Creative Planning Acquires 2,399 Shares of Piper Sandler Companies (NYSE:PIPR)

Creative Planning grew its position in Piper Sandler Companies (NYSE:PIPR - Free Report) by 34.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,287 shares of the financial services provider's stock after purchasing an additional 2,399 shares during the period. Creative Planning owned about 0.05% of Piper Sandler Companies worth $2,636,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. lifted its position in Piper Sandler Companies by 194.7% during the 2nd quarter. Blue Trust Inc. now owns 112 shares of the financial services provider's stock worth $26,000 after buying an additional 74 shares in the last quarter. nVerses Capital LLC lifted its position in Piper Sandler Companies by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 200 shares of the financial services provider's stock worth $46,000 after buying an additional 100 shares in the last quarter. USA Financial Formulas acquired a new position in Piper Sandler Companies during the 3rd quarter worth about $77,000. FSC Wealth Advisors LLC lifted its position in Piper Sandler Companies by 39.0% during the 2nd 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 in the last quarter. Finally, CWM LLC lifted its position in Piper Sandler Companies by 22.5% during the 3rd quarter. CWM LLC now owns 310 shares of the financial services provider's stock worth $88,000 after buying an additional 57 shares in the last quarter. Institutional investors and hedge funds 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 report on Tuesday, September 17th.

Insider Activity

In other news, General Counsel John W. Geelan sold 1,789 shares of the company's stock in a transaction dated Friday, August 9th. The stock was 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 directly owns 15,065 shares of the company's stock, valued at $3,867,637.45. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, General Counsel John W. Geelan sold 1,789 shares of the stock in a transaction that occurred 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 sale, the general counsel now directly owns 15,065 shares of the company's stock, valued at approximately $3,867,637.45. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Philip Soran sold 1,792 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $263.92, for a total value of $472,944.64. Following the sale, the director now directly owns 18,341 shares of the company's stock, valued at approximately $4,840,556.72. 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 owned by insiders.

Piper Sandler Companies Price Performance

Piper Sandler Companies stock traded down $8.95 during trading hours on Friday, reaching $280.53. 168,800 shares of the company's stock traded hands, compared to its average volume of 107,135. Piper Sandler Companies has a fifty-two week low of $131.89 and a fifty-two week high of $306.10. The company has a market cap of $4.97 billion, a price-to-earnings ratio of 47.71 and a beta of 1.39. The business's 50 day moving average price is $289.47.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last announced its quarterly earnings results on Friday, October 25th. The financial services provider reported $2.57 EPS for the quarter, beating analysts' consensus estimates of $2.53 by $0.04. The company had revenue of $359.57 million during the quarter, compared to analysts' expectations of $365.07 million. Piper Sandler Companies had a return on equity of 15.36% and a net margin of 9.23%. On average, analysts forecast that Piper Sandler Companies will post 11.53 EPS for the current fiscal year.

Piper Sandler Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Thursday, August 29th were paid a $0.65 dividend. The ex-dividend date was Thursday, August 29th. This is a boost from Piper Sandler Companies's previous quarterly dividend of $0.60. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.93%. Piper Sandler Companies's dividend payout ratio is 44.22%.

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.