Piper Sandler Companies (NYSE:PIPR) Given Average Recommendation of “Hold” by Brokerages

Shares of Piper Sandler Companies (NYSE:PIPRGet Free Report) have received a consensus recommendation of “Hold” from the six ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $95.0625.

A number of research firms have weighed in on PIPR. 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. Bank of America began coverage on shares of Piper Sandler Companies in a research note 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 price objective for the company in a research report on Wednesday, March 4th. Zacks Research lowered shares of Piper Sandler Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Piper Sandler Companies in a research note on Wednesday.

Check Out Our Latest Report on PIPR

Hedge Funds Weigh In On Piper Sandler Companies

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

Piper Sandler Companies Stock Down 0.1%

Shares of Piper Sandler Companies stock opened at $80.71 on Friday. The stock has a market cap of $5.73 billion, a price-to-earnings ratio of 20.38, a P/E/G ratio of 1.62 and a beta of 1.47. Piper Sandler Companies has a twelve month low of $61.01 and a twelve month high of $95.07. The company’s fifty day moving average is $80.51 and its 200 day moving average is $82.97.

Piper Sandler Companies (NYSE:PIPRGet Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.15. Piper Sandler Companies had a return on equity of 21.09% and a net margin of 13.94%.The firm had revenue of $469.54 million for the quarter, compared to analyst estimates of $436.30 million. During the same quarter in the previous year, the company posted $4.09 EPS. The business’s revenue was up 32.7% on a year-over-year basis. As a group, equities analysts anticipate that Piper Sandler Companies will post 4.57 earnings per share for the current fiscal year.

Piper Sandler Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, May 29th. This is a boost from Piper Sandler Companies’s previous quarterly dividend of $0.18. Piper Sandler Companies’s dividend payout ratio is presently 17.68%.

About Piper Sandler Companies

(Get Free Report)

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.

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Analyst Recommendations for Piper Sandler Companies (NYSE:PIPR)

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