Piper Sandler Companies (NYSE:PIPR) Shares Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd grew its stake in shares of Piper Sandler Companies (NYSE:PIPR) by 161.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,756 shares of the financial services provider’s stock after buying an additional 3,558 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Piper Sandler Companies were worth $1,727,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in PIPR. Arizona State Retirement System raised its holdings in Piper Sandler Companies by 0.8% during the fourth quarter. Arizona State Retirement System now owns 5,137 shares of the financial services provider’s stock worth $1,541,000 after purchasing an additional 40 shares in the last quarter. Coldstream Capital Management Inc. increased its position in shares of 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 valued at $524,000 after purchasing an additional 41 shares during the period. GAMMA Investing LLC raised its stake in shares of Piper Sandler Companies by 27.6% in the 4th quarter. GAMMA Investing LLC now owns 277 shares of the financial services provider’s stock worth $83,000 after buying an additional 60 shares in the last quarter. MML Investors Services LLC raised its stake 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 worth $508,000 after buying an additional 74 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Piper Sandler Companies by 30.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 375 shares of the financial services provider’s stock valued at $112,000 after buying an additional 87 shares during the period. 72.79% of the stock is owned by institutional investors and hedge funds.

Piper Sandler Companies Stock Down 6.3 %

PIPR opened at $215.64 on Friday. The firm has a market cap of $3.82 billion, a PE ratio of 21.10 and a beta of 1.38. The business has a fifty day simple moving average of $254.46 and a 200-day simple moving average of $285.19. Piper Sandler Companies has a fifty-two week low of $183.58 and a fifty-two week high of $351.80.

Piper Sandler Companies (NYSE:PIPR) last released its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.80 earnings per share 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 last year, the business posted $4.03 earnings per share. On average, equities research analysts anticipate that Piper Sandler Companies will post 14.14 EPS for the current fiscal year.

Piper Sandler Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th were given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Tuesday, March 4th. Piper Sandler Companies’s dividend payout ratio (DPR) is currently 25.44%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on PIPR shares. The Goldman Sachs Group lowered their target price on Piper Sandler Companies from $321.00 to $286.00 and set a “neutral” rating on the stock in a report on Friday, March 14th. JMP Securities reaffirmed a “market perform” rating on shares of Piper Sandler Companies in a research note on Monday, February 3rd. Finally, StockNews.com lowered shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th.

About Piper Sandler Companies

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.