Piper Sandler Companies

Piper Sandler Companies

PIPR · NYSE · Financial Services / Capital Markets

66.23USD+0.14 (+0.21%)

Price History

Full chart

Market Stats

Previous Close66.09
Open66.89
Day Range65.62 – 67.96
52-Week Range68.34 – 92.80
Volume440.40K
Market Cap5.07B
P/E (TTM)16.79
Forward P/E10.11
EPS4.27
Dividend Yield1.11%
Beta1.41
50-Day Avg75.01
200-Day Avg79.91

About

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, institutional sales, and trading services for various equity and fixed income products; research services; advisory services, such as mergers and acquisitions, equity and debt financings, equity and debt private placements, debt capital markets advisory, restructuring and private capital advisory; municipal financial advisory and loan placement services; and various over-the-counter derivative products, as well as underwrites municipal issuances. The company also provides public finance investment banking services that focus on state and local governments, special districts and development infrastructure, project finance, and cultural and social service non-profit entities, as well as the education, healthcare, hospitality, senior living, housing, and transportation sectors. In addition, it offers equity and fixed income advisory and trade execution services for institutional investors, corporations, and government and non-profit entities. Further, the company has alternative asset management funds in merchant banking and healthcare to invest firm capital and to manage capital from outside investors; equity and debt capital markets products; public finance services; institutional brokerage services; fundamental equity and macro research services; alternative asset management strategies; and fixed income sales and trading solutions to banks, registered investment advisors, public entities, credit unions, asset managers, and insurance companies. The company was formerly known as Piper Jaffray Companies and changed its name to Piper Sandler Companies in January 2020. Piper Sandler Companies was founded in 1895 and is headquartered in Minneapolis, Minnesota.

Company Details

  • SectorFinancial Services
  • IndustryCapital Markets
  • CEOMr. Chad R. Abraham
  • Employees1.92K
  • Headquarters350 North 5th Street, Minneapolis, MN, United States, 55401-5711, USA
  • Websitehttps://www.pipersandler.com

Leadership

  • Mr. Chad R. AbrahamChairman & CEO · b. 1969
  • Mr. Jonathan Jay DoyleSenior Managing Principal, Head of Financial Services Group & Vice Chairman · b. 1965
  • Ms. Katherine Patricia CluneChief Financial Officer · b. 1980
  • Mr. Michael DillahuntGlobal Co-Head of Investment Banking & Capital Markets
  • Mr. James P. BakerGlobal Co-Head of Investment Banking & Capital Markets · b. 1968
  • Ms. Debbra Lynn SchonemanPresident · b. 1968
  • Mr. Shawn QuantMD and Chief Information & Operations Officer
  • Mr. Michael Jared Kantrowitz C.F.A.Chief Investment Strategist & Head of Portfolio Strategies
  • Mr. John William Geelan J.D.General Counsel & Secretary · b. 1976
  • Mr. Nick LawlerHead of Media Relations

Financials

Income Statement

Currency: USD2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue144.31M95.44M763.37M806.24M456.63M453.80M537.35M528.07M313.52M486.88M503.38M443.88M499.99M541.96M665.59M688.52M762.22M835.72M724.37M810.29M1.20B1.98B1.38B1.31B1.48B1.90B
Growth (%)--33.87%+699.87%+5.62%-43.36%-0.62%+18.41%-1.73%-40.63%+55.29%+3.39%-11.82%+12.64%+8.39%+22.81%+3.45%+10.70%+9.64%-13.32%+11.86%+47.56%+65.80%-30.23%-5.29%+13.08%+28.55%
Cost of Revenue128.18M79.22M34.31M19.51M22.42M32.49M32.30M23.69M18.66M18.09M34.79M20.72M19.09M25.04M25.07M23.40M22.52M20.27M16.55M11.73M14.45M10.73M9.48M10.15M5.68M121.76M
Gross Profit16.13M16.22M729.05M786.73M434.21M421.31M505.05M504.38M294.87M468.79M468.59M423.16M480.90M516.92M640.52M665.12M739.70M815.46M707.82M798.56M1.18B1.97B1.37B1.30B1.48B1.78B
Gross Margin11.18%17.00%95.50%97.58%95.09%92.84%93.99%95.51%94.05%96.28%93.09%95.33%96.18%95.38%96.23%96.60%97.04%97.57%97.72%98.55%98.79%99.46%99.31%99.23%99.62%93.61%
Operating Expense-23.06M90.10M723.09M744.90M385.17M385.28M471.70M473.95M518.48M412.24M414.77M503.35M411.89M441.31M530.21M578.70M770.57M736.14M635.33M679.58M1.11B1.53B1.24B1.18B1.26B1.40B
Operating Income39.19M-73.88M5.96M41.83M49.04M36.03M33.35M30.43M-223.61M56.55M53.82M-80.19M69.01M75.61M110.31M86.42M-30.87M79.32M72.49M118.98M68.55M441.51M134.37M122.59M218.41M385.53M
Operating Margin27.16%-77.42%0.78%5.19%10.74%7.94%6.21%5.76%-71.32%11.62%10.69%-18.07%13.80%13.95%16.57%12.55%-4.05%9.49%10.01%14.68%5.73%22.27%9.72%9.36%14.74%20.25%
EBITDA59.29M-53.48M30.61M64.72M70.56M55.77M47.59M41.79M-212.03M66.22M68.57M-64.58M83.69M89.32M124.85M99.14M-3.25M101.97M91.31M138.10M123.97M484.22M165.38M159.96M245.48M412.92M
EBITDA Margin41.09%-56.04%4.01%8.03%15.45%12.29%8.86%7.91%-67.63%13.60%13.62%-14.55%16.74%16.48%18.76%14.40%-0.43%12.20%12.61%17.04%10.37%24.43%11.96%12.21%16.57%21.68%
Net Income20.71M-50.05M106.00K26.00M50.35M40.08M195.43M21.94M-182.97M30.37M24.36M-102.02M41.27M45.09M63.17M52.08M-21.95M-61.94M57.04M111.71M40.50M278.51M110.67M85.49M181.11M281.33M
Net Income Margin14.35%-52.44%0.01%3.22%11.03%8.83%36.37%4.16%-58.36%6.24%4.84%-22.98%8.25%8.32%9.49%7.56%-2.88%-7.41%7.87%13.79%3.39%14.05%8.00%6.53%12.23%14.77%
R&D----------------0.040.030.10.140.050.220.090.09--
R&D as % of Total Revenue----------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense128.18M79.22M34.31M19.51M22.42M32.49M32.30M23.69M18.66M18.09M34.79M20.72M19.09M25.04M25.07M23.40M22.52M20.27M16.55M11.73M14.45M10.73M9.48M10.15M5.68M4.84M
Interest Expense % of Total Revenue88.82%83.00%4.50%2.42%4.91%7.16%6.01%4.49%5.95%3.72%6.91%4.67%3.82%4.62%3.77%3.40%2.96%2.43%2.28%1.45%1.21%0.54%0.69%0.77%0.38%0.25%

Balance Sheet

Currency: USD2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets2.74B2.73B2.05B2.38B2.83B2.35B1.85B1.72B1.32B1.70B2.03B1.66B2.09B2.32B2.62B2.14B2.13B2.02B1.35B1.63B2.00B2.57B2.18B2.14B2.26B2.59B
Total Liabilities2.37B2.36B1.44B1.71B2.10B1.60B927.41M810.60M572.20M924.71M1.22B905.12M1.30B1.44B1.65B1.31B1.31B1.28B614.85M822.19M1.07B1.34B927.53M841.51M840.16M1.01B
Total Equity362.33M378.72M609.86M669.79M725.43M754.83M924.44M912.59M747.98M778.62M813.31M718.39M733.29M734.68M819.91M783.66M759.25M693.33M730.42M731.28M829.42M1.06B1.05B1.09B1.23B1.37B
Cash-27.70M32.62M217.01M138.27M125.25M70.13M201.59M78.32M61.95M50.60M85.81M105.37M123.68M15.87M189.91M41.36M33.79M50.36M250.02M507.94M970.97M365.62M383.10M482.83M809.41M
Total Debt475.00M475.00M465.04M339.00M180.00M180.00M91.30M247.20M9.00M210.08M318.59M281.18M602.01M639.71M502.77M621.19M593.83M414.94M49.95M282.15M294.48M214.63M234.77M164.16M98.82M116.35M
Net Debt475.00M447.30M432.43M121.99M41.73M54.75M21.17M45.61M-69.32M148.13M267.99M195.37M496.64M516.03M486.90M431.28M552.47M381.14M-411.00K32.13M-213.46M-756.34M-130.85M-218.93M-384.01M-693.06M

Cash Flow

Currency: USD2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow232.80M11.60M297.33M159.03M-2.07M99.68M-72.41M135.38M62.12M-116.57M-27.25M203.20M-211.78M46.56M-50.07M379.52M48.78M232.12M509.85M67.80M779.76M707.09M-224.91M275.63M313.25M732.19M
Investing Cash Flow-42.80M-41.00M-5.80M-15.11M-30.21M-15.26M707.37M-95.56M-8.67M-3.65M-198.60M-7.70M-2.13M-29.95M-5.39M-16.15M-83.73M-7.99M-15.80M26.69M-435.00M-20.58M-127.10M-10.05M-31.77M-178.01M
Financing Cash Flow-159.20M-20.60M-286.63M-92.10M16.36M-86.29M-657.16M70.84M-153.47M113.91M232.69M-160.16M234.28M1.40M-52.02M-188.96M-111.56M-233.12M-476.77M104.66M-87.56M-223.12M-250.06M-249.59M-180.61M-229.94M
Capital Expenditure42.80M41.00M5.80M15.11M14.71M19.74M8.31M9.67M2.39M3.65M11.76M7.65M2.13M5.48M7.39M5.91M11.02M8.10M15.86M6.52M17.58M20.58M30.60M10.05M15.50M34.66M
Free Cash Flow190.00M-29.40M291.53M143.92M-16.78M79.94M-80.72M125.71M59.73M-120.22M-39.01M195.56M-213.91M41.08M-57.46M373.61M37.77M224.02M493.99M61.28M762.18M686.51M-255.51M265.58M297.76M697.53M
Dividends Paid----2.37M----------18.95M18.95M18.95M47.16M35.59M28.17M99.35M107.53M84.44M73.73M114.15M
FCF to OCF81.62%-253.45%98.05%90.50%810.72%80.19%111.48%92.86%96.15%103.13%143.16%96.24%101.01%88.24%114.75%98.44%77.42%96.51%96.89%90.39%97.75%97.09%113.61%96.35%95.05%95.27%
Dividend Paid to FCF-----14.11%----------5.07%50.17%8.46%9.55%58.08%3.70%14.47%-42.08%31.80%24.76%16.36%

Earnings

Report DateJan 28, 2004Apr 21, 2004Jul 21, 2004Oct 20, 2004Jan 26, 2005Apr 20, 2005Jul 20, 2005Oct 19, 2005Jan 25, 2006Apr 19, 2006Jul 19, 2006Oct 18, 2006Jan 24, 2007Apr 18, 2007Jul 18, 2007Oct 17, 2007Jan 23, 2008Apr 16, 2008Jul 16, 2008Oct 15, 2008Feb 2, 2009Apr 15, 2009Jul 22, 2009Oct 21, 2009Jan 27, 2010Apr 21, 2010Jul 21, 2010Oct 20, 2010Jan 26, 2011Apr 20, 2011Jul 20, 2011Oct 19, 2011Jan 25, 2012Apr 18, 2012Jul 25, 2012Oct 17, 2012Jan 30, 2013Apr 17, 2013Jul 17, 2013Oct 16, 2013Jan 29, 2014Apr 24, 2014Jul 24, 2014Oct 23, 2014Feb 5, 2015Apr 23, 2015Jul 23, 2015Oct 29, 2015Feb 4, 2016Apr 28, 2016Jul 28, 2016Oct 27, 2016Feb 2, 2017Apr 27, 2017Aug 4, 2017Oct 26, 2017Feb 1, 2018Apr 27, 2018Jul 27, 2018Oct 26, 2018Feb 1, 2019Apr 26, 2019Jul 26, 2019Oct 30, 2019Jan 31, 2020May 1, 2020Jul 31, 2020Oct 30, 2020Feb 4, 2021Apr 30, 2021Jul 30, 2021Oct 29, 2021Feb 10, 2022Apr 29, 2022Jul 29, 2022Oct 28, 2022Feb 3, 2023May 2, 2023Jul 28, 2023Oct 27, 2023Feb 1, 2024Apr 25, 2024Aug 2, 2024Oct 25, 2024Jan 31, 2025May 2, 2025Aug 1, 2025Oct 31, 2025Feb 6, 2026May 1, 2026Jul 30, 2026Oct 30, 2026
EPS Estimate-0.190.190.150.170.160.030.110.120.160.190.740.180.190.190.130.140.04-0.06-0.12-0.72-0.040.080.060.130.140.130.070.110.140.120.040.050.070.070.070.170.130.140.120.180.190.300.140.230.260.250.240.200.220.150.230.34-0.280.270.360.420.260.380.410.300.260.390.470.230.390.360.600.780.860.941.310.620.570.230.630.400.290.400.650.550.560.671.000.710.560.821.190.920.850.94
EPS Actual-0.040.180.170.150.150.100.020.200.220.230.190.130.190.210.140.070.23-0.05-0.08-0.42-9.76-0.040.150.120.160.070.090.100.240.100.14-0.060.030.080.080.180.220.150.060.140.480.310.310.260.230.280.300.120.350.180.220.340.441.770.220.530.450.350.230.470.500.390.330.410.720.370.480.601.041.031.341.141.960.780.620.220.830.590.280.441.010.700.630.641.201.020.740.961.721.001.04-
Surprise--5.26%-10.53%0.00%-11.76%-37.50%-33.33%81.82%83.33%43.75%0.00%-82.43%5.56%10.53%-26.32%-46.15%64.29%-225.00%-33.33%-250.00%-1255.56%0.00%87.50%100.00%23.08%-50.00%-30.77%42.86%118.18%-28.57%16.67%-250.00%-40.00%14.29%14.29%157.14%29.41%15.38%-57.14%16.67%166.67%63.16%3.33%85.71%0.00%7.69%20.00%-50.00%75.00%-18.18%46.67%47.83%29.41%--21.43%96.30%25.00%-16.67%-11.54%23.68%21.95%30.00%26.92%5.13%53.19%60.87%23.08%66.67%73.33%32.05%55.81%21.28%49.62%25.81%8.77%-4.35%31.75%47.50%-3.45%10.00%55.38%27.27%12.50%-4.48%20.00%43.66%32.14%17.07%44.54%8.70%22.35%-
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Key Statistics & Ratios

Market Cap5.07B
Enterprise Value4.33B
Trailing P/E16.79
Forward P/E10.11
PEG Ratio1.26
Price / Sales2.40
Price / Book3.71
EPS4.27
Book Value20.32
Revenue (TTM)2.12B
Gross Profit (TTM)1.94B
Profit Margin14.53%
Operating Margin21.61%
Return on Equity24.53%
Return on Assets16.98%
Shares Outstanding70.67M
Shares Float64.93M
Beta1.41
Dividend Yield1.11%
Dividend Rate0.80
Payout Ratio42.37%

Analyst Ratings

Hold
Based on 4 analystsTarget 87.13
  • Hold
    4

Ownership Breakdown

Institutions
88.64%
Insiders
2.62%
Retail / Other
8.74%

Top Institutional Holders

  • BlackRock Inc
    10.43M14.76%
  • Vanguard Portfolio Management, LLC
    5.13M7.26%
  • Vanguard Capital Management, LLC
    3.02M4.28%
  • State Street Corp
    2.79M3.94%
  • Amvescap Plc.
    2.61M3.69%
  • Geode Capital Management, LLC
    1.63M2.31%
  • The Goldman Sachs Group Inc
    1.47M2.08%
  • Dimensional Fund Advisors, Inc.
    1.42M2.02%
  • Stephens Inv Mgmt Group LLC
    1.15M1.63%
  • AllianceBernstein L.P.
    1.14M1.61%
  • Westwood Holdings Group Inc
    1.11M1.57%
  • Fisher Asset Management, LLC
    1.06M1.50%
  • North Reef Capital Management LP
    964.63K1.36%
  • American Century Companies Inc
    934.38K1.32%

Top Fund Holders

  • iShares Core S&P Small-Cap ETF
    4.12M5.83%
  • Vanguard MStar Total Stk Mkt Idx Invest
    2.14M3.03%
  • iShares Russell 2000 ETF
    1.82M2.57%
  • Vanguard Small Cap Index
    1.55M2.20%
  • Vanguard MStar Small Cap Value Index
    986.21K1.40%
  • Vanguard Explorer Inv
    927.23K1.31%

Dividends

20263×
0.20Aug 28, 20260.20May 29, 20261.43Mar 3, 2026
20254×
0.17Nov 25, 20250.17Aug 29, 20250.16May 30, 20250.91Mar 4, 2025
20244×
0.16Nov 22, 20240.16Aug 29, 20240.15May 23, 20240.40Mar 1, 2024
20234×
0.15Nov 20, 20230.15Aug 24, 20230.15May 25, 20230.46Mar 2, 2023
20224×
0.15Nov 22, 20220.15Aug 25, 20220.15May 26, 20221.27Mar 1, 2022
20214×
0.89Nov 22, 20210.14Aug 26, 20210.11May 27, 20210.56Mar 2, 2021
20201×
0.09Nov 23, 2020

Stock Splits

  • Mar 24, 20264:1