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

Company Overview

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. It also provides public finance investment banking services that focus on state and local governments, and cultural and social service non-profit entities, as well as the education, healthcare, hospitality, senior living, housing, and transportation sectors. In addition, the company offers equity and fixed income advisory and trade execution services for institutional investors, corporations, and government and non-profit entities. Further, it is involved in the alternative asset management funds merchant banking and healthcare to invest firm capital and to manage capital from outside investors. The company was formerly known as Piper Jaffray Companies and changed its name to Piper Sandler Companies in January 2020. Piper Sandler Companies was founded in 1895 and is headquartered in Minneapolis, Minnesota.

Key Stats

• Today's Range: $330.46 to $334.57
• 50-Day Range: $280.53 to $347.15
• 52-Week Range: $151.03 to $347.15
• Volume: 66,400 shs
• Average Volume: 108,309 shs
• Market Capitalization: $5.94 billion
• P/E Ratio: 35.70
• Dividend Yield: 0.78%
• Price Target: $193.00
• Consensus Rating: Hold

Piper Sandler Companies Stock Analysis - MarketRank™

Piper Sandler Companies scored higher than 72% of companies evaluated by MarketBeat, and ranked 342nd out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.2 / 5
• Analyst Rating: Hold

Consensus Rating

Piper Sandler Companies has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Piper Sandler Companies has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 17.23%

Earnings Growth

Earnings for Piper Sandler Companies are expected to grow by 17.23% in the coming year, from $11.49 to $13.47 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Piper Sandler Companies is 35.70, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.22.

Price to Earnings Ratio vs. Sector

The P/E ratio of Piper Sandler Companies is 35.70, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 49.34.

Price to Book Value per Share Ratio

Piper Sandler Companies has a P/B Ratio of 4.55. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.46% of the float of Piper Sandler Companies has been sold short.

Short Interest Ratio / Days to Cover

Piper Sandler Companies has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Piper Sandler Companies has recently decreased by 39.17%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Piper Sandler Companies has a dividend yield of 0.77%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Piper Sandler Companies does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Piper Sandler Companies is 27.78%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Piper Sandler Companies will have a dividend payout ratio of 19.30% next year. This indicates that Piper Sandler Companies will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.46% of the float of Piper Sandler Companies has been sold short.

Short Interest Ratio / Days to Cover

Piper Sandler Companies has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Piper Sandler Companies has recently decreased by 39.17%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 1.54

News Sentiment

Piper Sandler Companies has a news sentiment score of 1.54. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Piper Sandler Companies this week, compared to 5 articles on an average week.

MarketBeat Follows

Only 1 people have added Piper Sandler Companies to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Piper Sandler Companies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $472,945.00 in company stock.

Percentage Held by Insiders

Only 3.00% of the stock of Piper Sandler Companies is held by insiders.

Percentage Held by Institutions

72.79% of the stock of Piper Sandler Companies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PIPR Stock Analysis - Frequently Asked Questions

How have PIPR shares performed this year?

Piper Sandler Companies' stock was trading at $174.87 at the beginning of the year. Since then, PIPR stock has increased by 91.1% and is now trading at $334.13.
View the best growth stocks for 2024 here.

How were Piper Sandler Companies' earnings last quarter?

Piper Sandler Companies (NYSE:PIPR) posted its earnings results on Friday, October, 25th. The financial services provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.53 by $0.04. The financial services provider earned $359.57 million during the quarter, compared to analyst estimates of $365.07 million. Piper Sandler Companies had a trailing twelve-month return on equity of 16.06% and a net margin of 10.84%.

Who are Piper Sandler Companies' major shareholders?

Top institutional shareholders of Piper Sandler Companies include State Street Corp (3.84%), FMR LLC (3.52%), Geode Capital Management LLC (2.12%) and Stephens Investment Management Group LLC (1.17%). Insiders that own company stock include Jonathan J Doyle, Debbra L Schoneman, Chad R Abraham and John W Geelan.
View institutional ownership trends.

How do I buy shares of Piper Sandler Companies?

Shares of PIPR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Piper Sandler Companies own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Piper Sandler Companies investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), ServiceNow (NOW) and Arista Networks (ANET).

Company Calendar

• Ex-Dividend for 9/13 Dividend: 8/29/2024
• Dividend Payable: 9/13/2024
• Last Earnings: 10/25/2024
• Today: 11/20/2024
• Ex-Dividend for 12/13 Dividend: 11/22/2024
• Dividend Payable: 12/13/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/07/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Security brokers & dealers
• Sub-Industry: Investment Banking & Brokerage
• Current Symbol: NYSE:PIPR
• CUSIP: 72407810
• CIK: 1230245
• Web: www.piperjaffray.com
• Phone: (612) 303-6000
• Fax: 612-342-6996
• Employees: 1,725
• Year Founded: 1895

Price Target and Rating

• Average Stock Price Target: $193.00
• High Stock Price Target: $193.00
• Low Stock Price Target: $193.00
• Potential Upside/Downside: -42.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $9.36
• Trailing P/E Ratio: 35.70
• Forward P/E Ratio: 29.08
• P/E Growth: N/A
• Net Income: $85.49 million
• Net Margins: 10.84%
• Pretax Margin: 14.68%
• Return on Equity: 16.06%
• Return on Assets: 10.81%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.29
• Quick Ratio: 0.67

Sales & Book Value

• Annual Sales: $1.35 billion
• Price / Sales: 4.41
• Cash Flow: $12.05 per share
• Price / Cash Flow: 27.74
• Book Value: $73.38 per share
• Price / Book: 4.55

Miscellaneous

• Outstanding Shares: 17,780,000
• Free Float: 17,247,000
• Market Cap: $5.94 billion
• Optionable: Optionable
• Beta: 1.39