Coldstream Capital Management Inc. Raises Holdings in Piper Sandler Companies (NYSE:PIPR)

Coldstream Capital Management Inc. increased its position in Piper Sandler Companies (NYSE:PIPR) by 2.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,845 shares of the financial services provider’s stock after acquiring an additional 41 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Piper Sandler Companies were worth $524,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PIPR. Blue Trust Inc. increased its stake in shares of Piper Sandler Companies by 194.7% in the second quarter. Blue Trust Inc. now owns 112 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 74 shares in the last quarter. nVerses Capital LLC grew 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 valued at $46,000 after buying an additional 100 shares in the last quarter. USA Financial Formulas bought a new stake in Piper Sandler Companies during the 3rd quarter valued at $77,000. CWM LLC lifted its position in shares of 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 acquiring an additional 57 shares in the last quarter. Finally, KBC Group NV boosted its holdings in shares of Piper Sandler Companies by 20.9% in the third quarter. KBC Group NV now owns 550 shares of the financial services provider’s stock worth $156,000 after acquiring an additional 95 shares during the period. 72.79% of the stock is currently owned by institutional investors.

Piper Sandler Companies Stock Performance

Piper Sandler Companies stock opened at $318.96 on Friday. Piper Sandler Companies has a fifty-two week low of $162.50 and a fifty-two week high of $351.80. The stock has a market cap of $5.67 billion, a P/E ratio of 34.08 and a beta of 1.43. The firm’s fifty day moving average price is $335.19 and its 200-day moving average price is $303.62.

Piper Sandler Companies (NYSE:PIPR) last announced 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 business had revenue of $359.57 million for the quarter, compared to analyst estimates of $365.07 million. Piper Sandler Companies had a return on equity of 16.06% and a net margin of 10.84%. Sell-side analysts predict that Piper Sandler Companies will post 11.49 earnings per share for the current year.

Piper Sandler Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 22nd were paid 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 0.82%. Piper Sandler Companies’s dividend payout ratio is presently 27.78%.

Analysts Set New Price Targets

A number of research firms recently issued reports on PIPR. JMP Securities reiterated a “market perform” rating on shares of Piper Sandler Companies in a research note on Tuesday, September 17th. StockNews.com cut Piper Sandler Companies from a “buy” rating to a “hold” rating in a research report on Monday, October 28th.

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.