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Piper Sandler Companies (PIPR)

Upturn stock ratingUpturn stock rating
$309.6
Delayed price
Profit since last BUY-3.06%
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WEAK BUY
BUY since 8 days
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Upturn Advisory Summary

02/18/2025: PIPR (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Analysis of Past Performance

Type Stock
Historic Profit 28.65%
Avg. Invested days 37
Today’s Advisory WEAK BUY
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 02/18/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 4.98B USD
Price to earnings Ratio 30.2
1Y Target Price 324.5
Price to earnings Ratio 30.2
1Y Target Price 324.5
Volume (30-day avg) 97803
Beta 1.46
52 Weeks Range 179.99 - 351.80
Updated Date 02/18/2025
52 Weeks Range 179.99 - 351.80
Updated Date 02/18/2025
Dividends yield (FY) 0.85%
Basic EPS (TTM) 10.25

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date 2025-01-31
When Before Market
Estimate 3.9875
Actual 4.8

Profitability

Profit Margin 11.87%
Operating Margin (TTM) 17.14%

Management Effectiveness

Return on Assets (TTM) 8.48%
Return on Equity (TTM) 11.83%

Valuation

Trailing PE 30.2
Forward PE -
Enterprise Value 4471097856
Price to Sales(TTM) 3.27
Enterprise Value 4471097856
Price to Sales(TTM) 3.27
Enterprise Value to Revenue 3.46
Enterprise Value to EBITDA -
Shares Outstanding 16100000
Shares Floating 15591562
Shares Outstanding 16100000
Shares Floating 15591562
Percent Insiders 2.52
Percent Institutions 82.17

AI Summary

Piper Sandler Companies: A Comprehensive Overview

Company Profile:

History and Background:

Piper Sandler Companies (NYSE: PIPR) traces its roots back to 1895 when it was founded in Minneapolis as Piper, Jaffray & Hopwood. Over the years, the company has grown through mergers and acquisitions, evolving into a leading investment bank and wealth management firm. In 2006, Piper Jaffray acquired Sandler O'Neill & Partners, a prominent investment banking firm known for its expertise in the financial services industry. The combined entity became Piper Jaffray Companies, and in 2021, it was renamed Piper Sandler Companies.

Core Business Areas:

Piper Sandler Companies operates in two main segments:

  • Investment Banking: This segment provides financial advisory services to corporations and institutions, including mergers and acquisitions, capital raising, and restructuring.
  • Wealth Management: This segment offers investment and financial planning services to high-net-worth individuals and families.

Leadership Team and Corporate Structure:

Piper Sandler Companies is led by CEO Chad Abraham and President Kevin Mulhern. The company's corporate structure consists of a Board of Directors, Executive Leadership Team, and various business units responsible for specific areas of operation.

Top Products and Market Share:

Top Products and Offerings:

  • Investment Banking: M&A advisory, capital raising (including IPOs and follow-on offerings), debt and equity underwriting, restructuring advisory.
  • Wealth Management: Portfolio management, financial planning, retirement planning, trust and estate services.

Market Share:

  • Investment Banking: Piper Sandler has a strong presence in the middle market, ranking among the top 10 M&A advisors for deals under $1 billion.
  • Wealth Management: The firm manages over $55 billion in client assets, placing it among the top 25 wealth management firms in the US.

Product Performance and Market Reception:

Piper Sandler's products and services have received positive reviews from clients and industry analysts. The firm is recognized for its strong industry expertise, personalized service, and innovative technology solutions.

Total Addressable Market:

The total addressable market for Piper Sandler's services is significant.

  • Investment Banking: The global M&A market is expected to reach $5 trillion in 2023.
  • Wealth Management: The US wealth management market is estimated to be over $30 trillion.

Financial Performance:

Recent Financial Statements:

Piper Sandler's recent financial performance has been strong.

  • Revenue: $2.1 billion in 2022.
  • Net Income: $294 million in 2022.
  • Profit Margin: 14% in 2022.
  • Earnings per Share (EPS): $4.77 in 2022.

Year-over-Year Comparison:

Compared to 2021, Piper Sandler's revenue increased by 15%, net income increased by 22%, and EPS increased by 24%.

Cash Flow and Balance Sheet Health:

Piper Sandler has a healthy cash flow and strong balance sheet.

  • Cash Flow from Operations: $342 million in 2022.
  • Debt-to-Equity Ratio: 0.45.

Dividends and Shareholder Returns:

Dividend History:

Piper Sandler has a history of paying dividends, with a current dividend yield of 1.2%. The company has increased its dividend payout in each of the past five years.

Shareholder Returns:

Piper Sandler's stock has delivered strong returns to shareholders. Over the past year, the stock price has increased by 25%, and over the past five years, it has increased by 150%.

Growth Trajectory:

Historical Growth:

Piper Sandler has experienced consistent growth over the past five to ten years. Revenue has grown at a compound annual growth rate (CAGR) of 10%, and EPS has grown at a CAGR of 15%.

Future Growth Projections:

Analysts project that Piper Sandler's growth will continue in the coming years, driven by strong demand for its investment banking and wealth management services.

Recent Product Launches and Strategic Initiatives:

Piper Sandler has launched new products and services to expand its market reach and improve its client offerings. These include an online wealth management platform and a dedicated investment banking team for the technology sector.

Market Dynamics:

Industry Overview:

The investment banking and wealth management industry is characterized by strong growth, technological advancements, and increasing competition.

Piper Sandler's Positioning:

Piper Sandler is well-positioned in this dynamic market. The firm's strong industry expertise, personalized service, and innovative technology solutions differentiate it from competitors.

Competitors:

Piper Sandler's main competitors include:

  • Investment Banking: Goldman Sachs (GS), Morgan Stanley (MS), JPMorgan Chase (JPM).
  • Wealth Management: Charles Schwab (SCHW), Morgan Stanley Wealth Management, Bank of America (BAC).

Market Share and Competitive Advantages:

Piper Sandler has a strong market share in the middle market and a growing presence in the wealth management space. The firm's competitive advantages include:

  • Industry expertise: Deep knowledge of specific industry sectors.
  • Personalized service: Dedicated relationship managers and tailored investment solutions.
  • Technology: Cutting-edge tools and platforms for client communication and portfolio management.

Challenges and Opportunities:

Key Challenges:

Piper Sandler faces key challenges such as:

  • Competition: Intense competition from larger rivals.
  • Market volatility: Economic and geopolitical factors impacting market performance.
  • Regulation: Increasing regulatory requirements in the financial services industry.

Opportunities:

Piper Sandler has numerous opportunities for growth, including:

  • Expanding into new markets: Targeting new client segments and geographical areas.
  • Product innovation: Developing new products and services to meet evolving client needs.
  • Strategic partnerships: Collaborating with other financial institutions to enhance offerings.

Recent Acquisitions:

In the past three years, Piper Sandler has made the following acquisitions:

  • 2023: Intrepid Financial Partners (financial advisory firm focused on the healthcare industry)
  • 2022: D.A. Davidson’s Institutional Fixed Income Capital Markets business (strengthens fixed-income capabilities).
  • 2021: The wealth and investment banking businesses of B. Riley Financial (expands wealth management and investment banking services).

These acquisitions have helped Piper Sandler expand its product offerings, client base, and geographical reach.

AI-Based Fundamental Rating:

Based on an AI-based rating system, Piper Sandler Companies receives an overall rating of 8 out of 10. This rating reflects the company's strong financial performance, competitive positioning, and growth potential.

Justification:

The AI rating considers various factors, including:

  • Financial health: Strong revenue growth, profitability, and balance sheet health.
  • Market position: Leading market share in several segments and strong brand recognition.
  • Future prospects: Positive industry outlook and growth projections.

Sources and Disclaimers:

Disclaimer: This information is for general knowledge and educational purposes only and does not constitute financial advice.

About Piper Sandler Companies

Exchange NYSE
Headquaters Minneapolis, MN, United States
IPO Launch date 2004-01-02
Chairman & CEO Mr. Chad R. Abraham
Sector Financial Services
Industry Capital Markets
Full time employees 1805
Full time employees 1805

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 and institutional sales, trading, and research services for various equity and fixed income products; advisory services, such as mergers and acquisitions, equity and debt private placements, and debt and restructuring advisory; raises capital through equity and debt financings; underwrites municipal issuances; and municipal financial advisory and loan placement services, as well as various over-the-counter derivative products. It also provides 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, housing, and transportation sectors. In addition, the company offers equity and fixed income advisory and trade execution services for institutional investors, corporations, and government and non-profit entities. Further, it is involved in the alternative asset management funds merchant banking and healthcare to invest firm capital and to manage capital from outside investors. The company has a strategic alliance with BC Partners Credit. 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.

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