Piper Sandler Companies Announces Share Repurchase Authorization
07 February 2025 - 8:30AM
Business Wire
Piper Sandler Companies (NYSE: PIPR), a leading investment bank,
announced today that its board of directors has authorized the
repurchase of up to $150 million of the company's outstanding
common stock. This authorization is effective immediately and will
expire on December 31, 2026. The share repurchase program will be
used as part of the company’s capital allocation strategy, which
includes returning capital to its shareholders, and to offset the
dilutive effect of employee equity-based compensation.
The company’s previous share repurchase authorization expired on
December 31, 2024.
Cautionary Note Regarding Forward-Looking Information
This announcement contains forward-looking statements.
Statements that are not historical or current facts, including
statements about beliefs and expectations, are forward-looking
statements and are subject to significant risks and uncertainties
that are difficult to predict. These forward-looking statements
cover, among other things, statements made about our share
repurchase plans, our liquidity and capital resources or other
similar matters. These statements involve inherent risks and
uncertainties, both known and unknown, and important factors could
cause actual results to differ materially from those anticipated or
discussed in the forward-looking statements, including (1) our
ability to effect the repurchase program depends in part upon our
results of operations and profitability and may be impacted by
negative operating conditions, (2) an inability to access capital
readily or on terms favorable to us could impair our ability to
effect the repurchase program, and (3) other factors identified
under “Risk Factors” in Part I, Item 1A of our Annual Report on
Form 10-K for the year ended December 31, 2023, and updated in our
subsequent reports filed with the SEC. These reports are available
at www.pipersandler.com or www.sec.gov. Forward-looking statements
speak only as of the date they are made, and we undertake no
obligation to update them in light of new information or future
events.
ABOUT PIPER SANDLER
Piper Sandler Companies (NYSE: PIPR) is a leading investment
bank driven to help clients Realize the Power of Partnership®.
Securities brokerage and investment banking services are offered in
the U.S. through Piper Sandler & Co., member SIPC and NYSE; in
the U.K. through Piper Sandler Ltd., authorized and regulated by
the U.K. Financial Conduct Authority; in the EU through Aviditi
Capital Advisors Europe GmbH, a tied agent of AHP Capital
Management GmbH, authorized and regulated by BaFin; and in Hong
Kong through Piper Sandler Hong Kong Ltd., authorized and regulated
by the Securities and Futures Commission. Alternative asset
management and fixed income advisory services are offered through
separately registered advisory affiliates.
Follow Piper Sandler: LinkedIn | Facebook | X
©2025. Since 1895. Piper Sandler Companies. 800 Nicollet Mall,
Minneapolis, Minnesota 55402-7036
View source
version on businesswire.com: https://www.businesswire.com/news/home/20250206352122/en/
Piper Sandler Companies 800 Nicollet Mall, Suite 900
Minneapolis, MN 55402 CONTACT Nick Lawler Tel: 212 891-8954
nick.lawler@psc.com
Piper Sandler Companies (NYSE:PIPR)
Historical Stock Chart
From Jan 2025 to Feb 2025
Piper Sandler Companies (NYSE:PIPR)
Historical Stock Chart
From Feb 2024 to Feb 2025