Piper Sandler Companies (NYSE:PIPR) Announces Quarterly Earnings Results

Piper Sandler Companies (NYSE:PIPR) announced its earnings results on Friday. The company reported $6.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.72 by $2.16, FiscalAI reports. Piper Sandler Companies had a return on equity of 19.91% and a net margin of 13.73%.The company had revenue of $635.00 million for the quarter, compared to analyst estimates of $516.52 million. During the same period in the prior year, the company posted $4.80 EPS. Piper Sandler Companies’s quarterly revenue was up 27.4% on a year-over-year basis.

Here are the key takeaways from Piper Sandler Companies’ conference call:

• Record financial results: Q4 adjusted net revenues were $635 million with adjusted EPS of $6.88, and full-year adjusted net revenues were $1.9 billion with adjusted EPS of $17.74, reflecting 22% revenue growth and a 39% increase in adjusted net income versus 2024.
• Advisory momentum and diversification: Advisory exceeded $1 billion (55% of net revenues) and grew 28% year-over-year with 335 transactions, while non-M&A advisory (debt capital markets, private capital advisory, restructuring) now represents over 25% of advisory revenues.
• Shareholder returns and liquidity actions: Returned $239 million in 2025 via buybacks and dividends, approved a special $5/share cash dividend (total dividends $7.70/share, 43% payout) and a 4-for-1 forward stock split to increase liquidity.
• Operational leverage and margins: Q4 operating margin was 27.2% (full-year 21.9%) with improved compensation and non-compensation ratios; management expects similar compensation ratios in 2026 with modest non-comp expense increases tied to office moves.
• Near-term market risks: recent tech/software equity sell-offs could pressure equity capital markets activity and Q1 seasonality makes early-2026 cadence uncertain despite a building advisory pipeline and strong January financings.

Piper Sandler Companies Price Performance

Shares of PIPR traded up $34.77 during mid-day trading on Friday, reaching $366.40. The company had a trading volume of 232,089 shares, compared to its average volume of 132,878. The company has a market capitalization of $6.48 billion, a P/E ratio of 27.61, a P/E/G ratio of 1.11 and a beta of 1.53. Piper Sandler Companies has a twelve month low of $202.91 and a twelve month high of $380.26. The company’s 50-day moving average is $350.58 and its 200-day moving average is $338.68.

Piper Sandler Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Tuesday, March 3rd will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, March 3rd. Piper Sandler Companies’s dividend payout ratio (DPR) is presently 21.10%.

Insider Activity

In other Piper Sandler Companies news, CEO Chad R. Abraham sold 3,000 shares of the stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $336.21, for a total transaction of $1,008,630.00. Following the sale, the chief executive officer owned 53,558 shares of the company’s stock, valued at $18,006,735.18. This represents a 5.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Katherine Patricia Clune sold 1,367 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $324.69, for a total transaction of $443,851.23. Following the sale, the chief financial officer directly owned 10,425 shares in the company, valued at $3,384,893.25. This trade represents a 11.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 8,767 shares of company stock worth $2,937,921 over the last ninety days. Insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Piper Sandler Companies

A number of large investors have recently added to or reduced their stakes in PIPR. CIBC Bancorp USA Inc. acquired a new position in Piper Sandler Companies during the third quarter worth about $647,000. Coldstream Capital Management Inc. grew its holdings in shares of Piper Sandler Companies by 9.4% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,946 shares of the company’s stock valued at $675,000 after purchasing an additional 167 shares during the last quarter. Danske Bank A S bought a new stake in shares of Piper Sandler Companies during the 3rd quarter valued at approximately $35,000. Castleark Management LLC bought a new position in Piper Sandler Companies in the 3rd quarter valued at approximately $9,662,000. Finally, CANADA LIFE ASSURANCE Co boosted its position in Piper Sandler Companies by 1.3% in the third quarter. CANADA LIFE ASSURANCE Co now owns 18,934 shares of the company’s stock valued at $6,675,000 after buying an additional 251 shares in the last quarter. Institutional investors own 72.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wolfe Research reissued an “outperform” rating and set a $398.00 target price on shares of Piper Sandler Companies in a research note on Wednesday, January 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Piper Sandler Companies in a report on Friday, January 23rd. The Goldman Sachs Group raised Piper Sandler Companies from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $368.00 to $386.00 in a report on Monday, November 10th. Bank of America assumed coverage on Piper Sandler Companies in a research report on Monday, January 26th. They issued an “underperform” rating and a $385.00 target price on the stock. Finally, Wall Street Zen cut Piper Sandler Companies from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $389.67.

About Piper Sandler Companies

Piper Sandler Companies (NYSE: PIPR) is an investment bank and institutional securities firm that provides a range of capital markets and advisory services to corporations, institutions, municipalities and high-net-worth individuals. The firm’s core activities include investment banking and M&A advisory, underwriting and distribution of equity and debt securities, public finance, and sector-focused advisory across industries such as healthcare, energy, financial services and technology.

In addition to traditional investment banking, Piper Sandler offers equity and fixed income research, institutional sales and trading, and market-making services.