Aster Capital Management DIFC Ltd bought a new stake in Piper Sandler Companies (NYSE:PIPR - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,504 shares of the financial services provider's stock, valued at approximately $751,000.
Other large investors also recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its stake in shares of Piper Sandler Companies by 2,183.3% in the 4th quarter. IFP Advisors Inc now owns 137 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 131 shares during the last quarter. Allworth Financial LP raised its holdings in Piper Sandler Companies by 238.8% during the fourth quarter. Allworth Financial LP now owns 227 shares of the financial services provider's stock valued at $70,000 after buying an additional 160 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Piper Sandler Companies by 27.6% in the fourth quarter. GAMMA Investing LLC now owns 277 shares of the financial services provider's stock worth $83,000 after buying an additional 60 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Piper Sandler Companies by 336.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 314 shares of the financial services provider's stock worth $94,000 after buying an additional 242 shares during the last quarter. Finally, Principal Securities Inc. boosted its stake in shares of Piper Sandler Companies by 280.9% during the 4th quarter. Principal Securities Inc. now owns 339 shares of the financial services provider's stock worth $102,000 after acquiring an additional 250 shares in the last quarter. 72.79% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on PIPR shares. JMP Securities restated a "market perform" rating on shares of Piper Sandler Companies in a report on Monday, February 3rd. The Goldman Sachs Group reduced their price objective on shares of Piper Sandler Companies from $321.00 to $286.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Finally, StockNews.com downgraded shares of Piper Sandler Companies from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th.
Check Out Our Latest Analysis on PIPR
Piper Sandler Companies Price Performance
Shares of NYSE PIPR traded down $5.43 during trading hours on Friday, hitting $218.05. 122,164 shares of the company's stock were exchanged, compared to its average volume of 115,855. The company's 50-day moving average price is $245.42 and its 200-day moving average price is $278.67. Piper Sandler Companies has a 1-year low of $183.58 and a 1-year high of $351.80. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of 21.28 and a beta of 1.38.
Piper Sandler Companies (NYSE:PIPR - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.80 EPS for the quarter, topping 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 quarter last year, the firm earned $4.03 earnings per share. On average, research analysts expect that Piper Sandler Companies will post 14.14 earnings per share for the current year.
Piper Sandler Companies Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th were given a $0.65 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $2.60 annualized dividend and a yield of 1.19%. Piper Sandler Companies's dividend payout ratio is 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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