Piper Sandler Companies (NYSE:PIPR – Get Free Report) declared a quarterly dividend on Friday, May 1st. Shareholders of record on Friday, May 29th will be given a dividend of 0.20 per share on Friday, June 12th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, May 29th. This is a 14.3% increase from Piper Sandler Companies’s previous quarterly dividend of $0.18.
Piper Sandler Companies has raised its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Piper Sandler Companies has a payout ratio of 4.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Piper Sandler Companies to earn $5.38 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 14.9%.
Piper Sandler Companies Trading Up 0.2%
NYSE:PIPR opened at $80.83 on Wednesday. The firm has a market cap of $5.74 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 1.62 and a beta of 1.47. The stock has a fifty day moving average price of $80.93 and a 200 day moving average price of $82.96. Piper Sandler Companies has a 12-month low of $61.96 and a 12-month high of $95.07.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on PIPR shares. Wall Street Zen downgraded Piper Sandler Companies from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Northland Securities raised 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. The Goldman Sachs Group reissued a “buy” rating and set a $97.00 price objective on shares of Piper Sandler Companies in a research report on Tuesday, April 14th. Zacks Research downgraded Piper Sandler Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Piper Sandler Companies in a research report on Wednesday, May 20th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Piper Sandler Companies currently has an average rating of “Hold” and a consensus target price of $95.06.
View Our Latest Stock Report on Piper Sandler Companies
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.
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