Piper Sandler Companies (NYSE:PIPR - Get Free Report) declared a quarterly dividend on Friday, January 31st,Wall Street Journal reports. Stockholders of record on Tuesday, March 4th will be paid a dividend of 0.65 per share by the financial services provider on Friday, March 14th. This represents a $2.60 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Tuesday, March 4th.
Piper Sandler Companies has increased its dividend by an average of 8.6% annually over the last three years. Piper Sandler Companies has a payout ratio of 13.5% indicating that its dividend is sufficiently covered by earnings.
Piper Sandler Companies Price Performance
Shares of PIPR stock traded down $4.06 during trading hours on Thursday, reaching $319.62. 97,400 shares of the stock were exchanged, compared to its average volume of 95,846. The business's fifty day moving average is $304.59 and its two-hundred day moving average is $314.98. The firm has a market capitalization of $5.68 billion, a P/E ratio of 31.27 and a beta of 1.46. Piper Sandler Companies has a 12-month low of $177.80 and a 12-month high of $351.80.
Piper Sandler Companies (NYSE:PIPR - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.80 earnings per share for the quarter, beating analysts' consensus estimates of $3.99 by $0.81. Piper Sandler Companies had a net margin of 11.87% and a return on equity of 17.00%. During the same period last year, the business posted $4.03 EPS. As a group, equities research analysts predict that Piper Sandler Companies will post 13.47 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several research firms recently weighed in on PIPR. The Goldman Sachs Group boosted their target price on Piper Sandler Companies from $298.00 to $330.00 and gave the stock a "neutral" rating in a research note on Monday. StockNews.com downgraded Piper Sandler Companies from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th. Finally, JMP Securities reiterated a "market perform" rating on shares of Piper Sandler Companies in a research report on Monday.
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About Piper Sandler Companies
(
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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. It offers investment banking services and institutional sales, trading, and research services for various equity and fixed income products; advisory services, such as mergers and acquisitions, equity and debt private placements, and debt and restructuring advisory; raises capital through equity and debt financings; underwrites municipal issuances; and municipal financial advisory and loan placement services, as well as various over-the-counter derivative products.
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