Empirical Financial Services LLC d.b.a. Empirical Wealth Management Purchases 274 Shares of Piper Sandler Companies (NYSE:PIPR)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in Piper Sandler Companies (NYSE:PIPR) by 12.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,566 shares of the financial services provider’s stock after purchasing an additional 274 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Piper Sandler Companies were worth $770,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of PIPR. Bank of Montreal Can grew its position in 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 purchasing an additional 46 shares during the last quarter. Xponance Inc. grew its position in 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 purchasing an additional 48 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Piper Sandler Companies by 10.9% during the 2nd quarter. AQR Capital Management LLC now owns 2,254 shares of the financial services provider’s stock valued at $519,000 after acquiring an additional 222 shares in the last quarter. Millennium Management LLC boosted its position in shares of Piper Sandler Companies by 66.0% during the 2nd quarter. Millennium Management LLC now owns 77,804 shares of the financial services provider’s stock valued at $17,908,000 after acquiring an additional 30,942 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Piper Sandler Companies by 3.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,684 shares of the financial services provider’s stock valued at $2,229,000 after acquiring an additional 308 shares in the last quarter. 72.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PIPR has been the topic of several recent research reports. The Goldman Sachs Group lowered 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 research report on Monday, January 6th. StockNews.com lowered shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th.

Piper Sandler Companies Stock Up 2.7 %

Shares of PIPR stock opened at $310.29 on Wednesday. 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. The firm has a 50-day moving average price of $300.35 and a 200 day moving average price of $312.42.

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.