Piper Sandler Companies (NYSE:PIPR) Stock Has Consensus Price Target of $90.81 According to Analysts

Shares of Piper Sandler Companies (NYSE:PIPR) have been given an average recommendation of “Hold” by the six research firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $90.81.

PIPR has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Piper Sandler Companies in a report on Monday, August 17th. The Goldman Sachs Group set a $80.00 price target on Piper Sandler Companies and gave the company a “buy” rating in a research note on Thursday, October 1st. Finally, Zacks Research downgraded Piper Sandler Companies from a “hold” rating to a “strong sell” rating in a report on Tuesday.

Piper Sandler Companies Stock Up 0.3%

Shares of NYSE PIPR opened at $64.67 on Tuesday. The business’s 50 day moving average price is $72.15 and its two-hundred day moving average price is $76.69. The company has a market cap of $4.57 billion, a PE ratio of 13.68, a price-to-earnings-growth ratio of 1.95 and a beta of 1.43. Piper Sandler Companies has a twelve month low of $61.35 and a twelve month high of $95.07.

Piper Sandler Companies (NYSE:PIPR) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.16. Piper Sandler Companies had a return on equity of 21.92% and a net margin of 14.51%. The company had revenue of $491.14 million during the quarter, compared to analysts’ expectations of $445.28 million. During the same period last year, the firm posted $2.92 earnings per share. The business’s revenue was up 24.9% on a year-over-year basis. As a group, research analysts anticipate that Piper Sandler Companies will post 4.47 EPS for the current fiscal year.

Piper Sandler Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, August 28th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, August 28th. Piper Sandler Companies’s payout ratio is currently 18.52%.

Institutional Trading of Piper Sandler Companies

Hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Piper Sandler Companies by 544.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 174 shares of the company’s stock worth $59,000 after buying an additional 147 shares during the period. Rockefeller Capital Management L.P. grew its stake in Piper Sandler Companies by 71.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 346 shares of the company’s stock valued at $118,000 after buying an additional 144 shares during the last quarter. Sterling Capital Management LLC grew its stake 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 buying an additional 338 shares during the last quarter. Parkside Financial Bank & Trust bought a new position in Piper Sandler Companies in the 2nd quarter valued at about $37,000. Finally, DGS Capital Management LLC bought a new position in Piper Sandler Companies in the 4th quarter valued at about $313,000. Institutional investors and hedge funds own 72.79% of the company’s stock.

Piper Sandler Companies Company Profile

Piper Sandler Companies (NYSE:PIPR) is a U.S.-based investment bank and financial services firm that provides capital markets and advisory services to corporations, financial institutions, public entities and other organizations. Its activities include investment banking, mergers and acquisitions advisory, equity and debt offerings, private placements, restructuring advice and strategic consulting.

The company also offers institutional securities services, including equity and fixed-income research, sales and trading, and municipal finance capabilities.