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. The company offers investment banking and institutional sales, trading, and research services for various equity and fixed income products. It provides advisory services, such as mergers and acquisitions, equity private placements, and debt and restructuring advisory; raises capital through equity and debt financings; underwrites debt issuances; and offers municipal financial advisory and loan placement services, as well as various over-the-counter derivative products. The company also offers public finance investment banking services that focus on state and local governments, and cultural and social service non-profit entities, as well as the education, healthcare, hospitality, senior living, and transportation sectors. In addition, it provides equity and fixed income advisory and trade execution services for institutional investors, and government and non-profit entities. Further, the company is involved in the alternative asset management funds in merchant banking, energy, and senior living to invest firm capital and to manage capital from outside investors, as well as trading activities. 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.
IPO Year:
Exchange: NYSE
Website: pipersandler.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
1/10/2024 | Mkt Outperform → Mkt Perform | JMP Securities | |
12/19/2023 | Outperform → Market Perform | Northland Capital | |
7/11/2022 | $132.00 | Outperform → Peer Perform | Wolfe Research |
1/10/2022 | $183.00 → $194.00 | Market Outperform | JMP Securities |
12/2/2021 | $215.00 | Outperform | Wolfe Research |
11/1/2021 | $172.00 → $183.00 | Market Outperform | JMP Securities |
9/21/2021 | $168.00 | Buy | Goldman Sachs |
8/31/2021 | $135.00 → $161.00 | Outperform | Northland Capital Markets |
7/12/2021 | $126.00 → $138.00 | Market Outperform | JMP Securities |
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JMP Securities downgraded Piper Sandler from Mkt Outperform to Mkt Perform
Northland Capital downgraded Piper Sandler from Outperform to Market Perform
Wolfe Research downgraded Piper Sandler from Outperform to Peer Perform and set a new price target of $132.00
JMP Securities reiterated coverage of Piper Sandler with a rating of Market Outperform and set a new price target of $194.00 from $183.00 previously
Wolfe Research initiated coverage of Piper Sandler with a rating of Outperform and set a new price target of $215.00
JMP Securities reiterated coverage of Piper Sandler with a rating of Market Outperform and set a new price target of $183.00 from $172.00 previously
Goldman Sachs initiated coverage of Piper Sandler with a rating of Buy and set a new price target of $168.00
Northland Capital Markets reiterated coverage of Piper Sandler with a rating of Outperform and set a new price target of $161.00 from $135.00 previously
JMP Securities reiterated coverage of Piper Sandler with a rating of Market Outperform and set a new price target of $138.00 from $126.00 previously
Piper Sandler Companies (NYSE:PIPR), a leading investment bank, is excited to announce the hiring of David Hunker as managing director and global head of activist defense and shareholder engagement within its investment banking platform. Hunker brings 18 years of experience in investment banking and shareholder activism defense to Piper Sandler. "We are thrilled to welcome David to the firm. He has a proven track record of building shareholder activism defense practices throughout his career, and we are confident he will be a huge asset to our clients. The increasing importance of shareholder activism preparation and defense has never been greater. David has advised on some of the highest
Piper Sandler Companies (NYSE:PIPR), a leading investment bank, is pleased to announce the addition of Jeff Chen as a managing director to its chemicals investment banking team. "We are thrilled to welcome Jeff to Piper Sandler. Over the course of his career, he has become one of the most trusted advisors to the chemicals industry. Jeff's addition to our platform will help continue to drive growth in our market-leading chemicals practice," said Mike Dillahunt, global co-head of investment banking and capital markets at Piper Sandler. Prior to joining the firm, Chen spent 16 years at Lazard, Inc., where he led private market advisory within the chemicals and materials practice for a deca
Piper Sandler Companies (NYSE:PIPR), a leading investment bank, today announced that it has completed the acquisition of Aviditi Advisors. Aviditi Advisors is a premier alternative investment bank providing full lifecycle services to financial sponsors, global alternative investment managers and limited partner investors. The firm was co-founded by Ryan Schlitt and John Robertshaw, who have more than 50 years of combined experience as senior management members of leading private placement and advisory groups. Aviditi Advisors will operate as Piper Sandler's private capital advisory group. Piper Sandler was advised by Sullivan & Cromwell LLP. Willkie Farr & Gallagher LLP, Mayer Brown LLP a
Piper Sandler Companies (NYSE:PIPR), a leading investment bank, today announced that its board of directors has approved the grant of equity awards under the Piper Sandler Companies 2024 employment inducement award plan (the "Inducement Plan") in connection with the firm's pending acquisition of Aviditi Capital Advisors, LLC ("Aviditi Advisors"). Under the terms of the acquisition, Piper Sandler will grant up to $12.4 million payable in restricted shares of Piper Sandler common stock to 19 current Aviditi Advisors employees who will become Piper Sandler employees following the acquisition. The restricted stock granted will be issued immediately following the closing of the acquisition pur
Piper Sandler Companies (NYSE:PIPR) has released its most recent financial results. The complete earnings release can be found on the firm's website at pipersandler.com/earnings Join the earnings conference call on Friday, August 2, 2024 at 7:00 a.m. CT. Dial-in 888 394-8218 (in the U.S.) +1 773 305-6853 (outside the U.S.) Passcode 4728851 Access the conference call audio webcast. A playback of the call will be available at pipersandler.com/earnings approximately three hours after the event. ABOUT PIPER SANDLER Piper Sandler Companies (NYSE:PIPR) is a leading investment bank driven to he
Piper Sandler Companies (NYSE:PIPR), a leading investment bank, is pleased to announce the addition of Matt Monaco as a managing director to its fixed income trading team. Monaco's hiring marks a strategic buildout of the U.S. Small Business Administration ("SBA") 7(a) loan platform at Piper Sandler. "Matt is a well-known and highly respected member of the SBA community. We are excited to have him on board leading this effort for Piper Sandler. Matt's extensive experience and market relationships will help us better serve our financial institution client base by providing them liquidity as a purchaser of guaranteed 7(a) loans as well as offering them new issue 7(a) pooled securities," sai
New Office in Michigan Opens with Over 20 Professionals Piper Sandler Companies (NYSE:PIPR), a leading investment bank, is pleased to announce the addition of Robert Parker, Eric Van Dam and Kurt Haras as managing directors to its services & industrials investment banking team. They will join 18 additional professionals who will be based in a new Piper Sandler office located in Birmingham, Michigan. "Rob, Eric and Kurt are established senior bankers with leading practices in sectors that are highly complementary to our current industry coverage. Their focus on best in class M&A execution for the private equity community combined with their sector expertise makes them a perfect addition
Piper Sandler Companies (NYSE:PIPR), a leading investment bank, will release its second quarter 2024 financial results prior to the opening of the market on Friday, August 2, 2024. The earnings release will be available at the company's website at pipersandler.com/earnings. Chad Abraham, chairman and chief executive officer; Deb Schoneman, president; and Kate Clune, chief financial officer, will host a related conference call at 9 a.m. ET (8 a.m. CT) that same day to review the financial results. There will be a question and answer session following the review. Investors and analysts may participate in the live conference call by dialing 888 394-8218 (in the U.S.) or +1 773 305-6853 (ou
Piper Sandler Companies (NYSE:PIPR), a leading investment bank, is pleased to announce the addition of Anna Andreeva as a managing director and senior research analyst to the consumer equity research team. Andreeva will be based in the New York office with coverage responsibilities of footwear, softlines and global brands. "We are elated to welcome Anna to the Piper Sandler platform. Her experienced background in equity research brings value to our team. Anna's research coverage is a strategic focus for Piper Sandler and her addition to the team strengthens our ability to provide our clients with market-leading research," said Michael Cox, co-head of global equities at Piper Sandler. Pr
Acquisition adds premier fundraising, secondary solutions and direct investment capital capabilities to the firm's market-leading private equity M&A and capital markets franchises Piper Sandler Companies (NYSE:PIPR), a leading investment bank, today announced that it has entered into a definitive agreement to acquire Aviditi Advisors. Aviditi Advisors is a premier alternative investment bank providing full lifecycle services to financial sponsors, global alternative investment managers and limited partner investors with offices in New York City, Dallas, London and Munich. Ryan Schlitt and John Robertshaw co-founded Aviditi Advisors after previously leading or serving in senior capacitie
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Piper Sandler Companies (NYSE:PIPR), a leading investment bank, is excited to announce the hiring of David Hunker as managing director and global head of activist defense and shareholder engagement within its investment banking platform. Hunker brings 18 years of experience in investment banking and shareholder activism defense to Piper Sandler. "We are thrilled to welcome David to the firm. He has a proven track record of building shareholder activism defense practices throughout his career, and we are confident he will be a huge asset to our clients. The increasing importance of shareholder activism preparation and defense has never been greater. David has advised on some of the highest
Nicholas Osborne Becomes Chairman of Technology Investment Banking Piper Sandler Companies (NYSE:PIPR), a leading investment bank, today announced that effective immediately, Brian White has been appointed co-head of technology investment banking, joining Steven Schmidt, who shares the same title. White assumes the role from Nicholas Osborne, who will become chairman of technology investment banking and focus on clients and driving revenue and growth for the firm. "Brian is a great leader and an exceptional banker who has built a strong security and defense technology practice over the years. We are excited for him to join Steve as they continue to expand our technology business which i
Piper Sandler Companies (NYSE:PIPR), a leading investment bank, today announced that effective January 1, 2024, Kate Clune became chief financial officer (CFO) at Piper Sandler. The firm previously announced in September that Clune would be assuming the CFO role from Tim Carter, who will remain with the firm through April to assist with the transition. Clune will oversee all financial operations of Piper Sandler, including leading the investor relations team. She will report directly to Chad Abraham, chairman and chief executive officer. Clune joins the firm from Evercore Inc., where she most recently served as treasurer and head of planning and strategy. She previously spent 16 years a
Piper Sandler Companies (NYSE:PIPR), a leading investment bank has named Dustin Avey and Jeremy Gerber as co-heads of public finance. Avey and Gerber will report to Deb Schoneman, president at Piper Sandler. Frank Fairman, current head of public finance, will remain with the firm in an advisory capacity into 2024. "I would like to sincerely thank Frank for building our market-leading public finance franchise over the past three decades. Dustin and Jeremy bring incredible experience and energy to the business with a focus on continued growth of our diversified platform. I am confident in their ability to leverage strong collaboration across our governmental and specialty sectors to deliver
Robbins to lead the firm's London office Piper Sandler Companies (NYSE:PIPR), a leading investment bank, is excited to announce the hiring of Brent Robbins and Alan Brodsky as managing directors in equity sales and trading. Robbins will lead the firm's London equity office and focus on expanding research sales internationally. Brodsky will be based in New York and focus on trading with U.K. and European clients. "We believe there is a significant opportunity to gain market share in the U.K. and European markets. With Brent and Alan's combined expertise and long-term relationships, we now have a team in place to better leverage our current product offering on a larger scale with internat
Piper Sandler Companies (NYSE:PIPR), a leading investment bank, today announced that Tim Carter, chief financial officer (CFO) at Piper Sandler, will retire in the first quarter of 2024. Kate Clune has been selected to succeed him as chief financial officer. Carter will stay on through April to assist with the transition. "Tim has been a great partner as CFO over the past six years. His excellent judgment, steady hand and deep expertise have contributed to Piper Sandler's tremendous growth over that time," said Chad Abraham, chairman and chief executive officer. "Throughout his 28-year career with us, Tim has consistently demonstrated humility, authenticity and drive – traits we admire in
Monro, Inc. (NASDAQ:MNRO), a leading provider of automotive undercar repair and tire services, today announced that the Company's Board of Directors has appointed Hope B. Woodhouse to the Board, effective immediately. Ms. Woodhouse will serve on the Compensation Committee and the Audit Committee. Monro also announced that Frederick Michael ("Mike") Danziger has retired from the Board, effective February 3, 2023. "We appreciate the constructive dialogue with shareholders and are implementing changes to strengthen Monro and improve our corporate governance," said Robert E. Mellor, Chair of the Board and Chair of the Nominating and Corporate Responsibility Committee. "Refreshment remains a pr
Columbus McKinnon Corporation (NASDAQ:CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced the appointments to its Board of Directors of Gerald Colella, retired President and CEO and current Chair of MKS Instruments, Inc. and Chad Abraham, Chair and CEO of Piper Sandler. The appointments are effective November 11, 2021. Richard H. Fleming, Chair of the Columbus McKinnon Board of Directors, commented, "We couldn't be more excited about the addition of Jerry and Chad, both experienced CEOs, to our Board of Directors. Jerry's deep industrial technology experience combined with his track record of expanding MKS Instruments
MINNEAPOLIS--(BUSINESS WIRE)--Piper Sandler Companies (NYSE: PIPR), a leading investment bank, is pleased to announce the addition of Brian R. Sterling to its board of directors. After 18 years with Sandler O’Neill & Partners, L.P., Sterling joined Piper Sandler & Co. in 2020 in connection with the firms’ merger. While at Sandler O’Neill, Sterling was a principal and co-head of investment banking. Earlier in his career, he was a managing director at Merrill Lynch and worked in the corporate finance department at Wertheim Schroder & Co. Sterling began his career as an attorney with Skadden, Arps, Slate, Meagher & Flom. Sterling retired from Piper Sandler & Co. on December 31, 202
MINNEAPOLIS--(BUSINESS WIRE)--Piper Sandler Companies (NYSE: PIPR), a leading investment bank, today announced that its board of directors has approved the grant of equity awards under the Piper Jaffray Companies 2020 Employment Inducement Award Plan (the “Inducement Plan”) in connection with Piper Sandler’s acquisition of TRS Advisors, LLC (“TRS Advisors”). Under the terms of the acquisition, Piper Sandler will grant an aggregate of $3 million of restricted shares of Piper Sandler common stock to five current TRS Advisors employees who will become Piper Sandler employees following the acquisition. The restricted stock granted will be issued immediately following the closing of t
JMP Securities analyst Trevor Walsh reiterates Piper Sandler (NYSE:PIPR) with a Market Perform.
Acquisition adds premier fundraising, secondary solutions and direct investment capital capabilities to the firm's market-leading private equity M&A and capital markets franchisesPiper Sandler Companies (NYSE:PIPR), a leading investment bank, today announced that it has entered into a definitive agreement to acquire Aviditi Advisors.
Piper Sandler (NYSE:PIPR) reported quarterly earnings of $2.79 per share which beat the analyst consensus estimate of $2.19 by 27.4 percent. This is a 18.72 percent increase over earnings of $2.35 per share from the same period last year. The company reported quarterly sales of $343.056 million which beat the analyst consensus estimate of $314.961 million by 8.92 percent. This is a 15.16 percent increase over sales of $297.905 million the same period last year.
JMP Securities analyst Trevor Walsh reiterates Piper Sandler (NYSE:PIPR) with a Market Perform.
Piper Sandler Companies (NYSE:PIPR) shares are trading higher after the company reported better-than-expected fourth-quarter results. Piper Sandler reported Q4 sales of $471.85 million, beating the Wall Street Estimate of $370.12 million. Sales jumped 21% year over year. The company reported adjusted EPS of $4.03, exceeding the analyst’s view of $2.60. Advisory services revenues of $284.3 million for the quarter, representing the second strongest quarter on record, the company said. Corporate financing revenues of $30.2 million fell 18% year over year due to fewer completed deals. For the fourth quarter, non-interest expenses jumped 11% compared to the fourth quarter of 2022.
U.S. stocks traded mixed, with the Dow Jones falling over 100 points on Friday. Shares of The Clorox Company (NYSE:CLX) shares gained during Friday’s session after the company reported better-than-expected second-quarter financial results and raised FY24 adjusted EPS guidance above estimates. Clorox shares rose 4.6% to $154.77 on Friday. Here are some other big stocks recording gains in today’s session. Tyra Biosciences, Inc. (NASDAQ:TYRA) shares rose 21.8% to $15.84. Tyra Biosciences, announced a $200 million private placement financing. Meta Platforms, Inc. (NASDAQ:META) climbed 18.9% to $469.34 as the company reported upbeat fourth-quarter financial results and initiated a quarter
Piper Sandler (NYSE:PIPR) reported quarterly earnings of $4.03 per share which beat the analyst consensus estimate of $2.60 by 55 percent. This is a 21.02 percent increase over earnings of $3.33 per share from the same period last year. The company reported quarterly sales of $471.85 million which beat the analyst consensus estimate of $370.12 million by 27.49 percent. This is a 20.66 percent increase over sales of $391.05 million the same period last year.
Piper Sandler Companies (NYSE:PIPR), a leading investment bank, today announced that it has completed the acquisition of Aviditi Advisors. Aviditi Advisors is a premier alternative investment bank providing full lifecycle services to financial sponsors, global alternative investment managers and limited partner investors. The firm was co-founded by Ryan Schlitt and John Robertshaw, who have more than 50 years of combined experience as senior management members of leading private placement and advisory groups. Aviditi Advisors will operate as Piper Sandler's private capital advisory group. Piper Sandler was advised by Sullivan & Cromwell LLP. Willkie Farr & Gallagher LLP, Mayer Brown LLP a
Piper Sandler Companies (NYSE:PIPR) has released its most recent financial results. The complete earnings release can be found on the firm's website at pipersandler.com/earnings Join the earnings conference call on Friday, August 2, 2024 at 7:00 a.m. CT. Dial-in 888 394-8218 (in the U.S.) +1 773 305-6853 (outside the U.S.) Passcode 4728851 Access the conference call audio webcast. A playback of the call will be available at pipersandler.com/earnings approximately three hours after the event. ABOUT PIPER SANDLER Piper Sandler Companies (NYSE:PIPR) is a leading investment bank driven to he
Piper Sandler Companies (NYSE:PIPR), a leading investment bank, will release its second quarter 2024 financial results prior to the opening of the market on Friday, August 2, 2024. The earnings release will be available at the company's website at pipersandler.com/earnings. Chad Abraham, chairman and chief executive officer; Deb Schoneman, president; and Kate Clune, chief financial officer, will host a related conference call at 9 a.m. ET (8 a.m. CT) that same day to review the financial results. There will be a question and answer session following the review. Investors and analysts may participate in the live conference call by dialing 888 394-8218 (in the U.S.) or +1 773 305-6853 (ou
Piper Sandler Companies (NYSE:PIPR) has released its most recent financial results. The complete earnings release can be found on the firm's website at pipersandler.com/earnings Join the earnings conference call on Friday, April 26, 2024 at 8:00 a.m. CT. Dial-in 888 224-1005 (in the U.S.) +1 773 305-6853 (outside the U.S.) Passcode 9558783 Access the conference call audio webcast. A playback of the call will be available at pipersandler.com/earnings approximately three hours after the event. ABOUT PIPER SANDLER Piper Sandler Companies (NYSE:PIPR) is a leading investment bank driven to help clients Realize the Power of Partner
Piper Sandler Companies (NYSE:PIPR), a leading investment bank, will release its first quarter 2024 financial results prior to the opening of the market on Friday, April 26, 2024. The earnings release will be available at the company's website at pipersandler.com/earnings. The company will hold a conference call at 9 a.m. ET (8 a.m. CT) that same day to discuss the financial results. Chad Abraham, chairman and chief executive officer; Deb Schoneman, president; and Kate Clune, chief financial officer, will host the call. Participants can access the call by dialing 888 224-1005 (in the U.S.) or +1 773 305-6853 (outside the U.S.) and passcode number 9558783. Callers should dial in at least
Piper Sandler Companies (NYSE:PIPR) has released its most recent financial results. The complete earnings release can be found on the firm's website at pipersandler.com/earnings Join the earnings conference call on Friday, February 2, 2024 at 8:00 a.m. CT. Dial-in 888 394-8218 (in the U.S.) +1 773 305-6853 (outside the U.S.) Passcode 7250922 Access the conference call audio webcast. A playback of the call will be available at pipersandler.com/earnings approximately three hours after the event. ABOUT PIPER SANDLER Piper Sandler Companies (NYSE:PIPR) is a leading investment bank driven to help clients Realize the Power of Partn
Piper Sandler Companies (NYSE:PIPR), a leading investment bank, will release its fourth quarter and full year 2023 financial results prior to the opening of the market on Friday, February 2, 2024. The earnings release will be available at the company's website at pipersandler.com/earnings. The company will hold a conference call at 9 a.m. ET (8 a.m. CT) that same day to discuss the financial results. Chad Abraham, chairman and chief executive officer; Deb Schoneman, president; and Kate Clune, chief financial officer, will host the call. Participants can access the call by dialing 888 394-8218 (in the U.S.) or +1 773 305-6853 (outside the U.S.) and passcode number 7250922. Callers should
Piper Sandler Companies (NYSE:PIPR) has released its most recent financial results. The complete earnings release can be found on the firm's website at pipersandler.com/earnings Join the earnings conference call on Friday, October 27, 2023 at 8:00 a.m. CT. Dial-in 888 394-8218 (in the U.S.) +1 773 305-6853 (outside the U.S.) Passcode 7250805 Access the conference call audio webcast. A playback of the call will be available at pipersandler.com/earnings approximately three hours after the event. ABOUT PIPER SANDLER Piper Sandler Companies (NYSE:PIPR) is a leading investment bank driven to help clients Realize the Power of Partnership®. Securit
Piper Sandler Companies (NYSE:PIPR), a leading investment bank, will release its third quarter 2023 financial results prior to the opening of the market on Friday, October 27, 2023. The earnings release will be available at the company's website at pipersandler.com/earnings. The company will hold a conference call at 9 a.m. ET (8 a.m. CT) that same day to discuss the financial results. Chad Abraham, chairman and chief executive officer; Deb Schoneman, president; and Tim Carter, chief financial officer, will host the call. Participants can access the call by dialing 888 394-8218 (in the U.S.) or +1 773 305-6853 (outside the U.S.) and passcode number 7250805. Callers should dial in at lea
Piper Sandler Companies (NYSE:PIPR) has released its most recent financial results. The complete earnings release can be found on the firm's website at pipersandler.com/earnings Join the earnings conference call on Friday, July 28, 2023 at 8:00 a.m. CT. Dial-in 877 400-0505 (in the U.S.) +1 773 305-6853 (outside the U.S.) Passcode 5492426 Access the conference call audio webcast. A playback of the call will be available at pipersandler.com/earnings approximately three hours after the event. ABOUT PIPER SANDLER Piper Sandler Companies (NYSE:PIPR) is a leading investment bank driven to help clients Realize the Power of Partnership®. Sec