Piper Sandler Companies (NYSE:PIPR) Upgraded at StockNews.com

StockNews.com upgraded shares of Piper Sandler Companies (NYSE:PIPRGet Rating) from a hold rating to a buy rating in a research note published on Tuesday.

Other analysts have also recently issued reports about the company. Wolfe Research cut Piper Sandler Companies from an outperform rating to a peer perform rating and set a $132.00 price target on the stock. in a research report on Monday, July 11th. JMP Securities dropped their price target on Piper Sandler Companies from $182.00 to $178.00 and set a market outperform rating on the stock in a research report on Tuesday, July 12th.

Piper Sandler Companies Trading Down 1.3 %

Shares of NYSE PIPR opened at $110.32 on Tuesday. The stock’s 50 day moving average price is $118.80 and its two-hundred day moving average price is $120.45. Piper Sandler Companies has a 52-week low of $102.60 and a 52-week high of $193.60. The stock has a market capitalization of $1.92 billion, a P/E ratio of 8.76 and a beta of 1.40. The company has a quick ratio of 0.68, a current ratio of 1.34 and a debt-to-equity ratio of 0.11.

Piper Sandler Companies (NYSE:PIPRGet Rating) last announced its quarterly earnings data on Friday, July 29th. The company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.18. The firm had revenue of $354.55 million for the quarter, compared to analysts’ expectations of $334.02 million. Piper Sandler Companies had a return on equity of 27.86% and a net margin of 12.06%. On average, analysts anticipate that Piper Sandler Companies will post 10.79 earnings per share for the current fiscal year.

Piper Sandler Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 26th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date was Thursday, August 25th. Piper Sandler Companies’s dividend payout ratio (DPR) is 19.05%.

Hedge Funds Weigh In On Piper Sandler Companies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BerganKDV Wealth Management LLC boosted its stake in Piper Sandler Companies by 196.5% during the 1st quarter. BerganKDV Wealth Management LLC now owns 255 shares of the company’s stock valued at $33,000 after purchasing an additional 169 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Piper Sandler Companies during the 1st quarter valued at $215,000. Quantbot Technologies LP bought a new position in Piper Sandler Companies during the 1st quarter valued at $230,000. Campbell & CO Investment Adviser LLC bought a new position in Piper Sandler Companies during the 1st quarter valued at $232,000. Finally, Commerce Bank bought a new position in Piper Sandler Companies during the 4th quarter valued at $242,000. 66.98% of the stock is owned by institutional investors.

Piper Sandler Companies Company Profile

(Get Rating)

Piper Sandler Companies operates as an investment bank and institutional securities firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally. The company offers investment banking and institutional sales, trading, and research services for various equity and fixed income products.

Read More

Receive News & Ratings for Piper Sandler Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Piper Sandler Companies and related companies with MarketBeat.com's FREE daily email newsletter.