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

Mount Yale Investment Advisors LLC cut its position in Piper Sandler Companies (NYSE:PIPR) by 19.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of PIPR. USA Financial Formulas bought a new position in Piper Sandler Companies in the 3rd quarter worth approximately $77,000. GAMMA Investing LLC boosted its position in shares of Piper Sandler Companies by 27.6% during the fourth quarter. GAMMA Investing LLC now owns 277 shares of the financial services provider’s stock worth $83,000 after acquiring an additional 60 shares during the last quarter. CWM LLC grew its stake in Piper Sandler Companies by 22.5% during the third quarter. CWM LLC now owns 310 shares of the financial services provider’s stock valued at $88,000 after acquiring an additional 57 shares in 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 valued at $156,000 after acquiring an additional 95 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake 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 purchasing an additional 545 shares in the last quarter. 72.79% of the stock is currently owned by institutional investors.

Piper Sandler Companies Stock Up 2.7 %

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

Analyst Ratings Changes

PIPR has been the topic of several research reports. StockNews.com cut Piper Sandler Companies from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. The Goldman Sachs Group cut Piper Sandler Companies from a “buy” rating to a “neutral” rating and set a $317.00 price objective on the stock. in a report on Monday, January 6th.

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.