Mount Yale Investment Advisors LLC Decreases Stake in Piper Sandler Companies (NYSE:PIPR)

Mount Yale Investment Advisors LLC lessened its holdings in shares of Piper Sandler Companies (NYSE:PIPR) by 19.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,376 shares of the financial services provider’s stock after selling 326 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Piper Sandler Companies were worth $413,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. West Oak Capital LLC boosted its holdings in Piper Sandler Companies by 650.0% in the 4th quarter. West Oak Capital LLC now owns 1,500 shares of the financial services provider’s stock worth $45,000 after buying an additional 1,300 shares during the period. USA Financial Formulas bought a new position in shares of Piper Sandler Companies in the third quarter worth $77,000. GAMMA Investing LLC grew 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 valued at $83,000 after purchasing an additional 60 shares in the last quarter. CWM LLC grew its holdings in Piper Sandler Companies by 22.5% during the 3rd quarter. CWM LLC now owns 310 shares of the financial services provider’s stock valued at $88,000 after buying an additional 57 shares in the last quarter. Finally, KBC Group NV increased its holdings in Piper Sandler Companies by 20.9% during the 3rd quarter. KBC Group NV now owns 550 shares of the financial services provider’s stock worth $156,000 after acquiring an additional 95 shares during the period. Institutional investors own 72.79% of the company’s stock.

Analyst Ratings Changes

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

Piper Sandler Companies Trading Up 2.7 %

Shares of Piper Sandler Companies stock opened at $310.29 on Wednesday. The business’s 50-day moving average price is $300.35 and its 200-day moving average price is $312.42. The firm has a market capitalization of $5.52 billion, a PE ratio of 33.15 and a beta of 1.46. Piper Sandler Companies has a 12 month low of $171.70 and a 12 month high of $351.80.

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.