Empirical Financial Services LLC d.b.a. Empirical Wealth Management Increases Stock Holdings in Piper Sandler Companies (NYSE:PIPR)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in Piper Sandler Companies (NYSE:PIPR) by 12.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,566 shares of the financial services provider’s stock after acquiring an additional 274 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Piper Sandler Companies were worth $770,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. USA Financial Formulas purchased a new position in shares of Piper Sandler Companies in the 3rd quarter worth about $77,000. GAMMA Investing LLC raised its position in shares of Piper Sandler Companies by 27.6% in the 4th quarter. GAMMA Investing LLC now owns 277 shares of the financial services provider’s stock worth $83,000 after purchasing an additional 60 shares during the last quarter. CWM LLC raised its position in shares of Piper Sandler Companies by 22.5% in the 3rd quarter. CWM LLC now owns 310 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 57 shares during the last quarter. KBC Group NV increased its holdings in Piper Sandler Companies by 20.9% in the 3rd quarter. KBC Group NV now owns 550 shares of the financial services provider’s stock worth $156,000 after buying an additional 95 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in Piper Sandler Companies by 486.6% in the 3rd quarter. Blue Trust Inc. now owns 657 shares of the financial services provider’s stock worth $186,000 after buying an additional 545 shares in the last quarter. Hedge funds and other institutional investors own 72.79% of the company’s stock.

Analyst Ratings Changes

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

Piper Sandler Companies Stock Up 2.7 %

Piper Sandler Companies stock opened at $310.29 on Wednesday. The business has a 50-day simple moving average of $300.35 and a two-hundred day simple moving average of $312.42. The company has a market cap of $5.52 billion, a P/E ratio of 33.15 and a beta of 1.46. Piper Sandler Companies has a 52-week low of $171.70 and a 52-week high of $351.80.

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.