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

Piper Sandler Companies (NYSE:PIPR) has been given an average rating of “Hold” by the six analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $95.0625.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new stake in Piper Sandler Companies during the 4th quarter valued at about $79,239,000. Bank of New York Mellon Corp increased its stake in Piper Sandler Companies by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 573,217 shares of the company’s stock worth $41,466,000 after purchasing an additional 2,967 shares during the period. Fiera Capital Corp increased its stake in Piper Sandler Companies by 32.4% in the 4th 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. Kennedy Capital Management LLC lifted its position in Piper Sandler Companies by 11.9% in the fourth quarter. Kennedy Capital Management LLC now owns 92,339 shares of the company’s stock valued at $31,368,000 after purchasing an additional 9,786 shares during the last quarter. Finally, Nicholas Investment Partners LP boosted its stake in shares of Piper Sandler Companies by 3.4% during the fourth quarter. Nicholas Investment Partners LP now owns 46,905 shares of the company’s stock valued at $15,934,000 after purchasing an additional 1,524 shares during the period. 72.79% of the stock is owned by institutional investors.

Piper Sandler Companies Stock Performance

Piper Sandler Companies stock opened at $72.33 on Friday. The firm’s fifty day moving average price is $75.44 and its 200-day moving average price is $77.52. 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 market cap of $5.11 billion, a P/E ratio of 16.76, a PEG ratio of 1.67 and a beta of 1.40.

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. Piper Sandler Companies had a return on equity of 21.92% and a net margin of 14.51%.The firm had revenue of $491.14 million during the quarter, compared to the consensus estimate of $445.28 million. During the same quarter last year, the company posted $2.92 EPS. The company’s revenue for the quarter was up 24.9% on a year-over-year basis. Sell-side analysts predict that Piper Sandler Companies will post 4.51 earnings per share for the current year.

Piper Sandler Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, August 28th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, August 28th. This represents a $0.80 annualized dividend and a yield of 1.1%. Piper Sandler Companies’s payout ratio is currently 18.52%.

Piper Sandler Companies Company Profile

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.