Piper Sandler Companies’ (PIPR) Market Perform Rating Reaffirmed at JMP Securities

JMP Securities restated their market perform rating on shares of Piper Sandler Companies (NYSE:PIPR) in a research note released on Monday morning,Benzinga reports.

Several other equities research analysts also recently issued reports on the stock. StockNews.com downgraded shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. The Goldman Sachs Group cut Piper Sandler Companies from a “buy” rating to a “neutral” rating and set a $317.00 price objective on the stock. in a research report on Monday, January 6th.

Piper Sandler Companies Trading Down 0.3 %

PIPR opened at $309.16 on Monday. Piper Sandler Companies has a twelve month low of $171.70 and a twelve month high of $351.80. The stock has a 50 day moving average of $301.34. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 30.25 and a beta of 1.46.

Piper Sandler Companies (NYSE:PIPR) last posted its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.99 by $0.81. Piper Sandler Companies had a net margin of 11.87% and a return on equity of 17.00%. During the same quarter in the prior year, the company posted $4.03 earnings per share. On average, research analysts expect that Piper Sandler Companies will post 13.47 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can grew its position in Piper Sandler Companies by 2.1% during the 2nd quarter. Bank of Montreal Can now owns 2,262 shares of the financial services provider’s stock worth $524,000 after acquiring an additional 46 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Piper Sandler Companies by 10.9% during the second quarter. AQR Capital Management LLC now owns 2,254 shares of the financial services provider’s stock worth $519,000 after purchasing an additional 222 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Piper Sandler Companies by 3.3% in the second quarter. The Manufacturers Life Insurance Company now owns 9,684 shares of the financial services provider’s stock valued at $2,229,000 after buying an additional 308 shares in the last quarter. Creative Planning raised its holdings in shares of Piper Sandler Companies by 20.9% in the second quarter. Creative Planning now owns 6,888 shares of the financial services provider’s stock valued at $1,585,000 after buying an additional 1,191 shares during the last quarter. Finally, Kesler Norman & Wride LLC bought a new position in shares of Piper Sandler Companies in the third quarter valued at about $469,000. 72.79% of the stock is owned by institutional investors.

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.