Piper Sandler Companies (PIPR) Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Piper Sandler Companies in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PIPR shares.
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4 equities research analysts have issued 12 month price targets for Piper Sandler Companies' shares. Their PIPR share price forecasts range from $132.00 to $174.00. On average, they expect the company's stock price to reach $157.00 in the next year. This suggests a possible upside of 15.1% from the stock's current price.
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Piper Sandler Companies' stock was trading at $130.19 at the beginning of the year. Since then, PIPR stock has increased by 4.8% and is now trading at $136.45.
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The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 2023.
View our PIPR earnings forecast.

Piper Sandler Companies (NYSE:PIPR) issued its quarterly earnings results on Tuesday, May, 2nd. The company reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.96. The firm earned $290.24 million during the quarter, compared to analyst estimates of $299.34 million. Piper Sandler Companies had a net margin of 7.25% and a trailing twelve-month return on equity of 15.38%. The business's quarterly revenue was down 19.9% compared to the same quarter last year. During the same quarter last year, the firm earned $3.12 EPS.

Piper Sandler Companies declared a quarterly dividend on Tuesday, May 2nd. Shareholders of record on Friday, May 26th will be given a dividend of $0.60 per share on Friday, June 9th. This represents a $2.40 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Thursday, May 25th.
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), Invesco DWA Financial Momentum ETF (PFI), 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), Invesco S&P SmallCap Quality ETF (XSHQ) and First Trust Multi-Manager Small Cap Opportunities ETF (MMSC).

Piper Sandler Companies (NYSE:PIPR) pays an annual dividend of $2.40 per share and currently has a dividend yield of 1.75%. 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 40.89%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for PIPR.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "PIPR."

Piper Sandler Companies' stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (13.55%), State Street Corp (3.23%), Dimensional Fund Advisors LP (2.73%), Stephens Investment Management Group LLC (2.46%), GW&K Investment Management LLC (2.46%) and Geode Capital Management LLC (1.68%). Insiders that own company stock include Chad R Abraham, Chad R Abraham, John W Geelan 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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One share of PIPR stock can currently be purchased for approximately $136.45.

Piper Sandler Companies (NYSE:PIPR) has a market capitalization of $2.42 billion and generates $1.43 billion in revenue each year. The company earns $110.67 million in net income (profit) each year or $5.87 on an earnings per share basis.

The company employs 1,790 workers across the globe.

Piper Sandler Companies' mailing address is 800 NICOLLET MALL SUITE 1000, MINNEAPOLIS MN, 55402. The official website for the company is www.piperjaffray.com. The company can be reached via phone at (612) 303-6000, via email at timothy.l.carter@pjc.com, or via fax at 612-342-6996.