Dynamic Technology Lab Private Ltd Takes Position in Piper Sandler Companies (NYSE:PIPR)

Dynamic Technology Lab Private Ltd bought a new position in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,198 shares of the financial services provider's stock, valued at approximately $624,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cerity Partners LLC grew its stake in shares of Piper Sandler Companies by 21.3% in the 3rd quarter. Cerity Partners LLC now owns 16,060 shares of the financial services provider's stock worth $4,558,000 after buying an additional 2,819 shares during the last quarter. Versor Investments LP purchased a new stake in shares of Piper Sandler Companies in the 3rd quarter worth approximately $880,000. Victory Capital Management Inc. grew its stake in shares of Piper Sandler Companies by 20.6% in the 3rd quarter. Victory Capital Management Inc. now owns 15,889 shares of the financial services provider's stock worth $4,509,000 after buying an additional 2,713 shares during the last quarter. Creative Planning grew its stake in shares of Piper Sandler Companies by 34.8% in the 3rd quarter. Creative Planning now owns 9,287 shares of the financial services provider's stock worth $2,636,000 after buying an additional 2,399 shares during the last quarter. Finally, Natixis Advisors LLC grew its stake in shares of Piper Sandler Companies by 8.1% in the 3rd quarter. Natixis Advisors LLC now owns 19,838 shares of the financial services provider's stock worth $5,630,000 after buying an additional 1,487 shares during the last quarter. Hedge funds and other institutional investors own 72.79% of the company's stock.

Wall Street Analysts Forecast Growth

PIPR has been the topic of several recent research reports. JMP Securities restated a "market perform" rating on shares of Piper Sandler Companies in a research note on Tuesday, September 17th. StockNews.com downgraded Piper Sandler Companies from a "buy" rating to a "hold" rating in a research note on Monday, October 28th.

Piper Sandler Companies Trading Up 0.4 %

PIPR stock traded up $1.28 during midday trading on Friday, hitting $342.99. The company's stock had a trading volume of 46,400 shares, compared to its average volume of 107,655. The company has a market cap of $6.10 billion, a PE ratio of 36.64 and a beta of 1.39. Piper Sandler Companies has a 12 month low of $152.59 and a 12 month high of $351.80. The firm's 50-day moving average is $324.46 and its 200-day moving average is $295.22.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last released its quarterly earnings data on Friday, October 25th. The financial services provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.04. The business had revenue of $359.57 million for the quarter, compared to analysts' expectations of $365.07 million. Piper Sandler Companies had a return on equity of 16.06% and a net margin of 10.84%. Analysts expect that Piper Sandler Companies will post 11.49 earnings per share for the current year.

Piper Sandler Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 22nd will be given a $0.65 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.60 annualized dividend and a yield of 0.76%. Piper Sandler Companies's dividend payout ratio (DPR) is presently 27.78%.

Piper Sandler Companies Profile

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. It offers investment banking services and institutional sales, trading, and research services for various equity and fixed income products; advisory services, such as mergers and acquisitions, equity and debt private placements, and debt and restructuring advisory; raises capital through equity and debt financings; underwrites municipal issuances; and municipal financial advisory and loan placement services, as well as various over-the-counter derivative products.