Piper Sandler Companies (NYSE:PIPR) Now Covered by Analysts at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of Piper Sandler Companies (NYSE:PIPR) in a report published on Tuesday morning, Analyst Ratings Network reports. The firm issued a buy rating and a $168.00 target price on the stock.

Other research analysts also recently issued research reports about the stock. JMP Securities upped their price objective on shares of Piper Sandler Companies from $138.00 to $172.00 in a research note on Monday, August 2nd. Northland Securities reaffirmed a buy rating and set a $161.00 price target on shares of Piper Sandler Companies in a research note on Thursday, September 16th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Piper Sandler Companies currently has a consensus rating of Buy and an average price target of $158.00.

Shares of NYSE PIPR opened at $132.96 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.83 and a current ratio of 1.37. Piper Sandler Companies has a one year low of $67.22 and a one year high of $146.50. The firm has a market capitalization of $2.40 billion, a P/E ratio of 12.59 and a beta of 1.33. The company’s fifty day moving average is $134.15 and its two-hundred day moving average is $125.67.

Piper Sandler Companies (NYSE:PIPR) last released its quarterly earnings results on Thursday, July 29th. The company reported $5.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.45 by $1.92. Piper Sandler Companies had a net margin of 10.47% and a return on equity of 30.30%. On average, sell-side analysts forecast that Piper Sandler Companies will post 17.09 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 10th. Investors of record on Friday, August 27th were issued a $0.55 dividend. This is a positive change from Piper Sandler Companies’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, August 26th. This represents a $2.20 annualized dividend and a yield of 1.65%. Piper Sandler Companies’s dividend payout ratio (DPR) is presently 21.96%.

In other news, CEO Chad R. Abraham sold 8,300 shares of the company’s stock in a transaction dated Tuesday, August 3rd. The stock was sold at an average price of $128.82, for a total value of $1,069,206.00. Following the completion of the sale, the chief executive officer now owns 88,386 shares of the company’s stock, valued at $11,385,884.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jonathan J. Doyle sold 4,496 shares of the business’s stock in a transaction that occurred on Thursday, September 2nd. The stock was sold at an average price of $143.33, for a total value of $644,411.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,348 shares of company stock worth $4,792,144. 3.80% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. CKW Financial Group acquired a new stake in shares of Piper Sandler Companies during the second quarter worth approximately $27,000. FMR LLC raised its holdings in Piper Sandler Companies by 218.5% in the second quarter. FMR LLC now owns 207 shares of the company’s stock valued at $27,000 after acquiring an additional 142 shares in the last quarter. Captrust Financial Advisors boosted its stake in Piper Sandler Companies by 766.3% during the 1st quarter. Captrust Financial Advisors now owns 1,386 shares of the company’s stock valued at $152,000 after acquiring an additional 1,226 shares during the last quarter. Commerce Bank acquired a new stake in shares of Piper Sandler Companies in the 2nd quarter valued at about $204,000. Finally, MML Investors Services LLC acquired a new stake in shares of Piper Sandler Companies in the 2nd quarter valued at about $205,000. Institutional investors own 64.32% of the company’s stock.

About Piper Sandler Companies

Piper Sandler Cos. engages in the provision of investment banking and institutional securities services. It offers financial advisory services, equity and debt capital markets products, public finance services, equity research and institutional brokerage, fixed income services, and private equity strategies.

Recommended Story: What is the significance of a dead cat bounce?

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.