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

Shares of Piper Sandler Companies (NYSE:PIPR – Get Free Report) have received a consensus recommendation of “Hold” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $95.0625.

A number of equities research analysts have recently commented on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Piper Sandler Companies in a research note on Wednesday, May 20th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $97.00 price target on shares of Piper Sandler Companies in a research report on Tuesday, April 14th. 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. Finally, Zacks Research lowered shares of Piper Sandler Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th.

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Institutional Investors Weigh In On Piper Sandler Companies

A number of large investors have recently made changes to their positions in PIPR. EverSource Wealth Advisors LLC increased its stake in shares of Piper Sandler Companies by 89.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 74 shares of the company’s stock worth $25,000 after purchasing an additional 35 shares in the last quarter. Aster Capital Management DIFC Ltd lifted its position in Piper Sandler Companies by 1,440.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 77 shares of the company’s stock valued at $26,000 after purchasing an additional 72 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Piper Sandler Companies during the fourth quarter valued at about $28,000. UMB Bank n.a. grew its holdings in Piper Sandler Companies by 55.2% during the fourth quarter. UMB Bank n.a. now owns 90 shares of the company’s stock valued at $31,000 after purchasing an additional 32 shares during the period. Finally, Sterling Capital Management LLC increased its position in Piper Sandler Companies by 296.5% in the first quarter. Sterling Capital Management LLC now owns 452 shares of the company’s stock worth $35,000 after buying an additional 338 shares in the last quarter. 72.79% of the stock is currently owned by institutional investors.

Piper Sandler Companies Stock Performance

NYSE PIPR opened at $75.18 on Friday. The stock has a market cap of $5.34 billion, a P/E ratio of 18.98, a price-to-earnings-growth ratio of 1.47 and a beta of 1.42. Piper Sandler Companies has a fifty-two week low of $68.70 and a fifty-two week high of $95.07. The stock has a 50 day simple moving average of $78.98 and a two-hundred day simple moving average of $81.61.

Piper Sandler Companies (NYSE:PIPR – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.15. The company had revenue of $469.54 million during the quarter, compared to the consensus estimate of $436.30 million. Piper Sandler Companies had a net margin of 13.94% and a return on equity of 21.09%. Piper Sandler Companies’s revenue was up 32.7% on a year-over-year basis. During the same period in the prior year, the firm earned $4.09 earnings per share. Sell-side analysts predict that Piper Sandler Companies will post 4.57 earnings per share for the current year.

Piper Sandler Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, May 29th. This is a positive change from Piper Sandler Companies’s previous quarterly dividend of $0.17. This represents a $0.80 annualized dividend and a dividend yield of 1.1%. Piper Sandler Companies’s dividend payout ratio is presently 20.20%.

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.

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