Piper Sandler Companies (NYSE:PIPR - Free Report) had its target price reduced by The Goldman Sachs Group from $321.00 to $286.00 in a research report released on Friday morning,Benzinga reports. They currently have a neutral rating on the financial services provider's stock.
Other equities research analysts have also recently issued research reports about the stock. JMP Securities reissued a "market perform" rating on shares of Piper Sandler Companies in a research report on Monday, February 3rd. StockNews.com cut shares of Piper Sandler Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th.
View Our Latest Report on Piper Sandler Companies
Piper Sandler Companies Price Performance
PIPR stock traded down $4.02 during midday trading on Friday, reaching $252.70. 97,700 shares of the company were exchanged, compared to its average volume of 105,051. The business has a 50-day moving average price of $276.34 and a two-hundred day moving average price of $295.87. Piper Sandler Companies has a one year low of $183.58 and a one year high of $351.80. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of 24.73 and a beta of 1.46.
Piper Sandler Companies (NYSE:PIPR - Get Free Report) last announced its earnings results on Friday, January 31st. The financial services provider reported $4.80 earnings per share (EPS) 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 in the previous year, the firm earned $4.03 earnings per share. As a group, analysts anticipate that Piper Sandler Companies will post 14.14 earnings per share for the current fiscal year.
Piper Sandler Companies Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, March 4th were given a dividend of $0.65 per share. The ex-dividend date was Tuesday, March 4th. This represents a $2.60 annualized dividend and a yield of 1.03%. Piper Sandler Companies's dividend payout ratio is 25.44%.
Institutional Investors Weigh In On Piper Sandler Companies
Institutional investors and hedge funds have recently bought and sold shares of the company. Cerity Partners LLC lifted its position in Piper Sandler Companies by 21.3% during the third quarter. Cerity Partners LLC now owns 16,060 shares of the financial services provider's stock worth $4,558,000 after purchasing an additional 2,819 shares during the period. Barclays PLC lifted its position in Piper Sandler Companies by 307.2% during the third quarter. Barclays PLC now owns 32,328 shares of the financial services provider's stock worth $9,174,000 after purchasing an additional 24,388 shares during the period. Smartleaf Asset Management LLC lifted its position in Piper Sandler Companies by 336.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 314 shares of the financial services provider's stock worth $94,000 after purchasing an additional 242 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Piper Sandler Companies by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 205,226 shares of the financial services provider's stock worth $58,245,000 after purchasing an additional 2,689 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Piper Sandler Companies during the third quarter worth about $624,000. Institutional investors own 72.79% of the company's stock.
About Piper Sandler Companies
(
Get Free Report)
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.
Further Reading
Before you consider Piper Sandler Companies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Piper Sandler Companies wasn't on the list.
While Piper Sandler Companies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
