JMP Securities Reiterates Market Perform Rating for Piper Sandler Companies (NYSE:PIPR)

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

Several other research firms have also issued reports on PIPR. The Goldman Sachs Group lowered Piper Sandler Companies from a “buy” rating to a “neutral” rating and set a $317.00 price target on the stock. in a research report on Monday, January 6th. StockNews.com cut Piper Sandler Companies from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th.

Piper Sandler Companies Price Performance

Shares of NYSE:PIPR opened at $309.16 on Monday. Piper Sandler Companies has a 1-year low of $171.70 and a 1-year high of $351.80. The company has a market cap of $5.50 billion, a PE ratio of 30.25 and a beta of 1.46. The stock’s 50-day moving average price is $301.34.

Piper Sandler Companies (NYSE:PIPR) last posted its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.80 earnings per share for the quarter, topping analysts’ consensus estimates 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 business earned $4.03 earnings per share. Sell-side analysts expect that Piper Sandler Companies will post 13.47 EPS for the current fiscal year.

Institutional Trading of Piper Sandler Companies

A number of institutional investors have recently made changes to their positions in PIPR. State Street Corp grew its stake in Piper Sandler Companies by 0.3% in the third quarter. State Street Corp now owns 682,430 shares of the financial services provider’s stock valued at $193,680,000 after purchasing an additional 2,137 shares in the last quarter. FMR LLC increased its holdings in Piper Sandler Companies by 49.0% during the third quarter. FMR LLC now owns 625,048 shares of the financial services provider’s stock worth $177,395,000 after buying an additional 205,584 shares during the last quarter. Geode Capital Management LLC raised its position in Piper Sandler Companies by 2.0% during the third quarter. Geode Capital Management LLC now owns 377,586 shares of the financial services provider’s stock worth $107,184,000 after acquiring an additional 7,344 shares in the last quarter. Stephens Investment Management Group LLC lifted its stake in Piper Sandler Companies by 3.4% in the fourth quarter. Stephens Investment Management Group LLC now owns 214,554 shares of the financial services provider’s stock valued at $64,355,000 after acquiring an additional 6,970 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Piper Sandler Companies by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 205,226 shares of the financial services provider’s stock valued at $58,245,000 after acquiring an additional 2,689 shares during the period. 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.