Piper Sandler Companies (NYSE:PIPR) Shares Purchased by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC boosted its stake in Piper Sandler Companies (NYSE:PIPR) by 8.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,720 shares of the financial services provider’s stock after purchasing an additional 130 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Piper Sandler Companies were worth $341,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Morse Asset Management Inc purchased a new position in Piper Sandler Companies in the 1st quarter valued at about $203,000. Price T Rowe Associates Inc. MD boosted its position in Piper Sandler Companies by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,751 shares of the financial services provider’s stock valued at $2,135,000 after buying an additional 638 shares during the last quarter. Quadrature Capital Ltd purchased a new position in Piper Sandler Companies in the 1st quarter valued at about $1,025,000. EntryPoint Capital LLC purchased a new position in Piper Sandler Companies in the 1st quarter valued at about $90,000. Finally, CANADA LIFE ASSURANCE Co boosted its position in Piper Sandler Companies by 6.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 14,117 shares of the financial services provider’s stock valued at $2,798,000 after buying an additional 860 shares during the last quarter. 72.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Piper Sandler Companies

In related 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 sale, the general counsel now owns 16,854 shares in the company, valued at $3,558,553.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, President Debbra L. Schoneman sold 3,978 shares of the stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $212.29, for a total transaction of $844,489.62. Following the sale, the president now owns 44,105 shares in the company, valued at $9,363,050.45. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel John W. Geelan sold 1,570 shares of the stock in a transaction dated 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 owns 16,854 shares in the company, valued at approximately $3,558,553.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,570 shares of company stock valued at $1,393,941. Insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JMP Securities reissued a “market perform” rating on shares of Piper Sandler Companies in a research report on Tuesday, June 11th.

Piper Sandler Companies Price Performance

Shares of PIPR stock traded down $1.50 during trading hours on Monday, hitting $273.65. 109,959 shares of the company were exchanged, compared to its average volume of 104,780. Piper Sandler Companies has a one year low of $130.89 and a one year high of $278.41. The firm has a 50-day moving average price of $242.28. The company has a market cap of $4.84 billion, a PE ratio of 46.54 and a beta of 1.41.

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

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.