Handelsbanken Fonder AB, a renowned institutional investor, has increased its holdings in Piper Sandler Companies (NYSE:PIPR) by an impressive 31.3% during the first quarter of this fiscal year. According to the latest Form 13F filing with the Securities and Exchange Commission, Handelsbanken Fonder AB now owns 3,772 shares of the company’s stock, after acquiring an additional 900 shares in the quarter. At the end of the most recent quarter, their investment in Piper Sandler Companies amounted to a noteworthy $523,000.
This move by Handelsbanken Fonder AB showcases their confidence in Piper Sandler Companies and highlights their positive outlook for the company’s future prospects. The increase in holdings indicates that they see great potential and value in investing in this particular stock.
In other news surrounding Piper Sandler Companies, CEO Chad R. Abraham has recently sold a substantial number of shares from his personal holdings. On Friday, May 5th alone, he divested himself of 1,970 shares at an average price of $130.05 per share. This transaction resulted in a total transaction value reaching $256,198.50. After this sale, Chad R. Abraham now possesses 29,646 shares in the company valuing approximately $3,855,462.30.
The CEO’s decision to sell such a significant number of shares may have several reasons behind it but could ultimately reflect his belief that these sales were advantageous with regards to his financial positioning or strategy.
These multiple share sales by Chad R. Abraham have been duly reported through document filings with the SEC and can be accessed via this link provided by regulatory bodies for complete transparency.
Additionally, on Monday, May 22nd – separate from his previous transactions – CEO Chad R. Abraham sold another 2,223 shares of Piper Sandler Companies’ stock at an average price of $130.27 per share. This yielded a total value of $289,590.21. As a result of this transaction, the chief executive officer now holds 27,222 shares in the company, valued at approximately $3,546,209.94.
It is worth noting that within the last 90 days alone, insiders have sold a total of 16,850 shares of Piper Sandler Companies’ stock – representing a market value of $2,156,042. Ultimately, this means that corporate insiders currently possess 3.32% ownership stake in the company.
As of Monday’s opening price on the New York Stock Exchange (NYSE), Piper Sandler Companies’ shares were valued at $148.64. The stock has been trading with notable volatility recently and demonstrated a fifty-day simple moving average of $133.56 and a two-hundred-day simple moving average of $137.50.
Over the course of the year, Piper Sandler Companies has experienced a wide range between its lowest point at $102.73 and its highest point at $162.20 – indicating significant market fluctuations.
Looking at its financial indicators, Piper Sandler Companies showcases strong liquidity with a current ratio of 1.41 and quick ratio of 0.39 – suggesting healthy operational efficiency and ability to meet short-term obligations when necessary.
Furthermore, it is important to highlight that the firm boasts an impressive debt-to-equity ratio of 0.10 – indicating conservative financial management practices by keeping their debt levels relatively low.
With regards to market capitalization, Piper Sandler Companies currently stands at an impressive $2.64 billion – reflecting its substantial presence and scale within its industry sector.
From a valuation perspective, the company exhibits a price-to-earnings (PE) ratio of 25.32 – representing an attractive investment opportunity for those seeking potentially undervalued stocks compared to their earnings potential.
Lastly, investors should be aware that Piper Sandler Companies has a beta of 1.35, suggesting that the stock may have a higher level of volatility compared to the general market. This can offer both opportunities and risks for investors seeking exposure to this particular company.
In conclusion, Handelsbanken Fonder AB’s decision to increase their holdings in Piper Sandler Companies highlights their confidence in the company’s growth potential. The recent share sales by CEO Chad R. Abraham indicate his strategic moves regarding his personal investments. As always, investors should conduct thorough research and make informed decisions based on their own investment goals and risk tolerance before considering any investment in Piper Sandler Companies.
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Piper Sandler Companies: Institutional Investors Increase Holdings and CEO Sells Shares
Piper Sandler Companies, a leading investment banking and asset management firm, has seen modifications in the holdings of several institutional investors in recent months. Ronald Blue Trust Inc. increased its stake in Piper Sandler Companies by 97.6% during the fourth quarter, now owning 247 shares valued at $26,000 after purchasing an additional 122 shares. Belpointe Asset Management LLC also acquired a new stake in the company during the same period, worth $27,000. Moreover, Steward Partners Investment Advisory LLC significantly bolstered its position by 328.3%, now owning 227 shares valued at $30,000 after buying an additional 174 shares. Tower Research Capital LLC TRC followed suit and increased its holdings by 105.6% during the third quarter, which now amounts to 1,275 shares valued at $134,000 after acquiring an additional 655 shares. Lastly, Metropolitan Life Insurance Co. NY’s stake saw an increase of 8.2% during the fourth quarter to reach a total of 1,093 shares valued at $142,000.
Various research firms have also chimed in on Piper Sandler Companies’ performance as of late. StockNews.com initiated coverage on the company with a “hold” rating on Thursday, May 18th. Northland Securities lowered their price target from $160.00 to $150.00 and maintained an “outperform” rating on Wednesday, March 29th. Similarly, JMP Securities reduced their price objective from $180.00 to $174.00 and labeled the stock as “market outperform” in a research note released on Monday, April 10th.
In other news regarding Piper Sandler Companies, CEO Chad R. Abraham recently sold a total of 1,970 shares for an average price of $130.05 per share on Friday May 5th earning approximately $256,198.50. As a result, Abraham’s total shares in the company now amount to 29,646 which is valued at approximately $3,855,462.30.
CEO Chad R. Abraham continued selling company stocks with another transaction on Monday, May 22nd. This time, he sold 2,223 shares at an average price of $130.27 earning a total value of $289,590.21. Following this sale, Abraham’s shares in the company amount to 27,222 with a market value of approximately $3,546,209.94.
Overall, insiders have sold a total of 16,850 shares valued at $2,156,042 over the last 90 days representing 3.32% ownership by corporate insiders.
In its most recent quarterly earnings report announced on Tuesday, May 2nd., Piper Sandler Companies disclosed earnings per share (EPS) of $2.35 for the quarter – surpassing the consensus estimate of $1.39 by an impressive $0.96 margin. The company reported revenue of $290.24 million for the quarter as compared to analyst expectations of $299.34 million.
Piper Sandler Companies witnessed a decline in its quarterly revenue by 19.9% on a year-over-year basis; however it managed to maintain a net margin of 7/25% and achieved a return on equity (ROE) of 15/38%.
Looking ahead, equities analysts anticipate Piper Sandler Companies will post earnings per share (EPS) totalling eight for the current fiscal year.
Lastly,Piper Sandler Companies also recently announced its quarterly dividend payment on Friday June 9th leaving investors who were recorded as shareholders on Friday May 26th with a payout ratio-yielding rate of 1/.61%.
