Piper Sandler Companies Stock Price, News & Analysis (NYSE:PIPR)

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Piper Sandler Companies in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PIPR shares.
View PIPR analyst ratings or view top-rated stocks.

3 equities research analysts have issued twelve-month target prices for Piper Sandler Companies' shares. Their PIPR share price targets range from $150.00 to $172.00. On average, they expect the company's stock price to reach $164.00 in the next twelve months. This suggests a possible upside of 1.3% from the stock's current price.
View analysts price targets for PIPR or view top-rated stocks among Wall Street analysts.

Piper Sandler Companies' stock was trading at $130.19 on January 1st, 2023. Since then, PIPR shares have increased by 24.3% and is now trading at $161.88.
View the best growth stocks for 2023 here.

Piper Sandler Companies saw a increase in short interest in October. As of October 31st, there was short interest totaling 374,400 shares, an increase of 24.3% from the October 15th total of 301,100 shares. Based on an average daily volume of 78,900 shares, the days-to-cover ratio is presently 4.7 days. Approximately 2.2% of the company's stock are sold short.
View Piper Sandler Companies' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, February 2nd 2024.
View our PIPR earnings forecast.

Piper Sandler Companies (NYSE:PIPR) posted its quarterly earnings data on Friday, October, 27th. The financial services provider reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.70 by $0.06. The financial services provider had revenue of $289.49 million for the quarter, compared to analyst estimates of $295.40 million. Piper Sandler Companies had a net margin of 5.64% and a trailing twelve-month return on equity of 12.38%.

Piper Sandler Companies declared a quarterly dividend on Friday, October 27th. Investors of record on Tuesday, November 21st will be paid a dividend of $0.60 per share on Friday, December 8th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Monday, November 20th.
Read our dividend analysis for PIPR.

Piper Sandler Companies (NYSE:PIPR) pays an annual dividend of $2.40 per share and currently has a dividend yield of 1.52%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 57.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PIPR will have a dividend payout ratio of 23.44% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PIPR.

ETFs with the largest weight of Piper Sandler Companies (NYSE:PIPR) stock in their portfolio include SPDR S&P Capital Markets ETF (KCE), Nuveen Small Cap Select ETF (NSCS), iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI), Invesco S&P SmallCap Financials ETF (PSCF), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), First Trust Multi-Manager Small Cap Opportunities ETF (MMSC), Vident Core U.S. Equity Fund (VUSE) and Avantis U.S. Small Cap Equity ETF (AVSC).

Based on aggregate information from My MarketBeat watchlists, some companies that other Piper Sandler Companies investors own include Chevron (CVX), CVS Health (CVS), Cheniere Energy Partners (CQP), Callon Petroleum (CPE), Compass Diversified (CODI-PC), Compass Diversified (CODI-PB), Compass Diversified (CODI-PA), Bristol-Myers Squibb (BMY), ARK Innovation ETF (ARKK) and Abbott Laboratories (ABT).

Piper Sandler Companies' stock is owned by a variety of retail and institutional investors. Top institutional investors include Lord Abbett & CO. LLC (1.46%), North Reef Capital Management LP (1.38%), Invesco Ltd. (1.27%), Northern Trust Corp (1.04%), Charles Schwab Investment Management Inc. (1.02%) and Bank of New York Mellon Corp (1.00%). Insiders that own company stock include Chad R Abraham, Chad R Abraham, Chad R Abraham, Chad R Abraham, John W Geelan, John W Geelan, Jonathan J Doyle and Jonathan J Doyle.
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Shares of PIPR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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