Moody Aldrich Partners LLC Boosts Position in Piper Sandler Companies (NYSE:PIPR)

Moody Aldrich Partners LLC lifted its stake in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) by 14.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 24,202 shares of the financial services provider's stock after acquiring an additional 3,124 shares during the period. Piper Sandler Companies accounts for about 1.2% of Moody Aldrich Partners LLC's portfolio, making the stock its 25th largest position. Moody Aldrich Partners LLC owned approximately 0.14% of Piper Sandler Companies worth $6,869,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. grew its stake in 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 during the period. nVerses Capital LLC grew its position in Piper Sandler Companies by 100.0% in the 2nd quarter. nVerses Capital LLC now owns 200 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 100 shares during the period. USA Financial Formulas bought a new stake in Piper Sandler Companies during the 3rd quarter valued at $77,000. FSC Wealth Advisors LLC raised its holdings in Piper Sandler Companies by 39.0% during the second quarter. FSC Wealth Advisors LLC now owns 346 shares of the financial services provider's stock worth $80,000 after buying an additional 97 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of Piper Sandler Companies by 22.5% in the third quarter. CWM LLC now owns 310 shares of the financial services provider's stock valued at $88,000 after buying an additional 57 shares in the last quarter. 72.79% of the stock is owned by institutional investors.

Piper Sandler Companies Stock Up 0.4 %

NYSE PIPR traded up $1.09 on Thursday, reaching $289.48. The company had a trading volume of 150,300 shares, compared to its average volume of 106,836. The company's fifty day moving average is $289.73 and its 200 day moving average is $272.90. Piper Sandler Companies has a 52-week low of $130.89 and a 52-week high of $306.10. The stock has a market capitalization of $5.12 billion, a P/E ratio of 49.23 and a beta of 1.39.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last released its quarterly earnings results 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. The company had revenue of $357.00 million for the quarter, compared to analyst estimates 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 last year, the firm earned $1.13 earnings per share. On average, research analysts expect that Piper Sandler Companies will post 11.53 EPS for the current year.

Piper Sandler Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Thursday, August 29th were given a dividend of $0.65 per share. 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. This represents a $2.60 annualized dividend and a dividend yield of 0.90%. Piper Sandler Companies's dividend payout ratio (DPR) is currently 44.22%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other Piper Sandler Companies news, insider Jonathan J. Doyle sold 12,695 shares of the business's stock in a transaction dated 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 transaction, the insider now directly owns 160,095 shares in the company, valued at $37,883,279.85. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Piper Sandler Companies news, insider Jonathan J. Doyle sold 12,695 shares of the firm's 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel John W. Geelan sold 1,789 shares of the business's stock in a transaction 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 completion of the sale, the general counsel now owns 15,065 shares in the company, valued at approximately $3,867,637.45. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,276 shares of company stock valued at $3,936,252 in the last ninety days. 3.00% of the stock is currently owned by 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.