Northland Securities Weighs in on PIPR FY2027 Earnings

Piper Sandler Companies (NYSE:PIPR) – Investment analysts at Northland Securities issued their FY2027 earnings estimates for shares of Piper Sandler Companies in a research note issued on Wednesday, March 4th. Northland Securities analyst M. Grondahl forecasts that the company will earn $22.50 per share for the year. Northland Securities currently has a “Outperform” rating and a $350.00 target price on the stock.

Several other brokerages also recently weighed in on PIPR. Wolfe Research restated an “outperform” rating and set a $398.00 target price on shares of Piper Sandler Companies in a research note on Wednesday, January 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Piper Sandler Companies in a report on Friday, January 23rd. Bank of America began coverage on Piper Sandler Companies in a research note on Monday, January 26th. They set an “underperform” rating and a $385.00 price target on the stock. The Goldman Sachs Group upgraded shares of 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 report on Monday, November 10th. Finally, Wall Street Zen upgraded shares of Piper Sandler Companies from a “hold” rating to a “buy” rating in a research note on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $379.75.

Piper Sandler Companies Trading Down 2.2%

Shares of PIPR stock opened at $293.65 on Monday. Piper Sandler Companies has a 12-month low of $202.91 and a 12-month high of $380.26. The business’s fifty day simple moving average is $340.75 and its 200-day simple moving average is $339.21. The company has a market cap of $5.23 billion, a PE ratio of 18.57, a PEG ratio of 1.62 and a beta of 1.54.

Piper Sandler Companies’s stock is set to split on Tuesday, March 24th. The 4-1 split was announced on Friday, February 6th. The newly created shares will be distributed to shareholders after the closing bell on Monday, March 23rd.

Piper Sandler Companies (NYSE:PIPR) last announced its earnings results on Friday, February 6th. The company reported $6.88 EPS for the quarter, topping analysts’ consensus estimates of $4.72 by $2.16. Piper Sandler Companies had a net margin of 14.77% and a return on equity of 21.85%. The business had revenue of $635.00 million during the quarter, compared to the consensus estimate of $516.52 million. During the same period in the previous year, the company posted $4.80 earnings per share. The firm’s revenue was up 27.4% on a year-over-year basis.

Institutional Trading of Piper Sandler Companies

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Piper Sandler Companies by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 2,128,150 shares of the company’s stock valued at $722,954,000 after acquiring an additional 17,964 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Piper Sandler Companies by 0.3% during the fourth quarter. Invesco Ltd. now owns 716,829 shares of the company’s stock worth $243,514,000 after purchasing an additional 2,285 shares during the last quarter. Geode Capital Management LLC lifted its position in Piper Sandler Companies by 2.5% during the second quarter. Geode Capital Management LLC now owns 400,772 shares of the company’s stock valued at $111,402,000 after purchasing an additional 9,759 shares during the period. JPMorgan Chase & Co. boosted its holdings in Piper Sandler Companies by 6.4% in the fourth quarter. JPMorgan Chase & Co. now owns 294,624 shares of the company’s stock valued at $100,087,000 after purchasing an additional 17,694 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Piper Sandler Companies by 23.9% in the third quarter. American Century Companies Inc. now owns 248,034 shares of the company’s stock valued at $86,066,000 after purchasing an additional 47,885 shares during the last quarter. 72.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Piper Sandler Companies

In related news, President Debbra L. Schoneman sold 5,240 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $350.99, for a total value of $1,839,187.60. Following the sale, the president owned 2,896 shares in the company, valued at $1,016,467.04. This represents a 64.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is owned by company insiders.

Piper Sandler Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Tuesday, March 3rd will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Tuesday, March 3rd. Piper Sandler Companies’s dividend payout ratio (DPR) is presently 17.71%.

Piper Sandler Companies Company Profile

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.