Piper Sandler Companies (NYSE:PIPR) Given Market Perform Rating at JMP Securities

Piper Sandler Companies (NYSE:PIPR - Get Free Report)'s stock had its "market perform" rating reissued by equities research analysts at JMP Securities in a research report issued on Monday,Benzinga reports.

A number of other equities research analysts have also recently commented on PIPR. The Goldman Sachs Group cut Piper Sandler Companies from a "buy" rating to a "neutral" rating and set a $317.00 price target for the company. in a research note on Monday, January 6th. StockNews.com lowered shares of Piper Sandler Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th.

Piper Sandler Companies Stock Up 1.0 %

Shares of NYSE PIPR traded up $3.03 during trading hours on Monday, hitting $319.81. 106,400 shares of the stock were exchanged, compared to its average volume of 96,209. Piper Sandler Companies has a 12 month low of $177.80 and a 12 month high of $351.80. The firm has a fifty day moving average price of $302.86 and a 200-day moving average price of $314.09. The company has a market cap of $5.69 billion, a PE ratio of 31.29 and a beta of 1.46.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarter in the prior year, the firm earned $4.03 EPS. As a group, equities analysts anticipate that Piper Sandler Companies will post 13.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PIPR. IFP Advisors Inc boosted its position in Piper Sandler Companies by 2,183.3% in the fourth quarter. IFP Advisors Inc now owns 137 shares of the financial services provider's stock valued at $43,000 after buying an additional 131 shares during the last quarter. West Oak Capital LLC lifted its stake in Piper Sandler Companies by 650.0% during the 4th quarter. West Oak Capital LLC now owns 1,500 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 1,300 shares during the period. Allworth Financial LP boosted its holdings in shares of Piper Sandler Companies by 238.8% in the 4th quarter. Allworth Financial LP now owns 227 shares of the financial services provider's stock valued at $70,000 after acquiring an additional 160 shares during the last quarter. USA Financial Formulas acquired a new stake in shares of Piper Sandler Companies in the third quarter worth $77,000. Finally, GAMMA Investing LLC raised its holdings in shares of Piper Sandler Companies by 27.6% during the fourth quarter. GAMMA Investing LLC now owns 277 shares of the financial services provider's stock worth $83,000 after purchasing an additional 60 shares during the last quarter. 72.79% of the stock is currently owned by hedge funds and other institutional investors.

About Piper Sandler Companies

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.