Piper Sandler Companies (NYSE:PIPR) Receives Consensus Rating of “Hold” from Analysts

Shares of Piper Sandler Companies (NYSE:PIPR) have earned an average recommendation of “Hold” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $389.6667.

Several brokerages recently issued reports on PIPR. The Goldman Sachs Group raised Piper Sandler Companies from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $368.00 to $386.00 in a research note on Monday, November 10th. Zacks Research downgraded shares of Piper Sandler Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Wolfe Research reaffirmed an “outperform” rating and set a $398.00 target price on shares of Piper Sandler Companies in a research report on Wednesday, January 7th. Wall Street Zen lowered Piper Sandler Companies from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Piper Sandler Companies in a research note on Friday, January 23rd.

Insider Activity

In other Piper Sandler Companies news, CFO Katherine Patricia Clune sold 1,367 shares of the business’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $324.69, for a total value of $443,851.23. Following the completion of the transaction, the chief financial officer directly owned 10,425 shares of the company’s stock, valued at approximately $3,384,893.25. The trade was a 11.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Chad R. Abraham sold 3,000 shares of the stock in a transaction on Friday, November 28th. The shares were sold at an average price of $336.21, for a total value of $1,008,630.00. Following the completion of the transaction, the chief executive officer owned 53,558 shares in the company, valued at $18,006,735.18. The trade was a 5.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 8,767 shares of company stock valued at $2,937,921 in the last 90 days. Corporate insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Piper Sandler Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in PIPR. CENTRAL TRUST Co acquired a new stake in shares of Piper Sandler Companies during the second quarter worth about $28,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Piper Sandler Companies in the 2nd quarter valued at about $31,000. Whittier Trust Co. acquired a new stake in Piper Sandler Companies during the 3rd quarter valued at $31,000. Danske Bank A S acquired a new position in Piper Sandler Companies in the 3rd quarter valued at about $35,000. Finally, Salomon & Ludwin LLC acquired a new stake in Piper Sandler Companies during the 3rd quarter worth approximately $41,000. 72.79% of the stock is owned by institutional investors.

Piper Sandler Companies Trading Up 2.7%

NYSE PIPR opened at $344.47 on Thursday. Piper Sandler Companies has a 1 year low of $202.91 and a 1 year high of $380.26. The company has a market cap of $6.09 billion, a PE ratio of 25.96, a PEG ratio of 1.08 and a beta of 1.53. The stock’s 50-day moving average price is $350.52 and its two-hundred day moving average price is $338.45.

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.