Piper Sandler Companies (PIPR) Stock Price & Analysis
Piper Sandler Companies (PIPR) is trading at USD 64.65, down 1.37% today, as of October 23, 2026 at 18:38 UTC (US market open; quotes may be delayed), according to Nexqual market data.
PIPR last closed at USD 65.54; today's session has ranged USD 64.12–65.18 on volume of 351,596 shares. Market capitalization is $4.57B, with a 52-week range of USD 61.35–95.07 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 18:38 UTC.
Also available as compact Markdown for AI agents: nexqual.com/PIPR.md
Key facts (PIPR)
- Last four reported quarters (through Jun 30, 2026): revenue $2.12B, net income $307M (14.5% margin) (SEC filings).
- Valuation: P/E 14.9x (avg 28.7x at the last 3 fiscal year-ends).
- 1 of 80 tracked superinvestors hold PIPR (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Analysts: Hold (mean 2.80 on a 1–5 scale) (5 analysts), mean target USD 79.38 (range 75–87.5).
- Total return with dividends: 1Y -21.8% vs S&P 500 +14.5%; 5Y +82.9% vs S&P 500 +77.1%.
- Next earnings: 2026-10-30, EPS estimate USD 0.93, revenue estimate $467M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (PIPR)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $2.04B | $1.44B | $1.36B | $1.53B | $1.90B | $2.12B |
| Net income | $279M | $111M | $85.5M | $181M | $281M | $307M |
| EPS (diluted) | $4.11 | $1.63 | $1.24 | $2.56 | $3.96 | — |
| Net margin | 13.6% | 7.7% | 6.3% | 11.8% | 14.8% | 14.5% |
| Revenue growth | +63.0% | -29.7% | -5.4% | +12.8% | +24.3% | — |
| Cash + short-term investments | $971M | $366M | $383M | $483M | $809M | — |
| Total debt | $125M | $125M | $30.0M | — | — | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (PIPR)
P/E 14.9x · P/S 2.2x · P/B 3.3x · Earnings yield 6.73% · Dividend yield (paid, TTM) 3.09% · Buyback yield (TTM) 2.72%
P/E at fiscal year-ends: Dec 2025 21.5x, Dec 2024 29.3x, Dec 2023 35.2x.
Superinvestors (SEC 13F-HR, Q2 2026) (PIPR)
1 of 80 tracked investors hold PIPR. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Mairs & Power | Mairs & Power Funds | 0.36% | $39.4M | Reduced -0.3% |
Analysts (PIPR)
Consensus Hold (mean 2.80 on a 1–5 scale), 5 analysts; mean target USD 79.38 (low 75, high 87.5).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-01 | Goldman Sachs | Target lowered | Buy | $93 → $80 |
Total return (dividends reinvested) (PIPR)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -21.8% | +82.9% |
| S&P 500 (SPY) | +14.5% | +77.1% |
| Per year | -21.8% | +12.8% |
| Volatility (annualized) | 35.9% | 35.3% |
| Max drawdown | -31.2% (Jan 2026→Oct 2026) | -41.4% (Nov 2021→Sep 2022) |
PIPR suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Pershing | “To fund our business, we rely on financing provided by Pershing LLC ("Pershing") under our fully disclosed clearing agreement and Canadian Imperial Bank of Commerce ("CIBC") under a clearing arrangement with bank financing, as well as other bank financing.” |
| Partner | Piper Sandler | “Our fully disclosed clearing agreement with Pershing includes a covenant requiring Piper Sandler & Co. to maintain excess net capital of $120 million.” |
Quoted from the company's 10-K filed Feb 26, 2026.
PIPR analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.93 | $1.13 | -17.8% | $467.4M | 5 |
| Next quarter (ends Dec 2026) | $1.63 | $1.67 | -2.5% | $656.4M | 5 |
| Current fiscal year (ends Dec 2026) | $4.61 | $4.69 | -1.8% | $2.08B | 5 |
| Next fiscal year (ends Dec 2027) | $5.41 | $5.61 | -3.6% | $2.34B | 5 |
Key Statistics (as of October 23, 2026 at 18:38 UTC)
| Price | USD 64.65 |
|---|---|
| Change | ▼ 1.37% (down) |
| Previous Close | USD 65.54 |
| Open | USD 64.44 |
| Day Range | USD 64.12 – 65.18 |
| 52-Week Range | USD 61.35 – 95.07 |
| Volume | 351,596 shares |
| Market Cap | $4.57B |
| Exchange | NYQ |
Technical Analysis (PIPR)
Nexqual's technical model rates PIPR "STRONG SELL" based on 0 bullish and 5 bearish signals across 128 daily candles, as of October 23, 2026 at 18:38 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 36.55 (neutral) |
| vs SMA50 | Below (USD 70.77) |
| MACD | -1.85 (negative) |
Analyst Ratings (PIPR)
Wall Street analysts rate PIPR "Hold" based on 5 analysts, with a mean price target of USD 79.38 (range USD 75–87.5), per Nexqual as of October 23, 2026 at 18:38 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 5 |
| Mean Target | USD 79.38 |
| High Target | USD 87.5 |
| Low Target | USD 75 |
| Buy / Hold / Sell | 3 / 1 / 1 |
Earnings (PIPR)
| Next Earnings Date | 2026-10-30 |
|---|---|
| EPS Estimate | USD 0.93 |
| Revenue Estimate | $467.39M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 1.04 vs est 0.88 ▲ beat |
| 2026-03-31 | USD 1 vs est 0.77 ▲ beat |
| 2025-12-31 | USD 1.72 vs est 1.19 ▲ beat |
| 2025-09-30 | USD 0.96 vs est 0.82 ▲ beat |
Source: Nexqual, October 23, 2026 at 18:38 UTC.
Financials & Fundamentals (PIPR)
| Total Revenue | $2.12B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +24.90% |
| Gross Margin | +91.82% |
| Operating Margin | +21.61% |
| Profit Margin | +14.53% |
| ROE | +24.53% |
| Debt / Equity | 0.11 |
| Current Ratio | 2.43 |
| Total Cash | $862.32M |
| Total Debt | $176.63M |
Source: Nexqual, October 23, 2026 at 18:38 UTC.
Financial Health Score (PIPR)
Nexqual rates Piper Sandler Companies's overall financial health "Solid" across five dimensions, as of October 23, 2026 at 18:38 UTC.
| Growth | Strong — Revenue +22% YoY (annual) |
|---|---|
| Profitability | Solid — Net margin 15% (last 12 months); banks have no gross margin |
| Balance Sheet | N/A — Not comparable for banks: deposits and customer funds sit on the balance sheet, so cash vs debt does not measure safety (SEC industry: Security Brokers, Dealers & Flotation Companies) |
| Cash Flow | N/A — Not meaningful for banks and lenders: lending and trading move operating cash flow by billions each year (SEC industry: Security Brokers, Dealers & Flotation Companies) |
| Efficiency | Strong — ROE 25%, ROA 17.0% |
Ownership (PIPR)
| Insider Ownership | +3.78% |
|---|---|
| Institutional Ownership | +88.94% |
| Shares Outstanding | 70.67M |
| Float | 65.01M |
| Short % of Float | +4.72% |
Source: Nexqual, October 23, 2026 at 18:38 UTC.
Leadership (PIPR)
Piper Sandler Companies is led by Chad R. Abraham, Chairman & CEO, per Nexqual as of October 23, 2026 at 18:38 UTC.
| Chairman & CEO | Chad R. Abraham |
|---|---|
| Senior Managing Principal, Head of Financial Services Group & Vice Chairman | Jonathan Jay Doyle |
| Chief Financial Officer | Katherine Patricia Clune |
| President | Debbra Lynn Schoneman |
Major Backers & Investors (PIPR)
Notable institutional backers of Piper Sandler Companies include Invesco, Goldman Sachs, North Reef Capital Management LP, according to Nexqual as of October 23, 2026 at 18:38 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Invesco | 4.45% |
| Goldman Sachs | 2.29% |
| North Reef Capital Management LP | 1.91% |
| Westwood Holdings Group Inc. | 1.75% |
| AIM Counselor Series TRT -Invesco Discovery Fd. | 1.1% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 15.63% |
| Vanguard Group | 11.64% |
| State Street | 4.13% |
| Geode Capital | 2.46% |
| Dimensional Fund Advisors | 2.01% |
Source: Nexqual, October 23, 2026 at 18:38 UTC.
From Piper Sandler Companies's Latest SEC 10-K Filing (filed 2026-02-26)
Key Strengths & Strategy (as disclosed to the SEC)
- We also operate entities in various international jurisdictions, and these entities are subject to regulation by the relevant international authorities, including the Financial Conduct Authority of the U.K., the German Federal Financial Supervisory Authority, the ADGM Financial Services Regulatory Authority, and the Guernsey Financial Services Commission ("GFSC").
Partnerships
- Piper Sandler Companies matches each employee's donations up to $5,000.
Legal & Regulatory Risks (Item 1A, quoted)
- Our business is subject to extensive regulation in the jurisdictions in which we operate, and a significant regulatory action against our company may have a material adverse financial effect on, cause significant reputational harm to, or result in other collateral consequences for our company.
- Our business also subjects us to the complex income and payroll tax laws of the national and local jurisdictions in which we have business operations, and these tax laws may be subject to different interpretations by the taxpayer and the relevant governmental taxing authorities.
- Our industry is exposed to significant legal liability, which could lead to substantial damages.
- Regulatory capital requirements may limit our ability to expand or maintain our present levels of business or impair our ability to meet our financial obligations.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| RIOT | Riot Platforms, Inc. | USD 12.72 | ▼ 1.36% |
| VIRT | Virtu Financial, Inc. | USD 56.13 | ▼ 0.21% |
| MC | Moelis & Company | USD 54.47 | ▼ 1.07% |
| FIGR | Figure Technology Solutions, In | USD 22.93 | ▼ 4.62% |
| BGC | BGC Group, Inc. | USD 11.81 | ▼ 0.67% |
| WULF | TeraWulf Inc. | USD 11.3 | ▼ 0.22% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 18:38 UTC. This page is informational and not investment advice.
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