Piper Sandler Companies (NYSE:PIPR) Hits New 12-Month High - What's Next?

Piper Sandler Companies (NYSE:PIPR - Get Free Report)'s stock price hit a new 52-week high on Monday . The company traded as high as $300.15 and last traded at $297.10, with a volume of 574 shares traded. The stock had previously closed at $297.75.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on PIPR shares. StockNews.com upgraded shares of Piper Sandler Companies from a "hold" rating to a "buy" rating in a research note on Friday. JMP Securities reiterated a "market perform" rating on shares of Piper Sandler Companies in a research report on Tuesday, September 17th.

Piper Sandler Companies Stock Performance

The stock's fifty day simple moving average is $327.54 and its two-hundred day simple moving average is $307.88. The company has a market capitalization of $5.33 billion, a price-to-earnings ratio of 32.02 and a beta of 1.43.

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

Piper Sandler Companies Announces Dividend

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 0.87%. The ex-dividend date was Friday, November 22nd. Piper Sandler Companies's payout ratio is 27.78%.

Institutional Trading of Piper Sandler Companies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. raised its stake in Piper Sandler Companies by 194.7% during the 2nd quarter. Blue Trust Inc. now owns 112 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 74 shares during the period. nVerses Capital LLC lifted its stake in Piper Sandler Companies by 100.0% in the 2nd quarter. nVerses Capital LLC now owns 200 shares of the financial services provider's stock worth $46,000 after acquiring an additional 100 shares in the last quarter. USA Financial Formulas acquired a new stake in Piper Sandler Companies during the 3rd quarter worth about $77,000. CWM LLC grew its stake in Piper Sandler Companies by 22.5% during the 3rd quarter. CWM LLC now owns 310 shares of the financial services provider's stock valued at $88,000 after acquiring an additional 57 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of Piper Sandler Companies by 20.9% in the 3rd quarter. KBC Group NV now owns 550 shares of the financial services provider's stock valued at $156,000 after purchasing an additional 95 shares during the period. Institutional investors and hedge funds 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.