JPMorgan Chase & Co. Sells 2,190 Shares of Piper Sandler Companies (NYSE:PIPR)

JPMorgan Chase & Co. lessened its position in Piper Sandler Companies (NYSE:PIPR) by 0.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 327,987 shares of the financial services provider’s stock after selling 2,190 shares during the quarter. JPMorgan Chase & Co.’s holdings in Piper Sandler Companies were worth $93,086,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Coldstream Capital Management Inc. increased its stake in shares of 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 worth $524,000 after purchasing an additional 41 shares during the period. Bank of Montreal Can grew its holdings in Piper Sandler Companies by 2.1% in the 2nd quarter. Bank of Montreal Can now owns 2,262 shares of the financial services provider’s stock valued at $524,000 after buying an additional 46 shares during the last quarter. Xponance Inc. increased its position in Piper Sandler Companies by 4.6% in the 2nd quarter. Xponance Inc. now owns 1,101 shares of the financial services provider’s stock worth $253,000 after buying an additional 48 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of Piper Sandler Companies by 2.4% during the second quarter. Commonwealth Equity Services LLC now owns 2,340 shares of the financial services provider’s stock worth $539,000 after buying an additional 54 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in shares of Piper Sandler Companies by 1.1% in the third quarter. Harbor Capital Advisors Inc. now owns 5,010 shares of the financial services provider’s stock valued at $1,422,000 after acquiring an additional 56 shares during the period. Institutional investors and hedge funds own 72.79% of the company’s stock.

Piper Sandler Companies Trading Down 0.2 %

Shares of PIPR stock opened at $299.31 on Friday. Piper Sandler Companies has a 12 month low of $162.50 and a 12 month high of $351.80. The company has a market capitalization of $5.32 billion, a P/E ratio of 31.98 and a beta of 1.43. The stock has a 50 day moving average of $314.98 and a two-hundred day moving average of $309.79.

Piper Sandler Companies (NYSE:PIPR) last issued its earnings results on Friday, October 25th. The financial services provider reported $2.57 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 during the quarter, compared to analysts’ expectations of $365.07 million. Sell-side analysts predict that Piper Sandler Companies will post 11.49 earnings per share for the current fiscal year.

Piper Sandler Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 22nd were given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.87%. The ex-dividend date was Friday, November 22nd. Piper Sandler Companies’s dividend payout ratio (DPR) is presently 27.78%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on PIPR shares. StockNews.com lowered shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a research report on Saturday, December 28th. JMP Securities restated a “market perform” rating on shares of Piper Sandler Companies in a report on Tuesday, September 17th.

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.