Piper Sandler Companies (NYSE:PIPR) Stock Holdings Decreased by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its stake in Piper Sandler Companies (NYSE:PIPR - Free Report) by 0.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 327,987 shares of the financial services provider's stock after selling 2,190 shares during the period. JPMorgan Chase & Co. owned approximately 1.84% of Piper Sandler Companies worth $93,086,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Coldstream Capital Management Inc. raised its holdings in Piper Sandler Companies by 2.3% in the third quarter. Coldstream Capital Management Inc. now owns 1,845 shares of the financial services provider's stock valued at $524,000 after buying an additional 41 shares during the period. Bank of Montreal Can lifted its holdings in shares of 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 valued at $524,000 after acquiring an additional 46 shares in the last quarter. Xponance Inc. boosted its position in Piper Sandler Companies by 4.6% during the 2nd quarter. Xponance Inc. now owns 1,101 shares of the financial services provider's stock worth $253,000 after purchasing an additional 48 shares during the period. Commonwealth Equity Services LLC increased its holdings in Piper Sandler Companies by 2.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 2,340 shares of the financial services provider's stock valued at $539,000 after purchasing an additional 54 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Piper Sandler Companies by 1.1% during the third quarter. Harbor Capital Advisors Inc. now owns 5,010 shares of the financial services provider's stock worth $1,422,000 after purchasing an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 72.79% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. JMP Securities reissued a "market perform" rating on shares of Piper Sandler Companies in a research report on Tuesday, September 17th. StockNews.com downgraded shares of Piper Sandler Companies from a "buy" rating to a "hold" rating in a research report on Saturday, December 28th.

Piper Sandler Companies Trading Up 0.7 %

NYSE:PIPR traded up $2.12 during mid-day trading on Friday, hitting $301.43. The stock had a trading volume of 113,500 shares, compared to its average volume of 85,700. Piper Sandler Companies has a 52 week low of $162.50 and a 52 week high of $351.80. The stock has a market capitalization of $5.36 billion, a price-to-earnings ratio of 32.20 and a beta of 1.43. The company has a 50 day simple moving average of $313.26 and a 200-day simple moving average of $310.02.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last issued its quarterly earnings results on Friday, October 25th. The financial services provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.53 by $0.04. Piper Sandler Companies had a return on equity of 16.06% and a net margin of 10.84%. The firm had revenue of $359.57 million during the quarter, compared to analyst estimates of $365.07 million. As a group, equities research analysts anticipate that Piper Sandler Companies will post 11.49 earnings per share for the current year.

Piper Sandler Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 22nd were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date was Friday, November 22nd. Piper Sandler Companies's payout ratio is 27.78%.

Piper Sandler Companies 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.