Fisher Asset Management LLC Has $17.92 Million Stock Position in Piper Sandler Companies (NYSE:PIPR)

Fisher Asset Management LLC lowered its stake in Piper Sandler Companies (NYSE:PIPR - Free Report) by 12.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 102,449 shares of the financial services provider's stock after selling 15,193 shares during the quarter. Fisher Asset Management LLC owned about 0.58% of Piper Sandler Companies worth $17,915,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC acquired a new stake in shares of Piper Sandler Companies in the fourth quarter valued at about $29,000. West Oak Capital LLC acquired a new stake in Piper Sandler Companies during the 4th quarter valued at approximately $33,000. Vanguard Personalized Indexing Management LLC acquired a new stake in Piper Sandler Companies during the 3rd quarter valued at approximately $201,000. Obermeyer Wood Investment Counsel Lllp acquired a new stake in Piper Sandler Companies during the 3rd quarter valued at approximately $213,000. Finally, V Wealth Advisors LLC acquired a new stake in Piper Sandler Companies during the 3rd quarter valued at approximately $218,000. Institutional investors and hedge funds own 72.79% of the company's stock.

Piper Sandler Companies Stock Up 1.9 %

Shares of PIPR traded up $3.84 during mid-day trading on Monday, hitting $209.98. The stock had a trading volume of 117,100 shares, compared to its average volume of 97,439. The company has a market cap of $3.72 billion, a PE ratio of 35.71 and a beta of 1.40. The company's fifty day simple moving average is $195.39 and its two-hundred day simple moving average is $191.07. Piper Sandler Companies has a fifty-two week low of $121.57 and a fifty-two week high of $211.59.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last issued its earnings results on Friday, April 26th. The financial services provider reported $2.79 EPS for the quarter, topping the consensus estimate of $1.89 by $0.90. The company had revenue of $335.29 million during the quarter, compared to analyst estimates of $314.97 million. Piper Sandler Companies had a return on equity of 13.83% and a net margin of 7.33%. The business's revenue was up 15.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.35 EPS. Equities analysts expect that Piper Sandler Companies will post 11.82 earnings per share for the current year.

Piper Sandler Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 24th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.14%. The ex-dividend date is Thursday, May 23rd. Piper Sandler Companies's payout ratio is currently 40.82%.

Analysts Set New Price Targets

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

Insider Buying and Selling at Piper Sandler Companies

In other Piper Sandler Companies news, CEO Chad R. Abraham sold 11,307 shares of Piper Sandler Companies stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $180.18, for a total transaction of $2,037,295.26. Following the sale, the chief executive officer now owns 24,116 shares of the company's stock, valued at approximately $4,345,220.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Piper Sandler Companies news, CEO Chad R. Abraham sold 11,307 shares of Piper Sandler Companies stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $180.18, for a total transaction of $2,037,295.26. Following the sale, the chief executive officer now owns 24,116 shares of the company's stock, valued at approximately $4,345,220.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jonathan J. Doyle sold 2,013 shares of the business's 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 sale, the insider now directly owns 166,214 shares in the company, valued at approximately $29,883,615.06. The disclosure for this sale can be found here. Insiders have sold 21,875 shares of company stock valued at $4,009,781 in the last quarter. Corporate insiders own 3.00% of the company's stock.

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.