Brokerages Set Piper Sandler Companies (NYSE:PIPR) Price Target at $95.06

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

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

Read Our Latest Stock Report on Piper Sandler Companies

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PIPR. Norges Bank acquired a new stake in Piper Sandler Companies during the fourth quarter worth approximately $79,239,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Piper Sandler Companies during the first quarter worth $1,535,000. New Age Alpha Advisors LLC grew its position in shares of Piper Sandler Companies by 1,783.0% in the fourth quarter. New Age Alpha Advisors LLC now owns 14,763 shares of the company’s stock valued at $5,015,000 after purchasing an additional 13,979 shares during the period. TimesSquare Capital Management LLC increased its stake in Piper Sandler Companies by 13.3% in the fourth quarter. TimesSquare Capital Management LLC now owns 93,893 shares of the company’s stock valued at $31,896,000 after purchasing an additional 11,033 shares during the last quarter. Finally, Kennedy Capital Management LLC lifted its position in Piper Sandler Companies by 11.9% during the fourth quarter. Kennedy Capital Management LLC now owns 92,339 shares of the company’s stock worth $31,368,000 after buying an additional 9,786 shares during the period. 72.79% of the stock is owned by hedge funds and other institutional investors.

Piper Sandler Companies Stock Up 1.2%

Shares of Piper Sandler Companies stock opened at $75.54 on Monday. The firm has a market capitalization of $5.34 billion, a P/E ratio of 17.51, a P/E/G ratio of 1.73 and a beta of 1.43. Piper Sandler Companies has a 52 week low of $68.70 and a 52 week high of $95.07. The firm’s 50 day moving average is $75.28 and its two-hundred day moving average is $78.18.

Piper Sandler Companies (NYSE:PIPRGet Free Report) last announced its earnings results on Thursday, July 30th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.16. The business had revenue of $491.14 million for the quarter, compared to analysts’ expectations of $445.28 million. Piper Sandler Companies had a net margin of 14.51% and a return on equity of 21.92%. The company’s quarterly revenue was up 24.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.92 EPS. As a group, research analysts expect 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 announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $0.80 annualized dividend and a yield of 1.1%. Piper Sandler Companies’s dividend payout ratio is 18.52%.

Piper Sandler Companies Company Profile

(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.

See Also

Analyst Recommendations for Piper Sandler Companies (NYSE:PIPR)

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