Aster Capital Management DIFC Ltd Purchases Shares of 2,504 Piper Sandler Companies (NYSE:PIPR)

Aster Capital Management DIFC Ltd acquired a new position in Piper Sandler Companies (NYSE:PIPR) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 2,504 shares of the financial services provider’s stock, valued at approximately $751,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in PIPR. The Manufacturers Life Insurance Company grew its position in Piper Sandler Companies by 3.6% in 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 buying an additional 348 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of 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 acquiring an additional 1,681 shares during the last quarter. Walleye Capital LLC raised its position in shares of Piper Sandler Companies by 43.7% during the third quarter. Walleye Capital LLC now owns 2,394 shares of the financial services provider’s stock worth $679,000 after purchasing an additional 728 shares during the period. Verition Fund Management LLC purchased a new stake in shares of Piper Sandler Companies during the third quarter valued at $1,647,000. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of Piper Sandler Companies during the third quarter valued at $729,000. 72.79% of the stock is currently owned by institutional investors.

Piper Sandler Companies Trading Down 6.3 %

Shares of PIPR stock opened at $215.64 on Friday. The stock’s fifty day simple moving average is $254.46 and its 200-day simple moving average is $284.92. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 21.10 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.

Piper Sandler Companies (NYSE:PIPR) last issued its 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 in the prior year, the business posted $4.03 EPS. On average, sell-side analysts predict 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 $0.65 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $2.60 dividend on an annualized basis and a yield of 1.21%. Piper Sandler Companies’s payout ratio is 25.44%.

Analyst Ratings Changes

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

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.