Piper Sandler Companies (NYSE:PIPR) Stock Holdings Lowered by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC cut its position in Piper Sandler Companies (NYSE:PIPR) by 2.9% during the 4th quarter, HoldingsChannel reports. The firm owned 23,512 shares of the financial services provider’s stock after selling 690 shares during the quarter. Piper Sandler Companies makes up about 1.3% of Moody Aldrich Partners LLC’s investment portfolio, making the stock its 18th largest position. Moody Aldrich Partners LLC’s holdings in Piper Sandler Companies were worth $7,052,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cerity Partners LLC boosted its position in shares of Piper Sandler Companies by 21.3% during the third quarter. Cerity Partners LLC now owns 16,060 shares of the financial services provider’s stock worth $4,558,000 after buying an additional 2,819 shares during the period. Barclays PLC boosted its position in Piper Sandler Companies by 307.2% during the 3rd quarter. Barclays PLC now owns 32,328 shares of the financial services provider’s stock worth $9,174,000 after acquiring an additional 24,388 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Piper Sandler Companies by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 205,226 shares of the financial services provider’s stock worth $58,245,000 after purchasing an additional 2,689 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Piper Sandler Companies during the third quarter valued at about $624,000. Finally, Citigroup Inc. raised its position in shares of Piper Sandler Companies by 63.4% during the 3rd quarter. Citigroup Inc. now owns 21,496 shares of the financial services provider’s stock worth $6,101,000 after buying an additional 8,337 shares in the last quarter. 72.79% of the stock is owned by institutional investors and hedge funds.

Piper Sandler Companies Price Performance

NYSE PIPR opened at $310.29 on Wednesday. The company’s 50 day simple moving average is $300.35 and its 200 day simple moving average is $312.42. Piper Sandler Companies has a 12 month low of $171.70 and a 12 month high of $351.80. The company has a market capitalization of $5.52 billion, a P/E ratio of 33.15 and a beta of 1.46.

Wall Street Analysts Forecast Growth

PIPR has been the subject of a number of research analyst reports. StockNews.com downgraded Piper Sandler Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. The Goldman Sachs Group downgraded shares of Piper Sandler Companies from a “buy” rating to a “neutral” rating and set a $317.00 target price 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.