1,025 Shares in Piper Sandler Companies (NYSE:PIPR) Acquired by Morse Asset Management Inc

Morse Asset Management Inc purchased a new position in Piper Sandler Companies (NYSE:PIPR) in the first quarter, Holdings Channel reports. The fund purchased 1,025 shares of the financial services provider’s stock, valued at approximately $203,000.

A number of other institutional investors also recently added to or reduced their stakes in PIPR. Vanguard Group Inc. raised its position in Piper Sandler Companies by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,935,235 shares of the financial services provider’s stock valued at $281,209,000 after purchasing an additional 9,030 shares during the last quarter. Parcion Private Wealth LLC purchased a new stake in shares of Piper Sandler Companies in the 4th quarter worth about $240,000. Cerity Partners LLC purchased a new stake in shares of Piper Sandler Companies in the 4th quarter worth about $218,000. Louisiana State Employees Retirement System purchased a new stake in shares of Piper Sandler Companies in the 4th quarter worth about $1,312,000. Finally, Knights of Columbus Asset Advisors LLC boosted its position in shares of Piper Sandler Companies by 94.6% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 32,574 shares of the financial services provider’s stock worth $5,696,000 after buying an additional 15,833 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 reiterated a “market perform” rating on shares of Piper Sandler Companies in a research report on Tuesday, June 11th.

Insider Transactions at Piper Sandler Companies

In other news, General Counsel John W. Geelan sold 1,570 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $211.14, for a total transaction of $331,489.80. Following the transaction, the general counsel now directly owns 16,854 shares in the company, valued at approximately $3,558,553.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, President Debbra L. Schoneman sold 1,022 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $213.27, for a total transaction of $217,961.94. Following the completion of the sale, the president now owns 43,083 shares of the company’s stock, valued at approximately $9,188,311.41. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel John W. Geelan sold 1,570 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $211.14, for a total transaction of $331,489.80. Following the sale, the general counsel now directly owns 16,854 shares of the company’s stock, valued at approximately $3,558,553.56. The disclosure for this sale can be found here. Insiders have sold a total of 6,570 shares of company stock worth $1,393,941 in the last three months. Company insiders own 3.00% of the company’s stock.

Piper Sandler Companies Trading Down 1.4 %

NYSE:PIPR traded down $3.96 on Monday, reaching $271.19. The stock had a trading volume of 56,782 shares, compared to its average volume of 104,385. The stock has a market cap of $4.80 billion, a P/E ratio of 46.09 and a beta of 1.41. The stock’s fifty day simple moving average is $242.28. Piper Sandler Companies has a 12-month low of $130.89 and a 12-month high of $278.41.

Piper Sandler Companies (NYSE:PIPR) last announced its quarterly earnings data on Friday, April 26th. The financial services provider reported $2.79 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.90. The business had revenue of $335.29 million for the quarter, compared to analyst estimates of $314.97 million. Piper Sandler Companies had a net margin of 7.33% and a return on equity of 13.65%. The company’s revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.35 EPS. As a group, analysts anticipate that Piper Sandler Companies will post 11.82 earnings per share for the current year.

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.