Piper Sandler Companies (NYSE:PIPR) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts have an average “Hold” rating on Piper Sandler Companies, with one sell, two hold, and three buy recommendations. The average 12-month price target is $95.06, above the reported share price of $72.14.
• Piper Sandler reported quarterly EPS of $1.04, beating the $0.88 consensus estimate, while revenue rose 24.9% year over year to $491.14 million.
• Institutional investors own 72.79% of the company, and Piper Sandler pays a quarterly dividend of $0.20 per share, equivalent to a 1.1% yield.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) has been given an average recommendation of "Hold" by the six research firms that are covering the stock, Marketbeat 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 1 year price objective among brokerages that have updated their coverage 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 report on Monday, August 17th.

Hedge Funds Weigh In On Piper Sandler Companies

A number of large investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its holdings in shares of Piper Sandler Companies by 89.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 74 shares of the company's stock valued at $25,000 after purchasing an additional 35 shares during the last quarter. Global Retirement Partners LLC raised its position in shares of Piper Sandler Companies by 4,175.0% during the 4th quarter. Global Retirement Partners LLC now owns 171 shares of the company's stock worth $58,000 after purchasing an additional 167 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Piper Sandler Companies by 544.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 174 shares of the company's stock worth $59,000 after purchasing an additional 147 shares during the last quarter. Palladiem LLC bought a new stake in shares of Piper Sandler Companies in the 4th quarter worth approximately $69,000. Finally, Allworth Financial LP boosted its position in Piper Sandler Companies by 21.0% during the 4th quarter. Allworth Financial LP now owns 317 shares of the company's stock valued at $108,000 after purchasing an additional 55 shares during the period. Institutional investors own 72.79% of the company's stock.

Piper Sandler Companies Trading Up 1.1%

Shares of NYSE PIPR opened at $72.14 on Friday. Piper Sandler Companies has a twelve month low of $68.70 and a twelve month high of $95.07. The company has a market capitalization of $5.10 billion, a price-to-earnings ratio of 16.72, a price-to-earnings-growth ratio of 1.65 and a beta of 1.40. The business has a 50 day simple moving average of $75.44 and a 200-day simple moving average of $77.55.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last announced 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 firm had revenue of $491.14 million for the quarter, compared to analysts' expectations of $445.28 million. Piper Sandler Companies had a return on equity of 21.92% and a net margin of 14.51%.The firm's revenue for the quarter was up 24.9% on a year-over-year basis. During the same period last year, the business posted $2.92 earnings per share. As a group, equities 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 disclosed a quarterly dividend, which was paid on Friday, September 11th. Investors 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 dividend payout ratio is currently 18.52%.

About Piper Sandler Companies

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.

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