Piper Sandler Companies (NYSE:PIPR) Receives Average Rating of “Hold” from Analysts

Piper Sandler Companies (NYSE:PIPR – Get Free Report) has been given a consensus rating of “Hold” by the six brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $95.06.

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

Check Out Our Latest Research Report on Piper Sandler Companies

Institutional Investors Weigh In On Piper Sandler Companies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Piper Sandler Companies in the 4th quarter worth approximately $79,239,000. Wellington Management Group LLP acquired a new position in Piper Sandler Companies in the second quarter worth $13,753,000. WINTON GROUP Ltd acquired a new position in Piper Sandler Companies in the second quarter worth $9,445,000. One Capital Management LLC bought a new stake in Piper Sandler Companies during the second quarter valued at $2,288,000. Finally, Fiera Capital Corp raised its holdings in shares of Piper Sandler Companies by 32.4% during the fourth quarter. Fiera Capital Corp now owns 108,167 shares of the company’s stock worth $36,745,000 after purchasing an additional 26,500 shares during the period. Hedge funds and other institutional investors own 72.79% of the company’s stock.

Piper Sandler Companies Stock Performance

NYSE PIPR opened at $70.90 on Friday. The firm has a market capitalization of $5.01 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 1.68 and a beta of 1.40. Piper Sandler Companies has a one year low of $68.70 and a one year high of $95.07. The company’s 50 day moving average price is $75.18 and its 200 day moving average price is $77.46.

Piper Sandler Companies (NYSE:PIPR – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.16. The company had revenue of $491.14 million during the quarter, compared to analyst estimates of $445.28 million. Piper Sandler Companies had a net margin of 14.51% and a return on equity of 21.92%. The business’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.92 earnings per share. Sell-side analysts forecast that Piper Sandler Companies will post 4.51 EPS for the current fiscal year.

Piper Sandler Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 28th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 28th. Piper Sandler Companies’s payout ratio is presently 18.52%.

About Piper Sandler Companies

(Get Free Report)

Piper Sandler Companies (NYSE:PIPR) is an investment banking and financial services firm that provides advisory, capital markets, institutional sales and trading, research, and public finance services. The company serves corporations, private equity firms, institutional investors, government entities, and other public-sector organizations.

Its investment banking activities include mergers and acquisitions advice, equity and debt offerings, private placements, and strategic and financial advisory services.

Further Reading

Analyst Recommendations for Piper Sandler Companies (NYSE:PIPR)

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