Coldstream Capital Management Inc. Has $524,000 Holdings in Piper Sandler Companies (NYSE:PIPR)

Coldstream Capital Management Inc. increased its holdings in Piper Sandler Companies (NYSE:PIPR) by 2.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,845 shares of the financial services provider’s stock after purchasing an additional 41 shares during the period. Coldstream Capital Management Inc.’s holdings in Piper Sandler Companies were worth $524,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of PIPR. Cerity Partners LLC raised its holdings in Piper Sandler Companies by 21.3% during the 3rd quarter. Cerity Partners LLC now owns 16,060 shares of the financial services provider’s stock worth $4,558,000 after purchasing an additional 2,819 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Piper Sandler Companies by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 205,226 shares of the financial services provider’s stock worth $58,245,000 after buying an additional 2,689 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Piper Sandler Companies during the third quarter worth $624,000. Citigroup Inc. lifted its holdings in Piper Sandler Companies by 63.4% in the third quarter. Citigroup Inc. now owns 21,496 shares of the financial services provider’s stock valued at $6,101,000 after buying an additional 8,337 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in Piper Sandler Companies by 22.3% during the third quarter. BNP Paribas Financial Markets now owns 9,213 shares of the financial services provider’s stock valued at $2,615,000 after acquiring an additional 1,681 shares during the last quarter. 72.79% of the stock is currently owned by institutional investors and hedge funds.

Piper Sandler Companies Stock Down 0.5 %

Shares of NYSE PIPR opened at $318.96 on Friday. The firm has a market cap of $5.67 billion, a PE ratio of 34.08 and a beta of 1.43. The company’s fifty day simple moving average is $335.19 and its 200 day simple moving average is $303.62. Piper Sandler Companies has a 12-month low of $162.50 and a 12-month high of $351.80.

Piper Sandler Companies (NYSE:PIPR) last released its quarterly earnings data on Friday, October 25th. The financial services provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $0.04. The company had revenue of $359.57 million for the quarter, compared to analysts’ expectations 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 predict that Piper Sandler Companies will post 11.49 earnings per share for the current year.

Piper Sandler Companies Dividend Announcement

The company also recently disclosed 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 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 (DPR) is presently 27.78%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. JMP Securities reissued a “market perform” rating on shares of Piper Sandler Companies in a research report on Tuesday, September 17th. StockNews.com downgraded Piper Sandler Companies from a “buy” rating to a “hold” rating in a report on Monday, October 28th.

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.