sandler companies – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Piper Sandler Companies and related companies with MarketBeat.com’s FREE daily email newsletter.