Symbols / PIPR Stock $86.79 -1.13% Piper Sandler Companies

Financial Services • Capital Markets • United States • NYQ
PIPR (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Capital Markets
CEO Mr. Chad R. Abraham
Exch · Country NYQ · United States
Market Cap 6.19B
Enterprise Value 5.21B
Income 281.33M
Sales 1.90B
FCF (ttm) —
Book/sh 20.32
Cash/sh 18.40
Employees 1,858
Insider 10d —
IPO Jan 02, 2004
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 17.07%
P/E 21.92
Forward P/E 15.28
PEG 1.26
P/S 3.26
P/B 4.27
P/C —
EV/EBITDA —
EV/Sales 2.74
Quick Ratio 1.86
Current Ratio 1.89
Debt/Eq 7.46
LT Debt/Eq —
EPS (ttm) 3.96
EPS next Y 5.68
EPS Growth 65.10%
Revenue Growth 37.60%
EPS Gr Q/Q 65.00%
Rev Gr Q/Q —
Earnings (next) 2026-05-01
Earnings (prior) 2026-02-06
ROA 12.13%
ROE 19.61%
ROIC —
Gross Margin 90.63%
Oper. Margin 29.82%
Profit Margin 14.81%
Shs Outstand 71.27M
Shs Float 68.96M
Insider Own 2.80%
Instit Own 87.32%
Short Float 4.24%
Short Ratio 3.52
Short Interest 2.52M
52W High 95.06
vs 52W High -8.70%
52W Low 58.79
vs 52W Low 47.63%
Beta 1.48
Impl. Vol. 58.04%
Rel Volume 0.39
Avg Volume 744.75K
Volume 287.74K
Target (mean) $94.88
Tgt Median $96.50
Tgt Low $87.50
Tgt High $99.00
# Analysts 4
Recom Buy
Prev Close $87.78
Price $86.79
Change -1.13%
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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$94.88
Mean price target
2. Current target
$86.79
Latest analyst target
3. DCF / Fair value
$59.40
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$86.79
Low
$87.50
High
$99.00
Mean
$94.88

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-12 main Goldman Sachs Buy → Buy $392
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
News
RSS: Latest PIPR news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-13 STERLING BRIAN R Director — 59 $0.00 $0
2026-03-13 MITCHELL ROBBIN Director — 69 $0.00 $0
2026-03-13 GALLO ANN C Director — 28 $0.00 $0
2026-03-13 SORAN PHILIP E Director — 391 $0.00 $0
2026-03-13 TAYLOR SCOTT CAREY Director — 161 $0.00 $0
2026-03-13 HOLT VICTORIA M Director — 139 $0.00 $0
2026-02-26 DILLAHUNT MICHAEL R Officer — 8,615 $0.00 $0
2026-02-26 ABRAHAM CHAD R Chief Executive Officer — 20,222 $0.00 $0
2026-02-26 GEELAN JOHN W General Counsel — 1,806 $0.00 $0
2026-02-26 BAKER JAMES PAUL Officer — 7,377 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
1,836.29
+24.44%
1,475.59
+13.52%
1,299.81
-5.37%
1,373.58
Operating Revenue
1,836.29
+24.44%
1,475.59
+13.52%
1,299.81
-5.37%
1,373.58
Selling General And Administration
1,233.57
+17.89%
1,046.41
+11.94%
934.77
-8.93%
1,026.37
Selling And Marketing Expense
47.20
+11.75%
42.24
+11.94%
37.73
-11.94%
42.85
General And Administrative Expense
1,186.37
+18.14%
1,004.17
+11.94%
897.03
-8.79%
983.52
Salaries And Wages
1,186.37
+18.14%
1,004.17
+11.94%
897.03
-8.79%
983.52
Other Gand A
—
—
—
—
Reconciled Depreciation
27.39
+1.17%
27.07
-27.56%
37.37
+20.50%
31.01
Total Unusual Items
-6.14
-137.59%
-2.59
+66.63%
-7.75
+32.26%
-11.44
Total Unusual Items Excluding Goodwill
-6.14
-137.59%
-2.59
+66.63%
-7.75
+32.26%
-11.44
Special Income Charges
-6.14
-137.59%
-2.59
+66.63%
-7.75
+32.26%
-11.44
Restructuring And Mergern Acquisition
6.14
+137.59%
2.59
-66.63%
7.75
-32.26%
11.44
Net Income
281.33
+55.33%
181.11
+111.85%
85.49
-22.75%
110.67
Pretax Income
374.55
+71.49%
218.41
+78.17%
122.59
-8.77%
134.37
Net Interest Income
32.06
+17.76%
27.23
+64.25%
16.58
+52.29%
10.88
Interest Expense
4.84
-14.79%
5.68
-44.01%
10.15
+7.03%
9.48
Interest Income
36.90
+12.14%
32.91
+23.14%
26.72
+31.22%
20.36
Gain On Sale Of Security
33.25
+521.41%
-7.89
-126.27%
30.04
+130704.35%
-0.02
Tax Provision
80.58
+32.16%
60.97
+158.21%
23.61
-28.85%
33.19
Tax Rate For Calcs
0.00
-22.93%
0.00
+44.64%
0.00
-21.86%
0.00
Tax Effect Of Unusual Items
-1.32
-83.11%
-0.72
+51.73%
-1.50
+47.07%
-2.83
Net Income Including Noncontrolling Interests
293.96
+86.72%
157.44
+59.07%
98.97
-2.18%
101.18
Net Income From Continuing Operation Net Minority Interest
281.33
+55.33%
181.11
+111.85%
85.49
-22.75%
110.67
Net Income From Continuing And Discontinued Operation
281.33
+55.33%
181.11
+111.85%
85.49
-22.75%
110.67
Net Income Continuous Operations
293.96
+86.72%
157.44
+59.07%
98.97
-2.18%
101.18
Net Income Discontinuous Operations
—
—
—
—
Minority Interests
-12.63
-153.37%
23.67
+275.60%
-13.48
-242.01%
9.49
Normalized Income
286.15
+56.39%
182.98
+99.44%
91.74
-23.09%
119.29
Net Income Common Stockholders
281.33
+55.33%
181.11
+111.85%
85.49
-22.75%
110.67
Diluted EPS
—
2.56
+106.45%
1.24
-23.93%
1.63
Basic EPS
—
2.86
+100.00%
1.43
-27.78%
1.98
Basic Average Shares
—
63.35
+5.88%
59.83
+6.98%
55.93
Diluted Average Shares
—
70.78
+2.73%
68.90
+1.53%
67.86
Diluted NI Availto Com Stockholders
281.33
+55.33%
181.11
+111.85%
85.49
-22.75%
110.67
Amortization
10.00
-2.81%
10.29
-47.08%
19.44
+26.44%
15.38
Amortization Of Intangibles Income Statement
10.00
-2.81%
10.29
-47.08%
19.44
+26.44%
15.38
Depreciation Amortization Depletion Income Statement
10.00
-2.81%
10.29
-47.08%
19.44
+26.44%
15.38
Depreciation And Amortization In Income Statement
10.00
-2.81%
10.29
-47.08%
19.44
+26.44%
15.38
Occupancy And Equipment
73.45
+10.40%
66.53
+3.38%
64.36
+0.16%
64.25
Other Non Interest Expense
138.58
+5.50%
131.36
-12.95%
150.91
+23.93%
121.77
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
2,592.65
+14.93%
2,255.94
+5.37%
2,140.98
-1.86%
2,181.56
Cash And Cash Equivalents
809.41
+67.64%
482.83
+26.03%
383.10
+4.78%
365.62
Receivables
141.48
-47.92%
271.67
+10.57%
245.71
-29.92%
350.61
Accounts Receivable
87.86
-9.59%
97.18
+250.02%
27.77
-34.89%
42.65
Other Receivables
53.61
-69.28%
174.49
-19.94%
217.94
-29.23%
307.96
Prepaid Assets
27.66
+4.45%
26.48
+18.23%
22.40
+20.00%
18.66
Net PPE
141.33
+12.15%
126.02
-3.18%
130.16
-16.54%
155.95
Gross PPE
230.65
-0.99%
232.96
+5.16%
221.53
-4.39%
231.71
Accumulated Depreciation
-89.31
+16.49%
-106.94
-17.03%
-91.38
-20.62%
-75.76
Machinery Furniture Equipment
67.87
-11.66%
76.83
+12.05%
68.56
+4.33%
65.71
Other Properties
64.00
-3.92%
66.62
-3.99%
69.39
-20.91%
87.73
Leases
98.77
+10.34%
89.52
+7.10%
83.59
+6.80%
78.27
Goodwill And Other Intangible Assets
418.86
-0.16%
419.53
+0.38%
417.96
-4.31%
436.79
Goodwill
319.26
+2.32%
312.02
+3.40%
301.76
+0.20%
301.15
Other Intangible Assets
99.60
-7.35%
107.50
-7.48%
116.20
-14.33%
135.64
Investments And Advances
757.72
+19.68%
633.14
-1.05%
639.83
+4.41%
612.78
Long Term Equity Investment
17.05
+18.67%
14.36
+20.84%
11.89
+4.95%
11.32
Total Liabilities Net Minority Interest
1,009.85
+20.20%
840.16
-0.16%
841.51
-9.27%
927.53
Payables And Accrued Expenses
22.36
+281.41%
5.86
+498.77%
0.98
-78.82%
4.62
Payables
22.36
+281.41%
5.86
+498.77%
0.98
-78.82%
4.62
Accounts Payable
22.36
+281.41%
5.86
+498.77%
0.98
-78.82%
4.62
Employee Benefits
702.85
+24.82%
563.09
+15.83%
486.14
-14.07%
565.74
Current Debt And Capital Lease Obligation
15.00
+50.00%
10.00
-66.67%
30.00
0.00
Current Debt
15.00
+50.00%
10.00
-66.67%
30.00
0.00
Other Current Borrowings
—
—
—
0.00
Long Term Debt And Capital Lease Obligation
101.35
+14.11%
88.82
-5.24%
93.73
-60.08%
234.77
Long Term Debt
—
—
40.44
-67.65%
125.00
Long Term Capital Lease Obligation
101.35
+14.11%
88.82
-5.24%
93.73
-14.62%
109.77
Stockholders Equity
1,371.01
+11.66%
1,227.83
+13.11%
1,085.50
+2.98%
1,054.07
Common Stock Equity
1,371.01
+11.66%
1,227.83
+13.11%
1,085.50
+2.98%
1,054.07
Capital Stock
0.20
+0.00%
0.20
+0.00%
0.20
+0.00%
0.20
Common Stock
0.20
+0.00%
0.20
+0.00%
0.20
+0.00%
0.20
Share Issued
78.25
+0.03%
78.23
+0.02%
78.21
+0.04%
78.18
Ordinary Shares Number
67.48
+4.71%
64.45
+6.00%
60.80
+11.17%
54.69
Treasury Shares Number
10.77
-21.89%
13.78
-20.83%
17.41
-25.86%
23.49
Additional Paid In Capital
957.73
-2.44%
981.72
-0.65%
988.14
-5.42%
1,044.72
Retained Earnings
728.93
+29.76%
561.75
+23.64%
454.36
+0.23%
453.31
Gains Losses Not Affecting Retained Earnings
2.73
+331.81%
-1.18
-31.88%
-0.89
+64.23%
-2.50
Treasury Stock
318.58
+1.25%
314.66
-11.69%
356.30
-19.33%
441.65
Minority Interest
211.79
+12.69%
187.94
-12.17%
213.97
+7.01%
199.96
Other Equity Adjustments
2.73
+331.81%
-1.18
-31.88%
-0.89
+64.23%
-2.50
Total Equity Gross Minority Interest
1,582.79
+11.80%
1,415.77
+8.95%
1,299.47
+3.62%
1,254.03
Total Capitalization
—
—
1,125.93
-4.51%
1,179.07
Invested Capital
1,386.01
+11.97%
1,237.83
+10.97%
1,115.50
-5.39%
1,179.07
Total Debt
116.35
+17.74%
98.82
-20.13%
123.73
-47.30%
234.77
Capital Lease Obligations
101.35
+14.11%
88.82
-5.24%
93.73
-14.62%
109.77
Net Tangible Assets
952.15
+17.80%
808.30
+21.09%
667.54
+8.14%
617.28
Tangible Book Value
952.15
+17.80%
808.30
+21.09%
667.54
+8.14%
617.28
Available For Sale Securities
740.68
+19.70%
618.78
-1.46%
627.94
+4.40%
601.46
Cash Cash Equivalents And Federal Funds Sold
809.41
+67.64%
482.83
+26.03%
383.10
+4.78%
365.62
Derivative Product Liabilities
1.81
-23.88%
2.38
-43.19%
4.19
-18.70%
5.15
Line Of Credit
15.00
+50.00%
10.00
-66.67%
30.00
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
586.63
+87.27%
313.25
+13.65%
275.63
+222.55%
-224.91
Cash Flow From Continuing Operating Activities
586.63
+87.27%
313.25
+13.65%
275.63
+222.55%
-224.91
Net Income From Continuing Operations
293.96
+86.72%
157.44
+59.07%
98.97
-2.18%
101.18
Depreciation Amortization Depletion
27.39
+1.17%
27.07
-27.56%
37.37
+20.50%
31.01
Depreciation
17.39
+3.60%
16.78
-6.41%
17.93
+14.66%
15.64
Amortization Cash Flow
10.00
-2.81%
10.29
-47.08%
19.44
+26.44%
15.38
Depreciation And Amortization
27.39
+1.17%
27.07
-27.56%
37.37
+20.50%
31.01
Amortization Of Intangibles
10.00
-2.81%
10.29
-47.08%
19.44
+26.44%
15.38
Other Non Cash Items
25.35
+52.40%
16.64
+53.80%
10.82
+16.03%
9.32
Stock Based Compensation
123.91
+19.88%
103.36
+10.23%
93.77
-28.53%
131.20
Deferred Tax
5.46
-69.03%
17.62
+54.24%
11.43
+134.83%
-32.80
Deferred Income Tax
5.46
-69.03%
17.62
+54.24%
11.43
+134.83%
-32.80
Change In Working Capital
110.55
+1345.21%
-8.88
-138.15%
23.27
+105.01%
-464.82
Change In Receivables
120.88
+222.23%
37.51
-57.59%
88.46
+303.86%
-43.39
Changes In Account Receivables
—
—
—
-43.39
Change In Payables And Accrued Expense
16.50
+237.83%
4.88
+234.04%
-3.64
+57.76%
-8.62
Change In Payable
16.50
+237.83%
4.88
+234.04%
-3.64
+57.76%
-8.62
Change In Account Payable
—
—
—
-8.62
Change In Other Working Capital
-38.20
-501.21%
9.52
+110.19%
-93.44
+75.97%
-388.91
Change In Other Current Assets
-22.09
+66.62%
-66.17
-330.11%
28.76
+651.30%
-5.22
Change In Other Current Liabilities
33.47
+522.49%
5.38
+70.83%
3.15
+116.85%
-18.68
Investing Cash Flow
-43.65
-37.42%
-31.77
-216.05%
-10.05
+92.09%
-127.10
Cash Flow From Continuing Investing Activities
-43.65
-37.42%
-31.77
-216.05%
-10.05
+92.09%
-127.10
Net PPE Purchase And Sale
-34.66
-123.67%
-15.50
-54.19%
-10.05
+67.15%
-30.60
Purchase Of PPE
-34.66
-123.67%
-15.50
-54.19%
-10.05
+67.15%
-30.60
Capital Expenditure
-34.66
-123.67%
-15.50
-54.19%
-10.05
+67.15%
-30.60
Net Business Purchase And Sale
-8.99
+44.74%
-16.27
0.00
+100.00%
-96.50
Purchase Of Business
-8.99
+44.74%
-16.27
0.00
+100.00%
-96.50
Gain Loss On Sale Of Business
—
—
—
—
Financing Cash Flow
-218.73
-21.11%
-180.61
+27.64%
-249.59
+0.19%
-250.06
Cash Flow From Continuing Financing Activities
-218.73
-21.11%
-180.61
+27.64%
-249.59
+0.19%
-250.06
Net Issuance Payments Of Debt
5.00
+113.39%
-37.34
+60.69%
-95.00
0.00
Issuance Of Debt
—
—
—
—
Repayment Of Debt
0.00
0.00
+100.00%
-125.00
0.00
Long Term Debt Issuance
—
—
—
—
Long Term Debt Payments
0.00
0.00
+100.00%
-125.00
0.00
Net Long Term Debt Issuance
0.00
0.00
+100.00%
-125.00
0.00
Short Term Debt Payments
—
—
—
0.00
Net Short Term Debt Issuance
5.00
+113.39%
-37.34
-224.47%
30.00
0.00
Net Common Stock Issuance
-125.04
-88.24%
-66.43
+6.02%
-70.68
+62.27%
-187.33
Common Stock Payments
-125.04
-88.24%
-66.43
+6.02%
-70.68
+62.27%
-187.33
Common Stock Dividend Paid
-114.15
-54.82%
-73.73
+12.69%
-84.44
+21.47%
-107.53
Cash Dividends Paid
-114.15
-54.82%
-73.73
+12.69%
-84.44
+21.47%
-107.53
Repurchase Of Capital Stock
-125.04
-88.24%
-66.43
+6.02%
-70.68
+62.27%
-187.33
Proceeds From Stock Option Exercised
4.25
+436.24%
0.79
0.00
0.00
Net Other Financing Charges
11.21
+386.82%
-3.91
-826.39%
0.54
-98.80%
44.80
Changes In Cash
324.24
+221.41%
100.88
+530.81%
15.99
+102.66%
-602.07
Effect Of Exchange Rate Changes
2.34
+304.81%
-1.14
-177.13%
1.48
+145.29%
-3.27
Beginning Cash Position
482.83
+26.03%
383.10
+4.78%
365.62
-62.34%
970.97
End Cash Position
809.41
+67.64%
482.83
+26.03%
383.10
+4.78%
365.62
Free Cash Flow
551.96
+85.37%
297.76
+12.12%
265.58
+203.94%
-255.51
Interest Paid Supplemental Data
4.91
-13.81%
5.69
-44.00%
10.16
+7.19%
9.48
Income Tax Paid Supplemental Data
—
10.91
-43.91%
19.45
-77.24%
85.43
Sale Of Business
—
—
—
—
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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