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

Shares of Piper Sandler Companies (NYSE:PIPR) have earned a consensus rating of “Hold” from the six research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $95.0625.

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

Piper Sandler Companies Price Performance

Shares of PIPR opened at $74.52 on Monday. The firm has a 50 day simple moving average of $75.55 and a two-hundred day simple moving average of $78.31. Piper Sandler Companies has a one year low of $68.70 and a one year high of $95.07. The company has a market cap of $5.27 billion, a P/E ratio of 17.27, a P/E/G ratio of 1.73 and a beta of 1.43.

Piper Sandler Companies (NYSE:PIPR) last issued its earnings results on Thursday, July 30th. The company reported $1.04 earnings per share 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 for the quarter, compared to the consensus estimate of $445.28 million. During the same quarter last year, the business posted $2.92 EPS. The company’s revenue was up 24.9% compared to the same quarter last year. On average, analysts expect that Piper Sandler Companies will post 4.51 earnings per share for the current fiscal year.

Piper Sandler Companies Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PIPR. California State Teachers Retirement System acquired a new stake in shares of Piper Sandler Companies in the 2nd quarter valued at approximately $435,408,000. HB Wealth Management LLC acquired a new position in Piper Sandler Companies during the 2nd quarter worth approximately $302,000. Concurrent Investment Advisors LLC bought a new position in Piper Sandler Companies in the 2nd quarter valued at approximately $260,000. AXQ Capital LP bought a new position in Piper Sandler Companies in the 2nd quarter valued at approximately $209,000. Finally, Round Rock Advisors LLC acquired a new stake in Piper Sandler Companies in the second quarter valued at approximately $354,000. Institutional investors own 72.79% of the company’s stock.

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.