secwatch.observer — SEC 8-K summary
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Issuer:     PIPER SANDLER COMPANIES (PIPR)
CIK:        0001230245
Form:       8-K
Filed at:   2021-10-29T23:59:59+00:00
Accession:  0001230245-21-000145
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1230245/000123024521000145/0001230245-21-000145-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1230245/000123024521000145/pipr-20211029.htm
  HTML page:      https://secwatch.observer/filing/0001230245-21-000145

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