Piper Sandler Companies (NYSE:PIPR) Receives Consensus Rating of “Hold” from Brokerages

Piper Sandler Companies (NYSE:PIPR) has been given an average recommendation of “Hold” by the six brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $95.0625.

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Piper Sandler Companies in a research note on Monday, August 17th.

Institutional Investors Weigh In On Piper Sandler Companies

Large investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC boosted 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 worth $25,000 after purchasing an additional 35 shares in the last quarter. Sterling Capital Management LLC increased its position in Piper Sandler Companies by 296.5% in the 1st quarter. Sterling Capital Management LLC now owns 452 shares of the company’s stock valued at $35,000 after acquiring an additional 338 shares in the last quarter. Parkside Financial Bank & Trust acquired a new position in shares of Piper Sandler Companies during the second quarter worth approximately $37,000. Global Retirement Partners LLC grew its stake in shares of Piper Sandler Companies by 4,175.0% during the fourth quarter. Global Retirement Partners LLC now owns 171 shares of the company’s stock valued at $58,000 after purchasing an additional 167 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in Piper Sandler Companies by 544.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 174 shares of the company’s stock worth $59,000 after purchasing an additional 147 shares during the last quarter. 72.79% of the stock is currently owned by institutional investors.

Piper Sandler Companies Price Performance

Shares of Piper Sandler Companies stock opened at $72.75 on Friday. Piper Sandler Companies has a 52-week low of $68.70 and a 52-week high of $95.07. The firm has a market capitalization of $5.14 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40. The company’s fifty day moving average price is $75.43 and its two-hundred day moving average price is $77.50.

Piper Sandler Companies (NYSE:PIPR) last posted its earnings results on Thursday, July 30th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.16. Piper Sandler Companies had a net margin of 14.51% and a return on equity of 21.92%. The business had revenue of $491.14 million for the quarter, compared to analysts’ expectations of $445.28 million. During the same quarter in the previous year, the firm posted $2.92 earnings per share. The firm’s revenue for the quarter was up 24.9% on a year-over-year basis. Analysts predict that Piper Sandler Companies will post 4.51 earnings per share for the current fiscal year.

Piper Sandler Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 28th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 28th. Piper Sandler Companies’s dividend payout ratio (DPR) is currently 18.52%.

Piper Sandler Companies Company Profile

Piper Sandler Companies (NYSE:PIPR) is an investment banking and financial services firm that provides advisory, capital markets, institutional sales and trading, research, and public finance services. The company serves corporations, private equity firms, institutional investors, government entities, and other public-sector organizations.

Its investment banking activities include mergers and acquisitions advice, equity and debt offerings, private placements, and strategic and financial advisory services.