Piper Sandler Companies (NYSE:PIPR) Releases Quarterly Earnings Results

Piper Sandler Companies (NYSE:PIPR - Get Free Report) announced its quarterly earnings data on Friday. The financial services provider reported $2.79 EPS for the quarter, beating the consensus estimate of $1.89 by $0.90, Briefing.com reports. The firm had revenue of $335.29 million for the quarter, compared to the consensus estimate of $314.97 million. Piper Sandler Companies had a net margin of 6.33% and a return on equity of 13.27%. The company's revenue was up 15.5% on a year-over-year basis. During the same period last year, the firm earned $2.35 EPS.

Piper Sandler Companies Trading Up 2.7 %

NYSE PIPR traded up $5.13 during trading hours on Friday, hitting $197.16. 153,700 shares of the company were exchanged, compared to its average volume of 91,872. The stock has a 50-day moving average price of $194.02. Piper Sandler Companies has a 52 week low of $120.97 and a 52 week high of $202.76. The stock has a market capitalization of $3.49 billion, a PE ratio of 33.53 and a beta of 1.42.

Piper Sandler Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $2.40 annualized dividend and a yield of 1.22%. Piper Sandler Companies's payout ratio is currently 40.82%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. JMP Securities reaffirmed a "market perform" rating on shares of Piper Sandler Companies in a research note on Tuesday, April 9th. StockNews.com raised shares of Piper Sandler Companies from a "hold" rating to a "buy" rating in a research note on Wednesday, February 28th.

Insiders Place Their Bets

In other Piper Sandler Companies news, President Debbra L. Schoneman sold 205 shares of the business's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $190.05, for a total transaction of $38,960.25. Following the sale, the president now directly owns 16,935 shares of the company's stock, valued at $3,218,496.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, President Debbra L. Schoneman sold 205 shares of the company's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $190.05, for a total transaction of $38,960.25. Following the transaction, the president now owns 16,935 shares of the company's stock, valued at $3,218,496.75. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Chad R. Abraham sold 11,307 shares of the company's stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $180.18, for a total value of $2,037,295.26. Following the transaction, the chief executive officer now directly owns 24,116 shares in the company, valued at approximately $4,345,220.88. The disclosure for this sale can be found here. Insiders have sold 53,524 shares of company stock valued at $9,838,711 over the last ninety days. 3.00% of the stock is owned by 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.