Piper Sandler Companies (NYSE:PIPR) Receives $95.06 Consensus Target Price from Analysts

Shares of Piper Sandler Companies (NYSE:PIPR) have earned an average rating of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $95.0625.

A number of equities analysts have weighed in on PIPR shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Piper Sandler Companies in a research report on Friday, January 23rd. Bank of America assumed coverage on shares of Piper Sandler Companies in a report on Monday, January 26th. They issued an “underperform” rating and a $96.25 price objective on the stock. Northland Securities upgraded shares of Piper Sandler Companies from a “market perform” rating to an “outperform” rating and set a $87.50 target price for the company in a report on Wednesday, March 4th. Wall Street Zen downgraded shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, Zacks Research lowered shares of Piper Sandler Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th.

Piper Sandler Companies Stock Up 0.4%

Shares of PIPR stock opened at $79.07 on Friday. Piper Sandler Companies has a 12-month low of $61.01 and a 12-month high of $95.07. The firm has a fifty day moving average of $79.94 and a 200-day moving average of $83.13. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of 19.97, a P/E/G ratio of 1.58 and a beta of 1.47.

Piper Sandler Companies (NYSE:PIPR) last announced its earnings results on Thursday, May 7th. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.15. The firm had revenue of $469.54 million during the quarter, compared to analyst estimates of $436.30 million. Piper Sandler Companies had a net margin of 13.94% and a return on equity of 21.09%. The company’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same period in the prior year, the business earned $4.09 EPS. On average, equities analysts expect that Piper Sandler Companies will post 4.57 EPS for the current year.

Piper Sandler Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, May 29th. This is a positive change from Piper Sandler Companies’s previous quarterly dividend of $0.18. Piper Sandler Companies’s dividend payout ratio is 17.68%.

Institutional Trading of Piper Sandler Companies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its stake in Piper Sandler Companies by 89.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 74 shares of the company’s stock valued at $25,000 after purchasing an additional 35 shares in the last quarter. Aster Capital Management DIFC Ltd raised its stake in shares of Piper Sandler Companies by 1,440.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 77 shares of the company’s stock worth $26,000 after purchasing an additional 72 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Piper Sandler Companies in the 4th quarter valued at approximately $28,000. Whittier Trust Co. acquired a new stake in shares of Piper Sandler Companies in the 3rd quarter valued at approximately $31,000. Finally, UMB Bank n.a. grew its stake in shares of Piper Sandler Companies by 55.2% in the fourth quarter. UMB Bank n.a. now owns 90 shares of the company’s stock valued at $31,000 after buying an additional 32 shares in the last quarter. Institutional investors own 72.79% of the company’s stock.

Piper Sandler Companies Company Profile

Piper Sandler Companies (NYSE: PIPR) is an investment bank and institutional securities firm that provides a range of capital markets and advisory services to corporations, institutions, municipalities and high-net-worth individuals. The firm’s core activities include investment banking and M&A advisory, underwriting and distribution of equity and debt securities, public finance, and sector-focused advisory across industries such as healthcare, energy, financial services and technology.

In addition to traditional investment banking, Piper Sandler offers equity and fixed income research, institutional sales and trading, and market-making services.