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Hot Stocks
Piper Sandler to acquire research firm Cornerstone Macro, terms undisclosed » 08:17
10/14/21
10/14
08:17
10/14/21
08:17
PIPR

Piper Sandler

$154.04 /

-1.245 (-0.80%)

Piper Sandler announced…

Piper Sandler announced that it has entered into a definitive agreement to acquire Cornerstone Macro. Cornerstone Macro is an independent research firm that offers best-in-class macro research and equity derivatives trading to institutional investors. The acquisition further strengthens Piper Sandler's position as a top institutional equities research, sales, and trading platform. Upon closing, Cornerstone Macro will continue providing its world-class research as Piper Sandler & Co.'s macro research team. Nancy Lazar, co-founder and chief global economist of Cornerstone Macro commented, "The partnership with Piper Sandler will complement our existing business and provide our clients with an industry-leading trading desk and one of the largest and most experienced distribution teams on Wall Street." The transaction is expected to close in the first quarter of 2022 and is subject to customary closing conditions. "The acquisition of Cornerstone Macro is a significant step toward our goal of building a durable $200 M non deal equities business with opportunity to grow over the long-term," said Michael Cox, co-head of global equities at Piper Sandler.

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PIPR Piper Sandler
$154.04 /

-1.245 (-0.80%)

PIPR Piper Sandler
$154.04 /

-1.245 (-0.80%)

09/20/21 Goldman Sachs
Piper Sandler initiated with a Buy at Goldman Sachs
08/31/21 Northland
Piper Sandler price target raised to $161 from $135 at Northland
08/02/21 JMP Securities
Piper Sandler price target raised to $172 from $138 at JMP Securities
12/15/20 Northland
Piper Sandler price target raised to $110 from $87 at Northland
PIPR Piper Sandler
$154.04 /

-1.245 (-0.80%)

Over a week ago
Initiation
Piper Sandler initiated with a Buy at Goldman Sachs » 16:24
09/20/21
09/20
16:24
09/20/21
16:24
PIPR

Piper Sandler

$131.53 /

-3.47 (-2.57%)

Goldman Sachs analyst…

Goldman Sachs analyst James Yaro initiated coverage of Piper Sandler with a Buy rating and $168 price target, offering 27% total return. The analyst launched coverage on the independent investment banks saying consensus remains "overly pessimistic" on the group's sales trajectory. Piper has completed its transition to a capital-light, less cyclical investment banking, Yaro tells investors in a research note. The analyst says the company has diverged from independent investment bank peers, and now more closely resembles a full service independent advisor, but that this has yet to be factored in by the market.

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PIPR Piper Sandler
$131.53 /

-3.47 (-2.57%)

PIPR Piper Sandler
$131.53 /

-3.47 (-2.57%)

08/31/21 Northland
Piper Sandler price target raised to $161 from $135 at Northland
08/02/21 JMP Securities
Piper Sandler price target raised to $172 from $138 at JMP Securities
12/15/20 Northland
Piper Sandler price target raised to $110 from $87 at Northland
12/10/20 JMP Securities
Piper Sandler price target raised to $106 from $93 at JMP Securities
PIPR Piper Sandler
$131.53 /

-3.47 (-2.57%)

Over a month ago
Conference/Events
Piper Sandler participates in a conference call with Northland » 11:25
09/15/21
09/15
11:25
09/15/21
11:25
PIPR

Piper Sandler

$134.51 /

+0.97 (+0.73%)

Conference call with…

Conference call with management will be held on September 15 at 12 pm hosted by Northland.

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PIPR Piper Sandler
$134.51 /

+0.97 (+0.73%)

PIPR Piper Sandler
$134.51 /

+0.97 (+0.73%)

08/31/21 Northland
Piper Sandler price target raised to $161 from $135 at Northland
08/02/21 JMP Securities
Piper Sandler price target raised to $172 from $138 at JMP Securities
12/15/20 Northland
Piper Sandler price target raised to $110 from $87 at Northland
12/10/20 JMP Securities
Piper Sandler price target raised to $106 from $93 at JMP Securities
PIPR Piper Sandler
$134.51 /

+0.97 (+0.73%)

Conference/Events
Piper Sandler participates in a conference call with Northland » 04:55
09/15/21
09/15
04:55
09/15/21
04:55
PIPR

Piper Sandler

$134.07 /

-1.6 (-1.18%)

Conference call with…

Conference call with management will be held on September 15 at 12 pm hosted by Northland.

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PIPR Piper Sandler
$134.07 /

-1.6 (-1.18%)

PIPR Piper Sandler
$134.07 /

-1.6 (-1.18%)

08/31/21 Northland
Piper Sandler price target raised to $161 from $135 at Northland
08/02/21 JMP Securities
Piper Sandler price target raised to $172 from $138 at JMP Securities
12/15/20 Northland
Piper Sandler price target raised to $110 from $87 at Northland
12/10/20 JMP Securities
Piper Sandler price target raised to $106 from $93 at JMP Securities
PIPR Piper Sandler
$134.07 /

-1.6 (-1.18%)

Conference/Events
Piper Sandler participates in a conference call with Northland » 11:17
09/08/21
09/08
11:17
09/08/21
11:17
PIPR

Piper Sandler

$134.98 /

-1.77 (-1.29%)

Conference call with…

Conference call with management will be held on September 15 at 12 pm hosted by Northland.

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PIPR Piper Sandler
$134.98 /

-1.77 (-1.29%)

PIPR Piper Sandler
$134.98 /

-1.77 (-1.29%)

08/31/21 Northland
Piper Sandler price target raised to $161 from $135 at Northland
08/02/21 JMP Securities
Piper Sandler price target raised to $172 from $138 at JMP Securities
12/15/20 Northland
Piper Sandler price target raised to $110 from $87 at Northland
12/10/20 JMP Securities
Piper Sandler price target raised to $106 from $93 at JMP Securities
PIPR Piper Sandler
$134.98 /

-1.77 (-1.29%)

Recommendations
Piper Sandler price target raised to $161 from $135 at Northland » 08:50
08/31/21
08/31
08:50
08/31/21
08:50
PIPR

Piper Sandler

$142.68 /

-2.87 (-1.97%)

Northland analyst Mike…

Northland analyst Mike Grondahl raised the firm's price target on Piper Sandler to $161 from $135 and keeps an Outperform rating on the shares after establishing his 2022 estimates, though Grondahl acknowledges that he finds it tough to model 2022 after "what is shaping up to be a huge year in 2021." Though he forecasts a slowdown in corporate finance, municipal financing and trading in 2022, he believes M&A and advisory trends will continue, Grondahl noted.

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PIPR Piper Sandler
$142.68 /

-2.87 (-1.97%)

PIPR Piper Sandler
$142.68 /

-2.87 (-1.97%)

08/02/21 JMP Securities
Piper Sandler price target raised to $172 from $138 at JMP Securities
12/15/20 Northland
Piper Sandler price target raised to $110 from $87 at Northland
12/10/20 JMP Securities
Piper Sandler price target raised to $106 from $93 at JMP Securities
10/09/20 JMP Securities
Piper Sandler price target raised to $86 from $71 at JMP Securities
PIPR Piper Sandler
$142.68 /

-2.87 (-1.97%)

Recommendations
Piper Sandler price target raised to $172 from $138 at JMP Securities » 06:10
08/02/21
08/02
06:10
08/02/21
06:10
PIPR

Piper Sandler

$122.60 /

-1.765 (-1.42%)

JMP Securities analyst…

JMP Securities analyst Devin Ryan raised the firm's price target on Piper Sandler to $172 from $138. The analyst cites the company's "terrific" Q2 earnings beat, with comp ratio of 60.7% coming in below his estimate of 62%, and a dividend hike. Piper Sandler's advisory business also posted a record quarter while the outlook for investment banking remains constructive, Ryan tells investors in a research note.

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PIPR Piper Sandler
$122.60 /

-1.765 (-1.42%)

PIPR Piper Sandler
$122.60 /

-1.765 (-1.42%)

12/15/20 Northland
Piper Sandler price target raised to $110 from $87 at Northland
12/10/20 JMP Securities
Piper Sandler price target raised to $106 from $93 at JMP Securities
10/09/20 JMP Securities
Piper Sandler price target raised to $86 from $71 at JMP Securities
08/21/20 Northland
Piper Sandler price target raised to $80 from $70 at Northland
PIPR Piper Sandler
$122.60 /

-1.765 (-1.42%)

Hot Stocks
Piper Sandler increases quarterly cash dividend 22% to 55c per share » 08:08
07/30/21
07/30
08:08
07/30/21
08:08
PIPR

Piper Sandler

$123.91 /

+3.12 (+2.58%)

The company increased the…

The company increased the quarterly cash dividend to 55c per share of common stock, which will be paid on September 10 to shareholders of record as of August 27. This quarterly cash dividend represents a 22% increase compared to the quarterly cash dividend paid for Q1.

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PIPR Piper Sandler
$123.91 /

+3.12 (+2.58%)

12/15/20 Northland
Piper Sandler price target raised to $110 from $87 at Northland
12/10/20 JMP Securities
Piper Sandler price target raised to $106 from $93 at JMP Securities
10/09/20 JMP Securities
Piper Sandler price target raised to $86 from $71 at JMP Securities
08/21/20 Northland
Piper Sandler price target raised to $80 from $70 at Northland
PIPR Piper Sandler
$123.91 /

+3.12 (+2.58%)

Earnings
Piper Sandler reports Q2 adjusted EPS $5.37, consensus $3.19 » 08:07
07/30/21
07/30
08:07
07/30/21
08:07
PIPR

Piper Sandler

$123.91 /

+3.12 (+2.58%)

Reports Q2 revenue…

Reports Q2 revenue $511.34M, consensus $353.9M. Record net revenues for Q2 were driven by strong contributions from our investment banking businesses. "Record revenues and earnings for the second quarter of 2021 were led by outstanding advisory activity," said Chad Abraham, chairman and chief executive officer. "Many of our corporate investment banking industry and product teams registered record performance on a year-to-date basis driving total corporate investment banking revenues of $620 million for the first half of 2021, a twofold increase over the prior year period. Our industry team pipelines remain at record levels and we expect to finish the year strong."

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PIPR Piper Sandler
$123.91 /

+3.12 (+2.58%)

12/15/20 Northland
Piper Sandler price target raised to $110 from $87 at Northland
12/10/20 JMP Securities
Piper Sandler price target raised to $106 from $93 at JMP Securities
10/09/20 JMP Securities
Piper Sandler price target raised to $86 from $71 at JMP Securities
08/21/20 Northland
Piper Sandler price target raised to $80 from $70 at Northland
PIPR Piper Sandler
$123.91 /

+3.12 (+2.58%)

Over a quarter ago
Earnings
Piper Sandler reports Q1 adjusted EPS $4.13, consensus $3.12 » 08:11
04/30/21
04/30
08:11
04/30/21
08:11
PIPR

Piper Sandler

$119.63 /

+1.91 (+1.62%)

Reports Q1 revenue…

Reports Q1 revenue $428.61M, consensus $358.73M. "We had another outstanding quarter with record revenues in excess of $400 million. Our performance was broad-based with both investment banking and institutional brokerage revenues hitting quarterly records, highlighting the ongoing strength and diversification of our franchise and the earnings power of our platform," said Chad Abraham, chairman and chief executive officer. "We generated record adjusted net income for the quarter and we are pleased to share our continued success with our shareholders through an increase to our quarterly dividend."

ShowHide Related Items >><<
PIPR Piper Sandler
$119.63 /

+1.91 (+1.62%)

PIPR Piper Sandler
$119.63 /

+1.91 (+1.62%)

12/15/20 Northland
Piper Sandler price target raised to $110 from $87 at Northland
12/10/20 JMP Securities
Piper Sandler price target raised to $106 from $93 at JMP Securities
10/09/20 JMP Securities
Piper Sandler price target raised to $86 from $71 at JMP Securities
08/21/20 Northland
Piper Sandler price target raised to $80 from $70 at Northland
PIPR Piper Sandler
$119.63 /

+1.91 (+1.62%)

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