Oliver Luxxe Assets LLC Increases Stock Holdings in Piper Sandler Companies (NYSE:PIPR)

Oliver Luxxe Assets LLC grew its position in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) by 84.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 11,202 shares of the financial services provider's stock after acquiring an additional 5,129 shares during the period. Oliver Luxxe Assets LLC owned about 0.06% of Piper Sandler Companies worth $3,179,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in shares of Piper Sandler Companies by 194.7% during the second quarter. Blue Trust Inc. now owns 112 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 74 shares in the last quarter. nVerses Capital LLC grew its stake 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 worth $46,000 after acquiring an additional 100 shares during the period. USA Financial Formulas purchased a new position in shares of Piper Sandler Companies during the third quarter valued at approximately $77,000. CWM LLC lifted its position in Piper Sandler Companies by 22.5% during the third quarter. CWM LLC now owns 310 shares of the financial services provider's stock valued at $88,000 after purchasing an additional 57 shares during the period. Finally, Mather Group LLC. purchased a new stake in Piper Sandler Companies in the first quarter worth approximately $64,000. Institutional investors own 72.79% of the company's stock.

Analyst Ratings Changes

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

Insider Transactions at Piper Sandler Companies

In other Piper Sandler Companies news, insider Jonathan J. Doyle sold 12,695 shares of the company's stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $236.63, for a total value of $3,004,017.85. Following the completion of the transaction, the insider now directly owns 160,095 shares in the company, valued at $37,883,279.85. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Jonathan J. Doyle sold 12,695 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $236.63, for a total transaction of $3,004,017.85. Following the completion of the sale, the insider now owns 160,095 shares in the company, valued at approximately $37,883,279.85. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel John W. Geelan sold 1,789 shares of Piper Sandler Companies stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $256.73, for a total value of $459,289.97. Following the sale, the general counsel now directly owns 15,065 shares in the company, valued at $3,867,637.45. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,276 shares of company stock valued at $3,936,252 over the last quarter. 3.00% of the stock is currently owned by company insiders.

Piper Sandler Companies Stock Performance

Shares of NYSE PIPR traded up $1.84 during midday trading on Monday, hitting $294.59. 94,700 shares of the company's stock traded hands, compared to its average volume of 106,972. The stock has a market capitalization of $5.21 billion, a price-to-earnings ratio of 50.10 and a beta of 1.39. The firm has a fifty day moving average of $280.42 and a 200 day moving average of $267.03. Piper Sandler Companies has a 1 year low of $130.89 and a 1 year high of $295.80.

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

Piper Sandler Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Thursday, August 29th were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend was Thursday, August 29th. This is a positive change from Piper Sandler Companies's previous quarterly dividend of $0.60. Piper Sandler Companies's payout ratio is currently 44.22%.

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.