Piper Sandler Companies (NYSE:PIPR) Shares Sold by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC cut its stake in shares of Piper Sandler Companies (NYSE:PIPR) by 2.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 23,512 shares of the financial services provider’s stock after selling 690 shares during the period. Piper Sandler Companies accounts for about 1.3% of Moody Aldrich Partners LLC’s 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.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Coldstream Capital Management Inc. grew its stake in shares of Piper Sandler Companies by 2.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,845 shares of the financial services provider’s stock worth $524,000 after purchasing an additional 41 shares during the period. Bank of Montreal Can boosted its position in shares of Piper Sandler Companies by 2.1% in the 2nd quarter. Bank of Montreal Can now owns 2,262 shares of the financial services provider’s stock worth $524,000 after buying an additional 46 shares in the last quarter. Xponance Inc. boosted its position in shares of Piper Sandler Companies by 4.6% in the 2nd quarter. Xponance Inc. now owns 1,101 shares of the financial services provider’s stock worth $253,000 after buying an additional 48 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Piper Sandler Companies by 1.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 5,010 shares of the financial services provider’s stock worth $1,422,000 after buying an additional 56 shares in the last quarter. Finally, CWM LLC boosted 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 buying an additional 57 shares in the last quarter. 72.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on PIPR shares. StockNews.com lowered shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. The Goldman Sachs Group lowered 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 %

NYSE:PIPR opened at $310.29 on Wednesday. The firm has a market cap of $5.52 billion, a price-to-earnings ratio of 33.15 and a beta of 1.46. The company’s 50-day moving average is $300.35 and its two-hundred day moving average is $312.42. 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.