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

Shares of Piper Sandler Companies (NYSE:PIPR) have been given a consensus recommendation of “Hold” by the six research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $95.0625.

Several analysts recently issued reports on the company. The Goldman Sachs Group reiterated a “buy” rating and set a $97.00 price objective on shares of Piper Sandler Companies in a report on Tuesday, April 14th. Northland Securities upgraded Piper Sandler Companies from a “market perform” rating to an “outperform” rating and set a $87.50 price objective on the stock in a research note on Wednesday, March 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Piper Sandler Companies in a research note on Wednesday, May 20th. Wall Street Zen downgraded Piper Sandler Companies from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, Zacks Research downgraded Piper Sandler Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th.

Piper Sandler Companies Stock Up 0.1%

Shares of Piper Sandler Companies stock opened at $79.14 on Wednesday. The stock has a market cap of $5.62 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 1.59 and a beta of 1.41. The business has a fifty day simple moving average of $81.78 and a 200-day simple moving average of $82.57. Piper Sandler Companies has a 12 month low of $62.49 and a 12 month high of $95.07.

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

Piper Sandler Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, May 29th. This is a positive change from Piper Sandler Companies’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a yield of 1.0%. Piper Sandler Companies’s dividend payout ratio (DPR) is presently 20.20%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of PIPR. Norges Bank bought a new position in shares of Piper Sandler Companies in the fourth quarter valued at approximately $79,239,000. Wellington Management Group LLP bought a new position in Piper Sandler Companies in the 3rd quarter worth approximately $38,425,000. TimesSquare Capital Management LLC bought a new position in Piper Sandler Companies in the 3rd quarter worth approximately $28,752,000. Fiera Capital Corp bought a new position in Piper Sandler Companies in the 3rd quarter worth approximately $28,338,000. Finally, North Reef Capital Management LP raised its position in Piper Sandler Companies by 35.1% in the 4th quarter. North Reef Capital Management LP now owns 204,900 shares of the company’s stock worth $69,607,000 after purchasing an additional 53,193 shares during 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.