Dynamic Technology Lab Private Ltd increased its holdings in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) by 161.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,756 shares of the financial services provider's stock after acquiring an additional 3,558 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Piper Sandler Companies were worth $1,727,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the business. Arizona State Retirement System lifted its holdings in shares of Piper Sandler Companies by 0.8% in the 4th quarter. Arizona State Retirement System now owns 5,137 shares of the financial services provider's stock worth $1,541,000 after buying an additional 40 shares during the period. Coldstream Capital Management Inc. grew its holdings in Piper Sandler Companies by 2.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,845 shares of the financial services provider's stock worth $524,000 after acquiring an additional 41 shares in the last quarter. GAMMA Investing LLC increased its position in Piper Sandler Companies by 27.6% during the 4th quarter. GAMMA Investing LLC now owns 277 shares of the financial services provider's stock valued at $83,000 after purchasing an additional 60 shares during the period. MML Investors Services LLC raised its holdings in shares of Piper Sandler Companies by 4.3% in the 3rd quarter. MML Investors Services LLC now owns 1,790 shares of the financial services provider's stock valued at $508,000 after purchasing an additional 74 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Piper Sandler Companies by 30.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 375 shares of the financial services provider's stock worth $112,000 after purchasing an additional 87 shares during the period. Hedge funds and other institutional investors own 72.79% of the company's stock.
Wall Street Analysts Forecast Growth
PIPR has been the subject of a number of analyst reports. JMP Securities restated a "market perform" rating on shares of Piper Sandler Companies in a report on Monday, February 3rd. StockNews.com lowered shares of Piper Sandler Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group cut their price objective on shares of Piper Sandler Companies from $321.00 to $286.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th.
Read Our Latest Research Report on PIPR
Piper Sandler Companies Trading Down 7.1 %
Shares of PIPR traded down $17.07 during midday trading on Thursday, hitting $223.27. 78,432 shares of the company's stock traded hands, compared to its average volume of 115,405. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of 21.89 and a beta of 1.38. Piper Sandler Companies has a 1 year low of $183.58 and a 1 year high of $351.80. The firm's fifty day moving average is $246.26 and its 200-day moving average is $279.73.
Piper Sandler Companies (NYSE:PIPR - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.80 EPS for the quarter, beating analysts' consensus estimates of $3.99 by $0.81. Piper Sandler Companies had a return on equity of 17.00% and a net margin of 11.87%. During the same period in the previous year, the firm earned $4.03 earnings per share. On average, equities research analysts anticipate that Piper Sandler Companies will post 14.14 EPS for the current year.
Piper Sandler Companies Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.16%. The ex-dividend date was Tuesday, March 4th. Piper Sandler Companies's dividend payout ratio is presently 25.44%.
Piper Sandler Companies Company Profile
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Free Report)
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.
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