MML Investors Services LLC Has $1.14 Million Position in Piper Sandler Companies (NYSE:PIPR)

MML Investors Services LLC lifted its stake in shares of Piper Sandler Companies (NYSE:PIPR) by 113.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,813 shares of the financial services provider’s stock after buying an additional 2,023 shares during the quarter. MML Investors Services LLC’s holdings in Piper Sandler Companies were worth $1,144,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of PIPR. Norges Bank acquired a new stake in Piper Sandler Companies during the fourth quarter worth approximately $68,696,000. Invesco Ltd. increased its stake in shares of Piper Sandler Companies by 17.2% during the fourth quarter. Invesco Ltd. now owns 697,824 shares of the financial services provider’s stock worth $209,312,000 after purchasing an additional 102,426 shares during the period. Vanguard Group Inc. lifted its holdings in Piper Sandler Companies by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 2,063,590 shares of the financial services provider’s stock worth $618,974,000 after purchasing an additional 31,400 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Piper Sandler Companies in the 4th quarter valued at $8,097,000. Finally, Raymond James Financial Inc. acquired a new position in Piper Sandler Companies in the 4th quarter valued at $7,464,000. Institutional investors own 72.79% of the company’s stock.

Analysts Set New Price Targets

PIPR has been the subject of a number of research reports. The Goldman Sachs Group dropped their target price on Piper Sandler Companies from $321.00 to $286.00 and set a “neutral” rating for the company in a report on Friday, March 14th. StockNews.com cut shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, JMP Securities restated a “market perform” rating on shares of Piper Sandler Companies in a research report on Monday, February 3rd.

Piper Sandler Companies Trading Up 0.3 %

Shares of NYSE PIPR opened at $241.95 on Friday. The firm has a market capitalization of $4.30 billion, a P/E ratio of 23.67 and a beta of 1.38. Piper Sandler Companies has a 52 week low of $199.52 and a 52 week high of $351.80.

Piper Sandler Companies (NYSE:PIPR) last released its earnings results on Friday, January 31st. The financial services provider reported $4.80 EPS for the quarter, beating the consensus estimate of $3.99 by $0.81. Piper Sandler Companies had a net margin of 11.87% and a return on equity of 17.00%. During the same period last year, the company posted $4.03 EPS. As a group, equities analysts anticipate that Piper Sandler Companies will post 14.14 EPS for the current year.

Piper Sandler Companies Company 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.