Voya Investment Management LLC Acquires 1,908 Shares of Piper Sandler Companies (NYSE:PIPR)

Voya Investment Management LLC lifted its stake in shares of Piper Sandler Companies (NYSE:PIPR - Free Report) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 126,266 shares of the financial services provider's stock after purchasing an additional 1,908 shares during the quarter. Voya Investment Management LLC owned 0.71% of Piper Sandler Companies worth $37,873,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Barclays PLC grew its holdings in shares of Piper Sandler Companies by 307.2% during the 3rd quarter. Barclays PLC now owns 32,328 shares of the financial services provider's stock worth $9,174,000 after purchasing an additional 24,388 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in 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 valued at $94,000 after buying an additional 242 shares in the last quarter. Tidal Investments LLC boosted its stake in Piper Sandler Companies by 75.7% in the third quarter. Tidal Investments LLC now owns 6,104 shares of the financial services provider's stock valued at $1,732,000 after buying an additional 2,629 shares in the last quarter. IFP Advisors Inc boosted its stake in Piper Sandler Companies by 2,183.3% in the fourth quarter. IFP Advisors Inc now owns 137 shares of the financial services provider's stock valued at $43,000 after buying an additional 131 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its stake in Piper Sandler Companies by 46.9% in the fourth quarter. Park Avenue Securities LLC now owns 3,103 shares of the financial services provider's stock valued at $931,000 after buying an additional 990 shares in the last quarter. 72.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PIPR. The Goldman Sachs Group reduced their price objective on Piper Sandler Companies from $321.00 to $286.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. StockNews.com lowered Piper Sandler Companies from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Finally, JMP Securities reissued a "market perform" rating on shares of Piper Sandler Companies in a research note on Monday, February 3rd.

Piper Sandler Companies Price Performance

Shares of PIPR stock traded up $3.31 on Thursday, hitting $244.43. The stock had a trading volume of 33,940 shares, compared to its average volume of 118,290. The company has a market cap of $4.34 billion, a P/E ratio of 23.97 and a beta of 1.38. Piper Sandler Companies has a 12-month low of $195.29 and a 12-month high of $351.80.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm earned $4.03 earnings per share. As a group, research analysts expect that Piper Sandler Companies will post 14.14 earnings per share 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 issued a dividend of $0.65 per share. The ex-dividend date was Tuesday, March 4th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.06%. Piper Sandler Companies's dividend payout ratio is currently 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.