Piper Sandler Companies (NYSE:PIPR) Reaches New 1-Year High - What's Next?

Shares of Piper Sandler Companies (NYSE:PIPR - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $325.50 and last traded at $318.92, with a volume of 6555 shares traded. The stock had previously closed at $318.96.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on PIPR shares. StockNews.com downgraded shares of Piper Sandler Companies from a "buy" rating to a "hold" rating in a research note on Monday, October 28th. JMP Securities reiterated a "market perform" rating on shares of Piper Sandler Companies in a research note on Tuesday, September 17th.

Piper Sandler Companies Price Performance

The company has a fifty day moving average price of $334.37 and a two-hundred day moving average price of $305.04. The company has a market capitalization of $5.71 billion, a P/E ratio of 34.33 and a beta of 1.43.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last posted its earnings results on Friday, October 25th. The financial services provider reported $2.57 earnings per share for the quarter, topping analysts' consensus estimates of $2.53 by $0.04. The firm had revenue of $359.57 million for 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%. As a group, sell-side analysts forecast that Piper Sandler Companies will post 11.49 earnings per share for the current year.

Piper Sandler Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 22nd were issued a $0.65 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $2.60 dividend on an annualized basis and a yield of 0.81%. Piper Sandler Companies's payout ratio is 27.78%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. raised its position in shares of Piper Sandler Companies by 194.7% during the second quarter. Blue Trust Inc. now owns 112 shares of the financial services provider's stock worth $26,000 after acquiring an additional 74 shares during the last quarter. nVerses Capital LLC raised its holdings in Piper Sandler Companies by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 200 shares of the financial services provider's stock worth $46,000 after purchasing an additional 100 shares during the last quarter. USA Financial Formulas bought a new position in Piper Sandler Companies during the 3rd quarter worth approximately $77,000. CWM LLC lifted its position in shares of Piper Sandler Companies by 22.5% in the 3rd quarter. CWM LLC now owns 310 shares of the financial services provider's stock worth $88,000 after purchasing an additional 57 shares during the period. Finally, KBC Group NV boosted its stake 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 last quarter. 72.79% of the stock is owned by institutional investors and hedge funds.

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.