Piper Sandler Companies (NYSE:PIPR) Given Average Rating of “Hold” by Analysts

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

Several equities analysts recently commented on PIPR shares. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $97.00 price objective on shares of Piper Sandler Companies in a research report on Tuesday, April 14th. Wall Street Zen cut shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Piper Sandler Companies in a report on Wednesday, May 20th.

Hedge Funds Weigh In On Piper Sandler Companies

Institutional investors have recently added to or reduced their stakes in the stock. M&T Bank Corp grew its holdings in Piper Sandler Companies by 3.5% during the second quarter. M&T Bank Corp now owns 905 shares of the company’s stock worth $251,000 after acquiring an additional 31 shares during the period. UMB Bank n.a. raised its holdings in shares of Piper Sandler Companies by 55.2% in the 4th quarter. UMB Bank n.a. now owns 90 shares of the company’s stock worth $31,000 after purchasing an additional 32 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Piper Sandler Companies by 89.7% during 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 during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Piper Sandler Companies by 0.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 8,108 shares of the company’s stock valued at $2,754,000 after purchasing an additional 35 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in Piper Sandler Companies by 13.4% during the second quarter. Smartleaf Asset Management LLC now owns 330 shares of the company’s stock worth $93,000 after buying an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 72.79% of the company’s stock.

Piper Sandler Companies Price Performance

Piper Sandler Companies stock opened at $76.09 on Thursday. Piper Sandler Companies has a 1-year low of $68.70 and a 1-year high of $95.07. The business has a fifty day moving average price of $76.45 and a 200-day moving average price of $79.82. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 1.76 and a beta of 1.43.

Piper Sandler Companies (NYSE:PIPR) last announced its earnings results on Thursday, July 30th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.16. Piper Sandler Companies had a return on equity of 22.04% and a net margin of 14.51%.The company had revenue of $491.14 million for the quarter, compared to analyst estimates of $445.28 million. During the same period in the prior year, the company posted $2.92 EPS. The firm’s quarterly revenue was up 24.9% compared to the same quarter last year. On average, equities research analysts anticipate that Piper Sandler Companies will post 4.51 earnings per share for the current fiscal year.

Piper Sandler Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, August 28th. Piper Sandler Companies’s payout ratio is presently 18.52%.

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.