---
schema_version: "secwatch.filing_event.v1"
accession: "0001230245-21-000145"
form_type: "8-K"
ticker: "PIPR"
cik: "0001230245"
company_name: "PIPER SANDLER COMPANIES"
filed_at: "2021-10-29T23:59:59+00:00"
generated_at: "2026-06-28T16:07:47.883142+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Piper Sandler reports Q3 net rev $445.6M, declares special $3 dividend, acquires Cornerstone Macro

## Summary
- Q3 net revenues $445.6M (GAAP), down 12% QoQ, up 47% YoY; GAAP EPS $2.68, adjusted EPS $4.55.
- Declared special dividend $3.00/share and quarterly dividend $0.55/share, payable Dec 10 to record Nov 23.
- Announced acquisition of Cornerstone Macro (50+ professionals, 21 research analysts), expected close Q1 2022.
- Investment banking revenues $335.6M (75% of net revs); advisory services $214.2M, second strongest quarter on record.
- First nine months net revenues exceed $1.3B; adjusted EPS $14.08 (record first nine months).

## SEC filing metadata
- accession: 0001230245-21-000145
- form_type: 8-K
- ticker: PIPR
- cik: 0001230245
- company_name: PIPER SANDLER COMPANIES
- filed_at: 2021-10-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1230245/000123024521000145/0001230245-21-000145-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1230245/000123024521000145/pipr-20211029.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001230245-21-000145
- JSON: https://secwatch.observer/filing/0001230245-21-000145.json
- Plain text: https://secwatch.observer/filing/0001230245-21-000145.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.