Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $770,000 Position in Piper Sandler Companies (NYSE:PIPR)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in Piper Sandler Companies (NYSE:PIPR) by 12.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,566 shares of the financial services provider’s stock after purchasing an additional 274 shares during the quarter. 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.

Several other hedge funds have also bought and sold shares of PIPR. FMR LLC raised its stake in Piper Sandler Companies by 49.0% in the 3rd quarter. FMR LLC now owns 625,048 shares of the financial services provider’s stock valued at $177,395,000 after acquiring an additional 205,584 shares during the period. Fred Alger Management LLC bought a new stake in shares of Piper Sandler Companies during the third quarter valued at about $14,645,000. Millennium Management LLC increased its position in shares of Piper Sandler Companies by 66.0% during the second quarter. Millennium Management LLC now owns 77,804 shares of the financial services provider’s stock valued at $17,908,000 after buying an additional 30,942 shares during the period. Barclays PLC increased its position in shares of Piper Sandler Companies by 307.2% during the third quarter. Barclays PLC now owns 32,328 shares of the financial services provider’s stock valued at $9,174,000 after buying an additional 24,388 shares during the period. Finally, Philadelphia Financial Management of San Francisco LLC bought a new stake in shares of Piper Sandler Companies during the third quarter valued at about $6,106,000. Institutional investors and hedge funds own 72.79% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PIPR. 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 lowered 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.

Piper Sandler Companies Price Performance

Shares of PIPR opened at $310.29 on Wednesday. The firm has a market cap of $5.52 billion, a P/E ratio of 33.15 and a beta of 1.46. The stock has a 50 day simple moving average of $300.35 and a two-hundred day simple moving average of $312.42. Piper Sandler Companies has a 1 year low of $171.70 and a 1 year 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.