Piper Sandler Companies (NYSE:PIPR) Shares Purchased by Millennium Management LLC

Millennium Management LLC grew its stake in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) by 66.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 77,804 shares of the financial services provider's stock after acquiring an additional 30,942 shares during the period. Millennium Management LLC owned about 0.44% of Piper Sandler Companies worth $17,908,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Blue Trust Inc. raised its holdings in shares of Piper Sandler Companies by 194.7% in the second quarter. Blue Trust Inc. now owns 112 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 74 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Piper Sandler Companies by 62.1% in the fourth quarter. Parallel Advisors LLC now owns 167 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 64 shares in the last quarter. nVerses Capital LLC raised its holdings in shares of Piper Sandler Companies by 100.0% in the second quarter. nVerses Capital LLC now owns 200 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 100 shares in the last quarter. Mather Group LLC. bought a new stake in shares of Piper Sandler Companies in the first quarter valued at about $64,000. Finally, FSC Wealth Advisors LLC raised its holdings in shares of Piper Sandler Companies by 39.0% in the second quarter. FSC Wealth Advisors LLC now owns 346 shares of the financial services provider's stock valued at $80,000 after acquiring an additional 97 shares in the last quarter. Hedge funds and other institutional investors own 72.79% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, JMP Securities restated a "market perform" rating on shares of Piper Sandler Companies in a report on Tuesday, September 17th.

Piper Sandler Companies Trading Up 3.1 %

Piper Sandler Companies stock traded up $8.62 during trading hours on Friday, reaching $290.89. The stock had a trading volume of 85,200 shares, compared to its average volume of 98,510. The stock has a 50 day moving average of $274.45. Piper Sandler Companies has a 52 week low of $130.89 and a 52 week high of $291.20. The company has a market capitalization of $5.15 billion, a P/E ratio of 49.47 and a beta of 1.39.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last posted its quarterly earnings data on Friday, August 2nd. The financial services provider reported $2.52 earnings per share for the quarter, beating analysts' consensus estimates of $2.26 by $0.26. Piper Sandler Companies had a net margin of 9.23% and a return on equity of 15.36%. The firm had revenue of $357.00 million for the quarter, compared to analyst estimates of $338.90 million. During the same period last year, the firm posted $1.13 EPS. Piper Sandler Companies's quarterly revenue was up 23.7% on a year-over-year basis. On average, equities analysts anticipate that Piper Sandler Companies will post 11.53 earnings per share for the current fiscal year.

Piper Sandler Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Thursday, August 29th were given a dividend of $0.65 per share. This is a positive change from Piper Sandler Companies's previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend was Thursday, August 29th. Piper Sandler Companies's payout ratio is presently 44.22%.

Insiders Place Their Bets

In other Piper Sandler Companies news, insider Jonathan J. Doyle sold 12,695 shares of the business's stock in a transaction on Monday, August 5th. The shares were sold at an average price of $236.63, for a total transaction of $3,004,017.85. Following the sale, the insider now directly owns 160,095 shares in the company, valued at approximately $37,883,279.85. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, General Counsel John W. Geelan sold 1,789 shares of Piper Sandler Companies stock in a transaction on Friday, August 9th. The stock was 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 $3,867,637.45. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jonathan J. Doyle sold 12,695 shares of Piper Sandler Companies stock in a transaction on Monday, August 5th. The stock was sold at an average price of $236.63, for a total value of $3,004,017.85. Following the transaction, the insider now directly owns 160,095 shares of the company's stock, valued at $37,883,279.85. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,276 shares of company stock worth $3,936,252. 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.