Piper Sandler Companies (NYSE:PIPR) Shares Break Above 50 Day Moving Average After Insider Selling

Piper Sandler Companies (NYSE:PIPR) crossed above its fifty day moving average during trading on Wednesday following insider buying activity. The stock has a fifty day moving average of $69.43 and traded as high as $70.26. Piper Sandler Companies shares last traded at $70.2040, with a volume of 1,041,133 shares trading hands.

Analyst Upgrades and Downgrades

PIPR has been the subject of a number of analyst reports. Bank of America restated an “underperform” rating and set a $69.00 price objective on shares of Piper Sandler Companies in a report on Tuesday. The Goldman Sachs Group set a $80.00 price target on shares of Piper Sandler Companies and gave the stock a “buy” rating in a research report on Thursday, October 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of Piper Sandler Companies in a report on Monday, August 17th. Finally, Zacks Research lowered shares of Piper Sandler Companies from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 13th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $84.00.

Key Piper Sandler Companies News

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

• Positive Sentiment: Recent coverage points to buyback news as a potential source of support; one analysis sees PIPR as roughly 15% below fair value. Another cautions that the shares may still trade at a premium, so the valuation outlook is mixed. Piper Sandler Could Be Below Fair Value As Buyback News Lifts Shares Piper Sandler Stock May Trade At A Premium Despite Buyback News
• Neutral Sentiment: Piper Sandler declared a quarterly dividend of $0.20 per share ($0.80 annualized), offering a modest income return.
• Negative Sentiment: President Debbra Schoneman sold 39,708 shares for about $2.68 million, reducing her direct holdings by 77.16%. The filing did not state the reason for the sale. President Sells 39,708 Shares
• Negative Sentiment: Northland Securities cut its FY2027 EPS forecast to $4.39 from $5.25 and lowered estimates for FY2026 and future quarters, pointing to weaker earnings expectations.
• Negative Sentiment: The latest reported quarter missed consensus: EPS was $0.87 versus $0.93 expected, and revenue of $456.0 million fell short of estimates and declined 4.9% year over year.

Piper Sandler Companies Trading Up 6.5%

The business has a 50 day moving average of $69.43 and a 200-day moving average of $76.81. The firm has a market capitalization of $4.96 billion, a P/E ratio of 16.52, a PEG ratio of 2.17 and a beta of 1.39.

Piper Sandler Companies (NYSE:PIPR) last released its quarterly earnings results on Friday, October 30th. The company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.06). Piper Sandler Companies had a net margin of 14.53% and a return on equity of 21.11%. The company had revenue of $456.04 million during the quarter, compared to analyst estimates of $467.39 million. During the same quarter last year, the company earned $3.82 EPS. The firm’s quarterly revenue was down 4.9% compared to the same quarter last year. On average, analysts anticipate that Piper Sandler Companies will post 4.10 EPS for the current fiscal year.

Piper Sandler Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Tuesday, November 24th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, November 24th. Piper Sandler Companies’s payout ratio is currently 18.82%.

Hedge Funds Weigh In On Piper Sandler Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC increased its holdings in Piper Sandler Companies by 296.5% during the 1st quarter. Sterling Capital Management LLC now owns 452 shares of the company’s stock worth $35,000 after purchasing an additional 338 shares in the last quarter. Parkside Financial Bank & Trust bought a new stake in shares of Piper Sandler Companies in the second quarter valued at about $37,000. Integrated Wealth Concepts LLC bought a new stake in shares of Piper Sandler Companies in the second quarter valued at about $87,000. Allworth Financial LP acquired a new position in shares of Piper Sandler Companies during the second quarter worth about $90,000. Finally, Rockefeller Capital Management L.P. boosted its position in shares of Piper Sandler Companies by 71.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 346 shares of the company’s stock worth $118,000 after buying an additional 144 shares during the period. 72.79% of the stock is owned by institutional investors and hedge funds.

Piper Sandler Companies Company Profile

Piper Sandler Companies (NYSE:PIPR) is an investment banking and institutional securities firm that provides financial services to corporations, financial institutions, public-sector entities, institutional investors and private equity firms. The company offers advisory and capital-raising services, including mergers and acquisitions, equity and debt offerings, restructuring and other strategic transactions.

Its institutional securities activities include equity research, sales and trading, fixed-income services and market-making.