Piper Sandler Companies (NYSE:PIPR – Get Rating) declared a quarterly dividend on Monday, May 2nd, Wall Street Journal reports. Stockholders of record on Friday, May 27th will be given a dividend of 0.60 per share on Friday, June 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Thursday, May 26th.
Piper Sandler Companies has a dividend payout ratio of 16.1% meaning its dividend is sufficiently covered by earnings.
NYSE PIPR opened at $119.25 on Tuesday. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 7.71 and a beta of 1.40. The company has a quick ratio of 1.01, a current ratio of 1.30 and a debt-to-equity ratio of 0.10. The business has a 50-day moving average price of $127.20 and a 200-day moving average price of $153.42. Piper Sandler Companies has a twelve month low of $110.45 and a twelve month high of $193.60.
A number of hedge funds have recently modified their holdings of the business. Qtron Investments LLC purchased a new stake in shares of Piper Sandler Companies in the fourth quarter worth approximately $223,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Piper Sandler Companies in the fourth quarter worth approximately $234,000. Janus Henderson Group PLC purchased a new stake in shares of Piper Sandler Companies in the third quarter worth approximately $255,000. Jane Street Group LLC purchased a new stake in shares of Piper Sandler Companies in the third quarter worth approximately $308,000. Finally, State of Tennessee Treasury Department raised its holdings in shares of Piper Sandler Companies by 5.1% in the fourth quarter. State of Tennessee Treasury Department now owns 11,599 shares of the company’s stock worth $2,070,000 after buying an additional 562 shares during the period. Institutional investors and hedge funds own 66.34% of the company’s stock.
A number of research firms recently commented on PIPR. JMP Securities decreased their target price on Piper Sandler Companies from $194.00 to $182.00 and set a “market outperform” rating on the stock in a research report on Thursday, April 7th. Northland Securities decreased their target price on Piper Sandler Companies from $185.00 to $175.00 in a research report on Friday, February 11th. StockNews.com began coverage on Piper Sandler Companies in a research report on Thursday, March 31st. They issued a “buy” rating on the stock. Finally, Zacks Investment Research downgraded Piper Sandler Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, April 13th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $181.20.
Piper Sandler Companies Company Profile (Get Rating)
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. The company offers investment banking and institutional sales, trading, and research services for various equity and fixed income products.
- Get a free copy of the StockNews.com research report on Piper Sandler Companies (PIPR)
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