Piper Sandler Companies (NYSE:PIPR) Given Consensus Rating of “Hold” by Brokerages

Piper Sandler Companies (NYSE:PIPR) has received a consensus rating of “Hold” from the six research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $95.0625.

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

Institutional Trading of Piper Sandler Companies

Institutional investors and hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System purchased a new stake in Piper Sandler Companies in the second quarter valued at $435,408,000. Norges Bank acquired a new stake in Piper Sandler Companies during the fourth quarter worth about $79,239,000. Wellington Management Group LLP acquired a new stake in Piper Sandler Companies during the second quarter worth about $13,753,000. North Reef Capital Management LP lifted its holdings in Piper Sandler Companies by 35.1% in the fourth quarter. North Reef Capital Management LP now owns 204,900 shares of the company’s stock valued at $69,607,000 after acquiring an additional 53,193 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Piper Sandler Companies in the 4th quarter worth approximately $17,712,000. 72.79% of the stock is currently owned by institutional investors and hedge funds.

Piper Sandler Companies Stock Down 0.1%

PIPR stock opened at $75.54 on Monday. The firm has a 50 day moving average of $75.28 and a 200 day moving average of $78.07. The stock has a market capitalization of $5.34 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 1.75 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.

Piper Sandler Companies (NYSE:PIPR) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.04 earnings per share (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 analyst estimates of $445.28 million. Piper Sandler Companies had a net margin of 14.51% and a return on equity of 21.92%. Piper Sandler Companies’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.92 EPS. On average, equities research analysts expect that Piper Sandler Companies will post 4.51 earnings per share for the current year.

Piper Sandler Companies Announces Dividend

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

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.