Mount Yale Investment Advisors LLC Sells 326 Shares of Piper Sandler Companies (NYSE:PIPR)

Mount Yale Investment Advisors LLC lessened its stake in Piper Sandler Companies (NYSE:PIPR) by 19.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,376 shares of the financial services provider’s stock after selling 326 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Piper Sandler Companies were worth $413,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of PIPR. KBC Group NV increased its position in shares of Piper Sandler Companies by 39.6% in the fourth quarter. KBC Group NV now owns 768 shares of the financial services provider’s stock valued at $230,000 after acquiring an additional 218 shares during the period. Blue Trust Inc. grew its stake in shares of Piper Sandler Companies by 51.3% in the fourth quarter. Blue Trust Inc. now owns 994 shares of the financial services provider’s stock worth $282,000 after purchasing an additional 337 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in Piper Sandler Companies by 12.0% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,566 shares of the financial services provider’s stock valued at $770,000 after purchasing an additional 274 shares during the period. Nisa Investment Advisors LLC raised its position in Piper Sandler Companies by 2.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,861 shares of the financial services provider’s stock valued at $1,758,000 after purchasing an additional 150 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its holdings in Piper Sandler Companies by 46.9% in the 4th quarter. Park Avenue Securities LLC now owns 3,103 shares of the financial services provider’s stock worth $931,000 after buying an additional 990 shares during the period. 72.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. The Goldman Sachs Group downgraded Piper Sandler Companies from a “buy” rating to a “neutral” rating and set a $317.00 target price for the company. in a report on Monday, January 6th. StockNews.com lowered shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th.

Piper Sandler Companies Stock Performance

Piper Sandler Companies stock opened at $310.29 on Wednesday. Piper Sandler Companies has a fifty-two week low of $171.70 and a fifty-two week high of $351.80. The stock’s 50 day simple moving average is $300.35 and its two-hundred day simple moving average is $312.42. The stock has a market cap of $5.52 billion, a price-to-earnings ratio of 33.15 and a beta of 1.46.

Piper Sandler Companies Company 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.