Louisiana State Employees Retirement System Invests $1.31 Million in Piper Sandler Companies (NYSE:PIPR)

Louisiana State Employees Retirement System acquired a new position in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,500 shares of the financial services provider's stock, valued at approximately $1,312,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Victory Capital Management Inc. boosted its stake in Piper Sandler Companies by 0.9% in the third quarter. Victory Capital Management Inc. now owns 7,775 shares of the financial services provider's stock worth $1,130,000 after buying an additional 70 shares in the last quarter. Oliver Luxxe Assets LLC boosted its stake in Piper Sandler Companies by 4.3% in the third quarter. Oliver Luxxe Assets LLC now owns 4,203 shares of the financial services provider's stock worth $611,000 after buying an additional 174 shares in the last quarter. West Oak Capital LLC purchased a new stake in Piper Sandler Companies in the fourth quarter worth approximately $33,000. Mariner LLC boosted its stake in Piper Sandler Companies by 5.2% in the third quarter. Mariner LLC now owns 5,166 shares of the financial services provider's stock worth $751,000 after buying an additional 256 shares in the last quarter. Finally, Swiss National Bank lifted its position in Piper Sandler Companies by 0.8% in the third quarter. Swiss National Bank now owns 39,000 shares of the financial services provider's stock valued at $5,667,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 72.79% of the company's stock.

Piper Sandler Companies Stock Performance

Shares of Piper Sandler Companies stock traded up $5.70 during midday trading on Monday, reaching $191.47. 83,300 shares of the company's stock traded hands, compared to its average volume of 94,635. The company has a market cap of $3.39 billion, a PE ratio of 38.76 and a beta of 1.42. The stock has a 50 day moving average of $194.00 and a 200-day moving average of $187.16. Piper Sandler Companies has a 12 month low of $120.97 and a 12 month high of $202.76.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last announced its earnings results on Friday, February 2nd. The financial services provider reported $4.03 EPS for the quarter, beating analysts' consensus estimates of $2.61 by $1.42. The company had revenue of $457.39 million during the quarter, compared to the consensus estimate of $370.12 million. Piper Sandler Companies had a return on equity of 13.27% and a net margin of 6.33%. The firm's revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.33 earnings per share. On average, equities analysts anticipate that Piper Sandler Companies will post 11.17 earnings per share for the current fiscal year.

Piper Sandler Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.25%. Piper Sandler Companies's dividend payout ratio is presently 48.58%.

Wall Street Analyst Weigh In

Several analysts have weighed in on PIPR shares. StockNews.com upgraded Piper Sandler Companies from a "hold" rating to a "buy" rating in a research report on Wednesday, February 28th. JMP Securities reiterated a "market perform" rating on shares of Piper Sandler Companies in a research report on Tuesday, April 9th.

Insider Activity at Piper Sandler Companies

In related news, insider Jonathan J. Doyle sold 2,013 shares of the company's stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $179.79, for a total transaction of $361,917.27. Following the completion of the transaction, the insider now owns 166,214 shares in the company, valued at $29,883,615.06. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Piper Sandler Companies news, insider Jonathan J. Doyle sold 2,013 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $179.79, for a total value of $361,917.27. Following the completion of the transaction, the insider now owns 166,214 shares in the company, valued at $29,883,615.06. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Debbra L. Schoneman sold 4,795 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $190.72, for a total value of $914,502.40. Following the completion of the transaction, the president now owns 12,140 shares of the company's stock, valued at approximately $2,315,340.80. The disclosure for this sale can be found here. Insiders sold a total of 53,524 shares of company stock worth $9,838,711 over the last quarter. 3.00% of the stock is owned by corporate insiders.

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.