Dynamic Technology Lab Private Ltd Has $1.73 Million Stock Position in Piper Sandler Companies (NYSE:PIPR)

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

Several other institutional investors and hedge funds also recently bought and sold shares of the business. The Manufacturers Life Insurance Company boosted its holdings in shares of Piper Sandler Companies by 3.6% during the third quarter. The Manufacturers Life Insurance Company now owns 10,032 shares of the financial services provider’s stock worth $2,847,000 after purchasing an additional 348 shares during the period. BNP Paribas Financial Markets lifted its position in Piper Sandler Companies by 22.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,213 shares of the financial services provider’s stock worth $2,615,000 after buying an additional 1,681 shares in the last quarter. Walleye Capital LLC boosted its stake in shares of Piper Sandler Companies by 43.7% during the 3rd quarter. Walleye Capital LLC now owns 2,394 shares of the financial services provider’s stock valued at $679,000 after buying an additional 728 shares during the period. Verition Fund Management LLC purchased a new position in shares of Piper Sandler Companies during the 3rd quarter valued at $1,647,000. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Piper Sandler Companies during the 3rd quarter valued at $729,000. Hedge funds and other institutional investors own 72.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on PIPR shares. The Goldman Sachs Group reduced their price objective on Piper Sandler Companies from $321.00 to $286.00 and set a “neutral” rating for the company in a research 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 cut Piper Sandler Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th.

Piper Sandler Companies Stock Down 6.3 %

Shares of PIPR opened at $215.64 on Friday. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 21.10 and a beta of 1.38. The company’s fifty day moving average is $254.46 and its 200-day moving average is $285.19. Piper Sandler Companies has a 12 month low of $183.58 and a 12 month high of $351.80.

Piper Sandler Companies (NYSE:PIPR) last posted its earnings results on Friday, January 31st. The financial services provider reported $4.80 EPS for the quarter, topping the consensus estimate of $3.99 by $0.81. Piper Sandler Companies had a net margin of 11.87% and a return on equity of 17.00%. During the same quarter in the prior year, the business earned $4.03 EPS. As a group, research analysts predict that Piper Sandler Companies will post 14.14 earnings per share for the current fiscal year.

Piper Sandler Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, March 4th were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Tuesday, March 4th. Piper Sandler Companies’s payout ratio is 25.44%.

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.