Piper Sandler Companies (NYSE:PIPR) Stock Rating Lowered by StockNews.com

by · The Markets Daily

Piper Sandler Companies (NYSE:PIPR – Get Free Report) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

Several other brokerages also recently commented on PIPR. The Goldman Sachs Group downgraded Piper Sandler Companies from a “buy” rating to a “neutral” rating and set a $317.00 target price for the company. in a research note on Monday. JMP Securities restated a “market perform” rating on shares of Piper Sandler Companies in a research report on Tuesday, September 17th.

Get Our Latest Stock Report on PIPR

Piper Sandler Companies Trading Up 0.9 %

Shares of PIPR stock opened at $297.58 on Tuesday. The firm’s 50 day moving average is $308.41 and its 200 day moving average is $310.64. The stock has a market capitalization of $5.29 billion, a P/E ratio of 31.79 and a beta of 1.46. Piper Sandler Companies has a 12 month low of $162.50 and a 12 month high of $351.80.

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 (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $365.07 million. On average, equities analysts predict that Piper Sandler Companies will post 11.49 EPS for the current year.

Institutional Trading of Piper Sandler Companies

A number of large investors have recently modified their holdings of PIPR. USA Financial Formulas purchased a new stake in shares of Piper Sandler Companies during the 3rd quarter valued at $77,000. GAMMA Investing LLC raised its position in Piper Sandler Companies by 27.6% during the fourth quarter. GAMMA Investing LLC now owns 277 shares of the financial services provider’s stock valued at $83,000 after purchasing an additional 60 shares in the last quarter. CWM LLC lifted its stake in Piper Sandler Companies by 22.5% during the third 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 last quarter. KBC Group NV boosted 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 worth $156,000 after purchasing an additional 95 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Piper Sandler Companies by 486.6% during the 3rd quarter. Blue Trust Inc. now owns 657 shares of the financial services provider’s stock valued at $186,000 after purchasing an additional 545 shares during the last quarter. Institutional investors own 72.79% of the company’s stock.

Piper Sandler Companies Company Profile

(Get Free Report)

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.

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