Symbols / PIPR
PIPR Chart
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, private capital advisory, equity and debt private placements, and debt and restructuring 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. 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.
Fundamentals
Scroll to Statements| Sector | Financial Services | Industry | Capital Markets | Market Cap | 5.24B |
| Enterprise Value | 4.98B | Income | 281.33M | Sales | 1.90B |
| Book/sh | 76.68 | Cash/sh | 33.14 | Dividend Yield | 90.00% |
| Payout | 17.07% | Employees | 1858 | IPO | — |
| P/E | 19.60 | Forward P/E | 13.27 | PEG | — |
| P/S | 2.76 | P/B | 4.04 | P/C | — |
| EV/EBITDA | — | EV/Sales | 2.62 | Quick Ratio | — |
| Current Ratio | — | Debt/Eq | 7.87 | LT Debt/Eq | — |
| EPS (ttm) | 15.82 | EPS next Y | 23.36 | EPS Growth | 65.30% |
| Revenue Growth | 37.60% | Earnings | 2026-05-01 | ROA | — |
| ROE | 20.42% | ROIC | — | Gross Margin | 90.63% |
| Oper. Margin | 29.70% | Profit Margin | 14.81% | Shs Outstand | 16.90M |
| Shs Float | 16.34M | Short Float | 3.92% | Short Ratio | 3.96 |
| Short Interest | — | 52W High | 380.26 | 52W Low | 202.91 |
| Beta | 1.50 | Avg Volume | 146.29K | Volume | 138.16K |
| Target Price | $422.67 | Recom | None | Prev Close | $306.18 |
| Price | $310.10 | Change | 1.28% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$422.67
Mean price target
2. Current target
$310.10
Latest analyst target
3. DCF / Fair value
$237.30
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$310.10
Low
$395.00
High
$461.00
Mean
$422.67
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2025-11-10 | up | Goldman Sachs | Neutral → Buy | $386 |
| 2025-07-10 | up | Wolfe Research | Peer Perform → Outperform | $339 |
| 2025-05-05 | reit | JMP Securities | Market Perform → Market Perform | — |
| 2025-03-14 | main | Goldman Sachs | Neutral → Neutral | $286 |
| 2025-03-14 | reit | JMP Securities | Market Perform → Market Perform | — |
| 2025-02-03 | main | Goldman Sachs | Neutral → Neutral | $330 |
| 2025-02-03 | reit | JMP Securities | Market Perform → Market Perform | — |
| 2025-01-06 | down | Goldman Sachs | Buy → Neutral | $317 |
| 2024-09-17 | reit | JMP Securities | — → Market Perform | — |
| 2024-06-11 | reit | JMP Securities | — → Market Perform | — |
| 2024-04-09 | reit | JMP Securities | — → Market Perform | — |
| 2024-01-10 | down | JMP Securities | Market Outperform → Market Perform | — |
| 2023-12-19 | down | Northland Capital Markets | Outperform → Market Perform | — |
| 2023-12-19 | main | Goldman Sachs | Buy → Buy | $193 |
| 2023-10-30 | reit | JMP Securities | Market Outperform → Market Outperform | $170 |
| 2023-10-10 | reit | JMP Securities | Market Outperform → Market Outperform | $170 |
| 2023-07-31 | reit | JMP Securities | Market Outperform → Market Outperform | $170 |
| 2023-07-10 | main | JMP Securities | Market Outperform → Market Outperform | $170 |
| 2023-05-03 | reit | JMP Securities | — → Market Outperform | $174 |
| 2023-04-10 | main | JMP Securities | — → Market Outperform | $174 |
- Evaluating Piper Sandler (PIPR) Valuation As Long Term Returns Contrast With Recent Share Price Cooling - Yahoo Finance Mon, 23 Feb 2026 16
- Why Piper Sandler tapped Jason Arnold for global healthcare deals - Stock Titan Mon, 23 Feb 2026 09
- Piper Sandler president Schoneman sells $1.84 million in PIPR stock - Investing.com Fri, 13 Feb 2026 22
- Piper Sandler: Not In Trouble From AI (NYSE:PIPR) - Seeking Alpha hu, 12 Feb 2026 08
- Piper Sandler Companies Reports Fourth Quarter and Full Year 2025 Results; Declares Special Dividend of $5.00 Per Share and Quarterly Dividend of $0.70 Per Share; Announces 4-for-1 Stock Split - Business Wire Fri, 06 Feb 2026 08
- Insider Sale: President of $PIPR Sells 81 Shares - Quiver Quantitative Fri, 13 Feb 2026 21
- Assessing Piper Sandler (PIPR) Valuation After Recent Share Price Pullback - Sahm Sun, 15 Feb 2026 08
- Why Are Piper Sandler (PIPR) Shares Soaring Today - Finviz Fri, 06 Feb 2026 08
- Why Piper Sandler (PIPR) Stock Is Trading Up Today - Yahoo Finance hu, 15 Jan 2026 08
- Integra CEO during rise to $1.6B joins Piper Sandler board - Stock Titan Wed, 04 Feb 2026 08
- $PIPR ($PIPR) Releases Q4 2025 Earnings - Quiver Quantitative Fri, 06 Feb 2026 12
- Energy dealmaker behind $125B in deals heads to Piper Sandler - Stock Titan hu, 29 Jan 2026 08
- A Look At Piper Sandler (PIPR) Valuation After Strong Results Special Dividend And Stock Split - Yahoo Finance Sat, 07 Feb 2026 08
- Piper Sandler Companies (PIPR) Q4 Earnings and Revenues Beat Estimates - Yahoo Finance Fri, 06 Feb 2026 08
- A Look At Piper Sandler (PIPR) Valuation After Recent Share Price Momentum - Yahoo Finance hu, 22 Jan 2026 08
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 1524 | — | — | Stock Award(Grant) at price 0.00 per share. | SCHONEMAN DEBBRA L.EE | President | — | 2026-02-17 00:00:00 | D |
| 1 | 4985 | — | — | Stock Award(Grant) at price 0.00 per share. | ABRAHAM CHAD R | Chief Executive Officer | — | 2026-02-17 00:00:00 | D |
| 2 | 505 | — | — | Stock Award(Grant) at price 0.00 per share. | GEELAN JOHN W | General Counsel | — | 2026-02-17 00:00:00 | D |
| 3 | 2364 | — | — | Stock Award(Grant) at price 0.00 per share. | BAKER JAMES PAUL | Officer | — | 2026-02-17 00:00:00 | D |
| 4 | 1758 | — | — | Stock Award(Grant) at price 0.00 per share. | DOYLE JONATHAN J | Officer and Director | — | 2026-02-17 00:00:00 | D |
| 5 | 2364 | — | — | Stock Award(Grant) at price 0.00 per share. | DILLAHUNT MICHAEL R | Officer | — | 2026-02-17 00:00:00 | D |
| 6 | 1467 | — | — | Stock Award(Grant) at price 0.00 per share. | CLUNE KATHERINE PATRICIA | Chief Financial Officer | — | 2026-02-17 00:00:00 | D |
| 7 | 5240 | 1839213 | — | Sale at price 350.03 - 351.01 per share. | SCHONEMAN DEBBRA L.EE | President | — | 2026-02-11 00:00:00 | D |
| 8 | 5240 | 518760 | — | Conversion of Exercise of derivative security at price 99.00 per share. | SCHONEMAN DEBBRA L.EE | President | — | 2026-02-11 00:00:00 | D |
| 9 | 175 | — | — | Stock Award(Grant) at price 0.00 per share. | ESSIG STUART M | Director | — | 2026-02-04 00:00:00 | D |
Financials
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | -721.49K | -1.50M | -2.83M | -1.19M |
| TaxRateForCalcs | 0.28 | 0.19 | 0.25 | 0.25 |
| TotalUnusualItems | -2.59M | -7.75M | -11.44M | -4.72M |
| TotalUnusualItemsExcludingGoodwill | -2.59M | -7.75M | -11.44M | -4.72M |
| NetIncomeFromContinuingOperationNetMinorityInterest | 181.11M | 85.49M | 110.67M | 278.51M |
| ReconciledDepreciation | 27.07M | 37.37M | 31.01M | 42.71M |
| NetInterestIncome | 27.23M | 16.58M | 10.88M | -3.77M |
| InterestExpense | 5.68M | 10.15M | 9.48M | 10.73M |
| InterestIncome | 32.91M | 26.72M | 20.36M | 6.97M |
| NormalizedIncome | 182.98M | 91.74M | 119.29M | 282.05M |
| NetIncomeFromContinuingAndDiscontinuedOperation | 181.11M | 85.49M | 110.67M | 278.51M |
| DilutedAverageShares | 17.70M | 17.22M | 16.96M | 16.95M |
| BasicAverageShares | 15.84M | 14.96M | 13.98M | 14.27M |
| DilutedEPS | 10.24 | 4.96 | 6.52 | 16.43 |
| BasicEPS | 11.44 | 5.72 | 7.92 | 19.52 |
| DilutedNIAvailtoComStockholders | 181.11M | 85.49M | 110.67M | 278.51M |
| NetIncomeCommonStockholders | 181.11M | 85.49M | 110.67M | 278.51M |
| NetIncome | 181.11M | 85.49M | 110.67M | 278.51M |
| MinorityInterests | 23.67M | -13.48M | 9.49M | -51.85M |
| NetIncomeIncludingNoncontrollingInterests | 157.44M | 98.97M | 101.18M | 330.37M |
| NetIncomeDiscontinuousOperations | 0.00 | |||
| NetIncomeContinuousOperations | 157.44M | 98.97M | 101.18M | 330.37M |
| TaxProvision | 60.97M | 23.61M | 33.19M | 111.14M |
| PretaxIncome | 218.41M | 122.59M | 134.37M | 441.51M |
| SpecialIncomeCharges | -2.59M | -7.75M | -11.44M | -4.72M |
| RestructuringAndMergernAcquisition | 2.59M | 7.75M | 11.44M | 4.72M |
| GainOnSaleOfSecurity | -7.89M | 30.04M | -23.00K | 94.03M |
| DepreciationAmortizationDepletionIncomeStatement | 10.29M | 19.44M | 15.38M | 30.08M |
| DepreciationAndAmortizationInIncomeStatement | 10.29M | 19.44M | 15.38M | 30.08M |
| Amortization | 10.29M | 19.44M | 15.38M | 30.08M |
| AmortizationOfIntangiblesIncomeStatement | 10.29M | 19.44M | 15.38M | 30.08M |
| SellingGeneralAndAdministration | 1.05B | 934.77M | 1.03B | 1.33B |
| SellingAndMarketingExpense | 42.24M | 37.73M | 42.85M | 20.90M |
| GeneralAndAdministrativeExpense | 1.00B | 897.03M | 983.52M | 1.31B |
| OtherGandA | 89.95M | |||
| SalariesAndWages | 1.00B | 897.03M | 983.52M | 1.31B |
| TotalRevenue | 1.48B | 1.30B | 1.37B | 1.97B |
| OperatingRevenue | 1.48B | 1.30B | 1.37B | 1.97B |
| OccupancyAndEquipment | 66.53M | 64.36M | 64.25M | 56.95M |
| OtherNonInterestExpense | 131.36M | 150.91M | 121.77M | 112.28M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TreasurySharesNumber | 3.45M | 4.35M | 5.87M | 5.41M |
| OrdinarySharesNumber | 16.11M | 15.20M | 13.67M | 14.10M |
| ShareIssued | 19.56M | 19.55M | 19.54M | 19.51M |
| TotalDebt | 98.82M | 123.73M | 234.77M | 214.62M |
| TangibleBookValue | 808.30M | 667.54M | 617.28M | 714.92M |
| InvestedCapital | 1.24B | 1.12B | 1.18B | 1.19B |
| NetTangibleAssets | 808.30M | 667.54M | 617.28M | 714.92M |
| CapitalLeaseObligations | 88.82M | 93.73M | 109.77M | 89.62M |
| CommonStockEquity | 1.23B | 1.09B | 1.05B | 1.06B |
| TotalCapitalization | 1.13B | 1.18B | 1.19B | |
| TotalEquityGrossMinorityInterest | 1.42B | 1.30B | 1.25B | 1.23B |
| MinorityInterest | 187.94M | 213.97M | 199.96M | 164.65M |
| StockholdersEquity | 1.23B | 1.09B | 1.05B | 1.06B |
| GainsLossesNotAffectingRetainedEarnings | -1.18M | -894.00K | -2.50M | -964.00K |
| OtherEquityAdjustments | -1.18M | -894.00K | -2.50M | -964.00K |
| TreasuryStock | 314.66M | 356.30M | 441.65M | 312.57M |
| RetainedEarnings | 561.75M | 454.36M | 453.31M | 450.17M |
| AdditionalPaidInCapital | 981.72M | 988.14M | 1.04B | 925.39M |
| CapitalStock | 195.00K | 195.00K | 195.00K | 195.00K |
| CommonStock | 195.00K | 195.00K | 195.00K | 195.00K |
| TotalLiabilitiesNetMinorityInterest | 840.16M | 841.51M | 927.53M | 1.34B |
| DerivativeProductLiabilities | 2.38M | 4.19M | 5.15M | 4.22M |
| EmployeeBenefits | 563.09M | 486.14M | 565.74M | 900.08M |
| LongTermDebtAndCapitalLeaseObligation | 88.82M | 93.73M | 234.77M | 214.62M |
| LongTermCapitalLeaseObligation | 88.82M | 93.73M | 109.77M | 89.62M |
| LongTermDebt | 40.44M | 125.00M | 125.00M | |
| CurrentDebtAndCapitalLeaseObligation | 10.00M | 30.00M | 0.00 | |
| CurrentDebt | 10.00M | 30.00M | 0.00 | |
| OtherCurrentBorrowings | 0.00 | |||
| LineOfCredit | 10.00M | 30.00M | ||
| PayablesAndAccruedExpenses | 5.86M | 979.00K | 4.62M | 13.25M |
| Payables | 5.86M | 979.00K | 4.62M | 13.25M |
| AccountsPayable | 5.86M | 979.00K | 4.62M | 13.25M |
| TotalAssets | 2.26B | 2.14B | 2.18B | 2.57B |
| InvestmentsAndAdvances | 633.14M | 639.83M | 612.78M | 482.47M |
| AvailableForSaleSecurities | 618.78M | 627.94M | 601.46M | 482.47M |
| LongTermEquityInvestment | 14.36M | 11.89M | 11.32M | |
| GoodwillAndOtherIntangibleAssets | 419.53M | 417.96M | 436.79M | 347.29M |
| OtherIntangibleAssets | 107.50M | 116.20M | 135.64M | 119.78M |
| Goodwill | 312.02M | 301.76M | 301.15M | 227.51M |
| NetPPE | 126.02M | 130.16M | 155.95M | 123.10M |
| AccumulatedDepreciation | -106.94M | -91.38M | -75.76M | -76.82M |
| GrossPPE | 232.96M | 221.53M | 231.71M | 199.93M |
| Leases | 89.52M | 83.59M | 78.27M | 61.22M |
| OtherProperties | 66.62M | 69.39M | 87.73M | 71.34M |
| MachineryFurnitureEquipment | 76.83M | 68.56M | 65.71M | 67.37M |
| PrepaidAssets | 26.48M | 22.40M | 18.66M | 18.99M |
| Receivables | 271.67M | 245.71M | 350.61M | 305.53M |
| OtherReceivables | 174.49M | 217.94M | 307.96M | 254.13M |
| AccountsReceivable | 97.18M | 27.77M | 42.65M | 51.40M |
| CashAndCashEquivalents | 482.83M | 383.10M | 365.62M | 970.97M |
| CashCashEquivalentsAndFederalFundsSold | 482.83M | 383.10M | 365.62M | 970.97M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| FreeCashFlow | 297.76M | 265.58M | -255.51M | 686.51M |
| RepurchaseOfCapitalStock | -66.43M | -70.68M | -187.33M | -69.90M |
| RepaymentOfDebt | 0.00 | -125.00M | 0.00 | -70.00M |
| IssuanceOfDebt | 0.00 | |||
| CapitalExpenditure | -15.50M | -10.05M | -30.60M | -20.58M |
| InterestPaidSupplementalData | 5.69M | 10.16M | 9.48M | 10.78M |
| IncomeTaxPaidSupplementalData | 10.91M | 19.45M | 85.43M | 165.91M |
| EndCashPosition | 482.83M | 383.10M | 365.62M | 970.97M |
| BeginningCashPosition | 383.10M | 365.62M | 970.97M | 507.94M |
| EffectOfExchangeRateChanges | -1.14M | 1.48M | -3.27M | -363.00K |
| ChangesInCash | 100.88M | 15.99M | -602.07M | 463.39M |
| FinancingCashFlow | -180.61M | -249.59M | -250.06M | -223.12M |
| CashFlowFromContinuingFinancingActivities | -180.61M | -249.59M | -250.06M | -223.12M |
| NetOtherFinancingCharges | -3.91M | 538.00K | 44.80M | 16.13M |
| ProceedsFromStockOptionExercised | 792.00K | 0.00 | 0.00 | |
| CashDividendsPaid | -73.73M | -84.44M | -107.53M | -99.35M |
| CommonStockDividendPaid | -73.73M | -84.44M | -107.53M | -99.35M |
| NetCommonStockIssuance | -66.43M | -70.68M | -187.33M | -69.90M |
| CommonStockPayments | -66.43M | -70.68M | -187.33M | -69.90M |
| NetIssuancePaymentsOfDebt | -37.34M | -95.00M | 0.00 | -70.00M |
| NetShortTermDebtIssuance | -37.34M | 30.00M | 0.00 | 0.00 |
| ShortTermDebtPayments | 0.00 | 0.00 | ||
| NetLongTermDebtIssuance | 0.00 | -125.00M | 0.00 | -70.00M |
| LongTermDebtPayments | 0.00 | -125.00M | 0.00 | -70.00M |
| LongTermDebtIssuance | 0.00 | |||
| InvestingCashFlow | -31.77M | -10.05M | -127.10M | -20.58M |
| CashFlowFromContinuingInvestingActivities | -31.77M | -10.05M | -127.10M | -20.58M |
| NetBusinessPurchaseAndSale | -16.27M | 0.00 | -96.50M | 0.00 |
| SaleOfBusiness | 0.00 | |||
| PurchaseOfBusiness | -16.27M | 0.00 | -96.50M | 0.00 |
| NetPPEPurchaseAndSale | -15.50M | -10.05M | -30.60M | -20.58M |
| PurchaseOfPPE | -15.50M | -10.05M | -30.60M | -20.58M |
| OperatingCashFlow | 313.25M | 275.63M | -224.91M | 707.09M |
| CashFlowFromContinuingOperatingActivities | 313.25M | 275.63M | -224.91M | 707.09M |
| ChangeInWorkingCapital | -8.88M | 23.27M | -464.82M | 207.04M |
| ChangeInOtherWorkingCapital | 9.52M | -93.44M | -388.91M | 292.25M |
| ChangeInOtherCurrentLiabilities | 5.38M | 3.15M | -18.68M | -12.32M |
| ChangeInOtherCurrentAssets | -66.17M | 28.76M | -5.22M | -34.91M |
| ChangeInPayablesAndAccruedExpense | 4.88M | -3.64M | -8.62M | -5.34M |
| ChangeInPayable | 4.88M | -3.64M | -8.62M | -5.34M |
| ChangeInAccountPayable | -8.62M | -5.34M | ||
| ChangeInReceivables | 37.51M | 88.46M | -43.39M | -32.64M |
| ChangesInAccountReceivables | -43.39M | -32.64M | ||
| OtherNonCashItems | 16.64M | 10.82M | 9.32M | 9.51M |
| StockBasedCompensation | 103.36M | 93.77M | 131.20M | 171.45M |
| DeferredTax | 17.62M | 11.43M | -32.80M | -53.98M |
| DeferredIncomeTax | 17.62M | 11.43M | -32.80M | -53.98M |
| DepreciationAmortizationDepletion | 27.07M | 37.37M | 31.01M | 42.71M |
| DepreciationAndAmortization | 27.07M | 37.37M | 31.01M | 42.71M |
| AmortizationCashFlow | 10.29M | 19.44M | 15.38M | 30.08M |
| AmortizationOfIntangibles | 10.29M | 19.44M | 15.38M | 30.08M |
| Depreciation | 16.78M | 17.93M | 15.64M | 12.63M |
| GainLossOnSaleOfBusiness | 0.00 | |||
| NetIncomeFromContinuingOperations | 157.44M | 98.97M | 101.18M | 330.37M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for PIPR
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|