Piper Sandler Companies’ (PIPR) “Market Perform” Rating Reiterated at JMP Securities

JMP Securities reissued their market perform rating on shares of Piper Sandler Companies (NYSE:PIPR) in a research report report published on Monday,Benzinga reports.

PIPR has been the subject of several other research reports. The Goldman Sachs Group downgraded shares of Piper Sandler Companies from a “buy” rating to a “neutral” rating and set a $317.00 price objective for the company. in a report on Monday, January 6th. StockNews.com lowered shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th.

Piper Sandler Companies Trading Up 1.0 %

Shares of NYSE:PIPR opened at $319.81 on Monday. The firm’s 50 day moving average is $302.86 and its two-hundred day moving average is $314.09. The firm has a market capitalization of $5.69 billion, a P/E ratio of 31.29 and a beta of 1.46. Piper Sandler Companies has a 52 week low of $177.80 and a 52 week high of $351.80.

Piper Sandler Companies (NYSE:PIPR) last posted its earnings results on Friday, January 31st. The financial services provider reported $4.80 EPS for the quarter, beating the consensus estimate of $3.99 by $0.81. Piper Sandler Companies had a return on equity of 17.00% and a net margin of 11.87%. During the same period in the previous year, the company posted $4.03 EPS. Analysts predict that Piper Sandler Companies will post 13.47 EPS for the current year.

Piper Sandler Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, March 4th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.81%. The ex-dividend date is Tuesday, March 4th. Piper Sandler Companies’s payout ratio is 25.44%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Coldstream Capital Management Inc. increased its holdings in shares of Piper Sandler Companies by 2.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,845 shares of the financial services provider’s stock valued at $524,000 after acquiring an additional 41 shares during the last quarter. Bank of Montreal Can grew its holdings in Piper Sandler Companies by 2.1% during the second quarter. Bank of Montreal Can now owns 2,262 shares of the financial services provider’s stock valued at $524,000 after purchasing an additional 46 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Piper Sandler Companies by 1.1% in the third quarter. Harbor Capital Advisors Inc. now owns 5,010 shares of the financial services provider’s stock valued at $1,422,000 after purchasing an additional 56 shares during the period. CWM LLC lifted its stake in shares of Piper Sandler Companies by 22.5% in the third quarter. CWM LLC now owns 310 shares of the financial services provider’s stock worth $88,000 after buying an additional 57 shares during the last quarter. Finally, OneDigital Investment Advisors LLC boosted its holdings in shares of Piper Sandler Companies by 2.7% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,176 shares of the financial services provider’s stock worth $618,000 after buying an additional 58 shares during the period. Hedge funds and other institutional investors own 72.79% of the company’s stock.

Piper Sandler Companies Company 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.