Key Points
- President Debbra Schoneman sold 39,708 shares for about $2.68 million, cutting her ownership by 77.16% to 11,752 shares.
- Piper Sandler missed quarterly expectations, reporting EPS of $0.87 versus $0.93 expected and revenue of $456.04 million versus $467.39 million; revenue fell 4.9% year over year.
- The company declared a quarterly dividend of $0.20 per share, equivalent to $0.80 annually. Analysts’ consensus rating is “Hold,” with an average price target of $84.
Piper Sandler Companies (NYSE:PIPR - Get Free Report) President Debbra Schoneman sold 39,708 shares of Piper Sandler Companies stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $67.38, for a total transaction of $2,675,525.04. Following the completion of the sale, the president owned 11,752 shares of the company's stock, valued at $791,849.76. This trade represents a 77.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Piper Sandler Companies Stock Down 2.2%
PIPR stock opened at $65.92 on Wednesday. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 14.56, a P/E/G ratio of 2.22 and a beta of 1.39. Piper Sandler Companies has a 12 month low of $61.35 and a 12 month high of $95.07. The firm has a 50 day moving average of $69.52 and a two-hundred day moving average of $76.91.
Piper Sandler Companies (NYSE:PIPR - Get Free Report) last announced its quarterly earnings results on Friday, October 30th. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.06). The business had revenue of $456.04 million for the quarter, compared to analyst estimates of $467.39 million. Piper Sandler Companies had a return on equity of 21.11% and a net margin of 14.53%. The business's revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $3.82 EPS. On average, research analysts expect that Piper Sandler Companies will post 4.10 EPS for the current fiscal year.
Piper Sandler Companies Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Tuesday, November 24th will be issued a $0.20 dividend. The ex-dividend date is Tuesday, November 24th. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. Piper Sandler Companies's dividend payout ratio is currently 18.82%.
Analyst Upgrades and Downgrades
Several research firms have commented on PIPR. The Goldman Sachs Group set a $80.00 target price on Piper Sandler Companies and gave the company a "buy" rating in a report on Thursday, October 1st. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Piper Sandler Companies in a research report on Monday, August 17th. Bank of America reiterated an "underperform" rating and set a $69.00 price target on shares of Piper Sandler Companies in a research note on Tuesday. Finally, Zacks Research downgraded Piper Sandler Companies from a "hold" rating to a "strong sell" rating in a research note on Tuesday, October 13th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $84.00.
Check Out Our Latest Stock Report on PIPR
Institutional Trading of Piper Sandler Companies
Institutional investors and hedge funds have recently modified their holdings of the company. Ethic Inc. boosted its holdings in shares of Piper Sandler Companies by 98.0% during the 3rd quarter. Ethic Inc. now owns 6,785 shares of the company's stock worth $448,000 after buying an additional 3,358 shares during the period. Pictet Asset Management Holding SA grew its stake in Piper Sandler Companies by 2.0% in the 3rd quarter. Pictet Asset Management Holding SA now owns 11,457 shares of the company's stock valued at $756,000 after buying an additional 220 shares during the last quarter. Abacus Wealth Partners LLC grew its stake in Piper Sandler Companies by 10.5% in the 3rd quarter. Abacus Wealth Partners LLC now owns 3,806 shares of the company's stock valued at $251,000 after buying an additional 362 shares during the last quarter. Kestra Advisory Services LLC bought a new position in Piper Sandler Companies in the 3rd quarter worth $305,000. Finally, Ascent Group LLC bought a new position in Piper Sandler Companies in the 3rd quarter worth $1,543,000. 72.79% of the stock is currently owned by institutional investors and hedge funds.
Key Headlines Impacting Piper Sandler Companies
Here are the key news stories impacting Piper Sandler Companies this week:
- Positive Sentiment: Recent coverage highlights buyback news as a potential support for shares. One analysis suggests PIPR could be about 15% below fair value, though another cautions the stock may still trade at a premium. Piper Sandler Companies Could Be 15% Below Fair Value As Buyback News Lifts Shares Piper Sandler Stock May Trade At A Premium Despite Fresh Buyback News
- Positive Sentiment: Piper Sandler declared a quarterly dividend of $0.20 per share, equivalent to $0.80 annually and a yield of about 1.3%.
- Neutral Sentiment: The buyback coverage presents conflicting views on valuation: one sees potential undervaluation, while another says shares may remain at a premium. The provided reports do not specify the buyback’s terms.
- Negative Sentiment: Northland Securities reduced its FY2026 EPS estimate to $4.13 from $4.44 and its FY2027 estimate to $4.39 from $5.25, also lowering its projections for Q3 and Q4 2027. These cuts signal weaker earnings expectations.
- Negative Sentiment: President Debbra Schoneman sold 39,708 shares for about $2.68 million, reducing her direct stake by 77.16%. Investors may view the substantial sale as a negative signal, although the filing does not state her reason. SEC Form 4 filing
- Negative Sentiment: Recent quarterly results also disappointed: EPS of $0.87 and revenue of $456.0 million were below consensus estimates, while revenue declined 4.9% year over year.
Piper Sandler Companies Company Profile
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Get Free Report)
Piper Sandler Companies (NYSE:PIPR) is an investment banking and institutional securities firm that provides financial services to corporations, financial institutions, public-sector entities, institutional investors and private equity firms. The company offers advisory and capital-raising services, including mergers and acquisitions, equity and debt offerings, restructuring and other strategic transactions.
Its institutional securities activities include equity research, sales and trading, fixed-income services and market-making.
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