Wall Street Zen Upgrades Piper Sandler Companies (NYSE:PIPR) to Buy

Piper Sandler Companies (NYSE:PIPR) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Sunday.

A number of other research analysts also recently issued reports on the company. The Goldman Sachs Group upgraded Piper Sandler Companies from a “neutral” rating to a “buy” rating and upped their price objective for the company from $368.00 to $386.00 in a research note on Monday, November 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Piper Sandler Companies in a report on Friday, January 23rd. Zacks Research lowered shares of Piper Sandler Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Wolfe Research restated an “outperform” rating and set a $398.00 price objective on shares of Piper Sandler Companies in a report on Wednesday, January 7th. Finally, Bank of America started coverage on shares of Piper Sandler Companies in a research note on Monday, January 26th. They issued an “underperform” rating and a $385.00 target price on the stock. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $389.67.

Piper Sandler Companies Price Performance

Shares of PIPR stock opened at $365.67 on Friday. The firm has a 50-day moving average of $351.20 and a 200-day moving average of $339.26. Piper Sandler Companies has a one year low of $202.91 and a one year high of $380.26. The company has a market cap of $6.47 billion, a P/E ratio of 23.13, a P/E/G ratio of 1.17 and a beta of 1.53.

Shares of Piper Sandler Companies are scheduled to split before the market opens on Tuesday, March 24th. The 4-3 split was recently announced. The newly created shares will be distributed to shareholders after the closing bell on Monday, March 23rd.

Piper Sandler Companies (NYSE:PIPR) last released its earnings results on Friday, February 6th. The company reported $6.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.72 by $2.16. The company had revenue of $635.00 million during the quarter, compared to analyst estimates of $516.52 million. Piper Sandler Companies had a return on equity of 19.91% and a net margin of 13.73%.Piper Sandler Companies’s quarterly revenue was up 27.4% on a year-over-year basis. During the same period in the prior year, the company posted $4.80 earnings per share.

Insider Activity

In other news, CFO Katherine Patricia Clune sold 1,367 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $324.69, for a total value of $443,851.23. Following the sale, the chief financial officer owned 10,425 shares of the company’s stock, valued at $3,384,893.25. The trade was a 11.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Chad R. Abraham sold 4,400 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $337.60, for a total transaction of $1,485,440.00. Following the sale, the chief executive officer owned 53,558 shares in the company, valued at $18,081,180.80. The trade was a 7.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 8,767 shares of company stock valued at $2,937,921 in the last quarter. Corporate insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Piper Sandler Companies

Several hedge funds have recently bought and sold shares of PIPR. EverSource Wealth Advisors LLC increased its holdings in Piper Sandler Companies by 89.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 74 shares of the company’s stock worth $25,000 after acquiring an additional 35 shares during the period. Legato Capital Management LLC boosted its holdings in Piper Sandler Companies by 43.4% in the 4th quarter. Legato Capital Management LLC now owns 12,483 shares of the company’s stock valued at $4,241,000 after purchasing an additional 3,781 shares during the period. Global Retirement Partners LLC grew its position in shares of Piper Sandler Companies by 4,175.0% during the 4th quarter. Global Retirement Partners LLC now owns 171 shares of the company’s stock valued at $58,000 after purchasing an additional 167 shares in the last quarter. TimesSquare Capital Management LLC increased its holdings in shares of Piper Sandler Companies by 13.3% in the fourth quarter. TimesSquare Capital Management LLC now owns 93,893 shares of the company’s stock worth $31,896,000 after purchasing an additional 11,033 shares during the period. Finally, ProShare Advisors LLC increased its holdings in shares of Piper Sandler Companies by 3.4% in the fourth quarter. ProShare Advisors LLC now owns 3,393 shares of the company’s stock worth $1,153,000 after purchasing an additional 111 shares during the period. Hedge funds and other institutional investors own 72.79% of the company’s stock.

Key Piper Sandler Companies News

Here are the key news stories impacting Piper Sandler Companies this week:

• Positive Sentiment: Earnings beat — Piper Sandler reported Q4 EPS of $6.88 versus consensus ~$4.72 and revenue of $635M (vs. ~$516.5M), with revenue up ~27% year-over-year and healthy margins/ROE. This materially better-than-expected quarter is the primary catalyst lifting the stock. PIPR Q4 beat (Zacks)
• Positive Sentiment: Dividend announced — Piper Sandler declared a quarterly dividend of $0.70/share (payable Mar 13; record/ex-dividend Mar 3), supporting shareholder income and signaling confidence in cash flow. (Annualized yield ~0.8%.)
• Positive Sentiment: Board addition — The company elected Stuart M. Essig to its board, which may be viewed positively for governance and strategic oversight. Board appointment
• Neutral Sentiment: Earnings call transcript available — Management commentary from the Q4 2025 earnings call is available for investors to parse for guidance, deal pipeline and outlook details; this will inform whether the beat is repeatable. Earnings call transcript (SA)
• Neutral Sentiment: Analyst coverage is mixed — Six brokerages give a consensus “Hold” (one Sell, three Hold, two Buy), indicating cautious sentiment despite the strong quarter; this could limit further upside until guidance or sustained results change consensus. Analyst consensus

About Piper Sandler Companies

Piper Sandler Companies (NYSE: PIPR) is an investment bank and institutional securities firm that provides a range of capital markets and advisory services to corporations, institutions, municipalities and high-net-worth individuals. The firm’s core activities include investment banking and M&A advisory, underwriting and distribution of equity and debt securities, public finance, and sector-focused advisory across industries such as healthcare, energy, financial services and technology.

In addition to traditional investment banking, Piper Sandler offers equity and fixed income research, institutional sales and trading, and market-making services.