Piper Sandler Companies (NYSE:PIPR) Sets New 12-Month High – Should You Buy?

Shares of Piper Sandler Companies (NYSE:PIPR) reached a new 52-week high on Monday . The stock traded as high as $288.47 and last traded at $290.50, with a volume of 818 shares. The stock had previously closed at $288.83.

Analysts Set New Price Targets

PIPR has been the subject of several recent analyst reports. The Goldman Sachs Group boosted their price target on Piper Sandler Companies from $298.00 to $330.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. StockNews.com cut Piper Sandler Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, JMP Securities restated a “market perform” rating on shares of Piper Sandler Companies in a research note on Monday, February 3rd.

Piper Sandler Companies Trading Down 0.1 %

The firm has a 50 day simple moving average of $308.16. The firm has a market cap of $5.13 billion, a PE ratio of 28.21 and a beta of 1.46.

Piper Sandler Companies (NYSE:PIPR) last posted its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.80 EPS for the quarter, beating analysts’ consensus estimates of $3.99 by $0.81. Piper Sandler Companies had a return on equity of 17.00% and a net margin of 11.87%. During the same quarter in the previous year, the firm earned $4.03 earnings per share. On average, equities research analysts anticipate that Piper Sandler Companies will post 14.14 EPS for the current year.

Piper Sandler Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, March 4th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Tuesday, March 4th. Piper Sandler Companies’s dividend payout ratio (DPR) is presently 25.44%.

Institutional Trading of Piper Sandler Companies

A number of hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC increased its position in Piper Sandler Companies by 5.2% during the fourth quarter. Quadrant Capital Group LLC now owns 754 shares of the financial services provider’s stock valued at $226,000 after acquiring an additional 37 shares during the last quarter. Arizona State Retirement System increased its position in Piper Sandler Companies by 0.8% during the fourth quarter. Arizona State Retirement System now owns 5,137 shares of the financial services provider’s stock valued at $1,541,000 after acquiring an additional 40 shares during the last quarter. Coldstream Capital Management Inc. increased its position in Piper Sandler Companies by 2.3% during the third quarter. Coldstream Capital Management Inc. now owns 1,845 shares of the financial services provider’s stock valued at $524,000 after acquiring an additional 41 shares during the last quarter. Lido Advisors LLC grew its holdings in Piper Sandler Companies by 1.2% during the fourth quarter. Lido Advisors LLC now owns 4,185 shares of the financial services provider’s stock valued at $1,255,000 after purchasing an additional 49 shares during the period. Finally, Harbor Capital Advisors Inc. grew its holdings in Piper Sandler Companies by 1.1% during the third quarter. Harbor Capital Advisors Inc. now owns 5,010 shares of the financial services provider’s stock valued at $1,422,000 after purchasing an additional 56 shares during the period. Hedge funds and other institutional investors own 72.79% of the company’s stock.

About Piper Sandler Companies

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.