Piper Sandler Companies (NYSE:PIPR) Price Target Raised to $330.00 at The Goldman Sachs Group

Piper Sandler Companies (NYSE:PIPR) had its target price upped by The Goldman Sachs Group from $298.00 to $330.00 in a research note published on Monday,Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

Several other equities analysts have also commented on PIPR. JMP Securities reaffirmed a “market perform” rating on shares of Piper Sandler Companies in a research report on Monday. StockNews.com downgraded shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th.

Piper Sandler Companies Stock Performance

NYSE PIPR traded down $5.63 on Monday, hitting $311.51. The stock had a trading volume of 36,670 shares, compared to its average volume of 91,413. The business has a fifty day moving average of $301.34. The company has a market capitalization of $5.54 billion, a PE ratio of 30.40 and a beta of 1.46. Piper Sandler Companies has a 52-week low of $177.80 and a 52-week high of $351.80.

Piper Sandler Companies (NYSE:PIPR) last announced its earnings results on Friday, January 31st. The financial services provider reported $4.80 earnings per share for the quarter, topping the consensus estimate of $3.99 by $0.81. Piper Sandler Companies had a return on equity of 17.00% and a net margin of 11.87%. During the same quarter in the prior year, the business posted $4.03 EPS. On average, analysts predict that Piper Sandler Companies will post 13.47 EPS for the current fiscal year.

Institutional Trading of Piper Sandler Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. West Oak Capital LLC raised its position in Piper Sandler Companies by 650.0% during the fourth quarter. West Oak Capital LLC now owns 1,500 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 1,300 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Piper Sandler Companies by 238.8% during the 4th quarter. Allworth Financial LP now owns 227 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 160 shares in the last quarter. USA Financial Formulas acquired a new position in shares of Piper Sandler Companies in the 3rd quarter valued at $77,000. GAMMA Investing LLC boosted its holdings 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 worth $83,000 after buying an additional 60 shares in the last quarter. Finally, CWM LLC grew its position in Piper Sandler Companies by 22.5% during the third quarter. CWM LLC now owns 310 shares of the financial services provider’s stock valued at $88,000 after buying an additional 57 shares during the period. Institutional investors and hedge funds own 72.79% of the company’s stock.

About Piper Sandler Companies

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.