PIPER SANDLER COMPANIES (PIPR)
Financials · Investment Banking & Brokerage · NYSE
An investment bank and institutional securities firm offering M&A advisory, capital markets services, and equity research.
What PIPER SANDLER COMPANIES does
Piper Sandler Companies is a financial services firm that provides investment banking and institutional brokerage services. The company focuses on advisory services for mergers and acquisitions, capital raising, and public finance, alongside equity research, sales, and trading services for institutional clients.
Themes: Investment banking, Capital markets, Mergers and acquisitions (M&A), Institutional brokerage, Financial services
Fundamentals
- Price$75.02 as of 2026-08-21 close
- Market cap$5.3B as of 2026-08-21
- 1-year return-6.2% 2025-08-21 close $80.00 → 2026-08-21 close $75.02
- P/E18.02 as of 2026-08-24
- Net margin+14.5% as of 2026-08-24
- Gross margin+98.9% as of 2026-08-24
- ROE+22.9% as of 2026-08-24
- Debt / equity0.07 as of 2026-08-24
- Revenue growth (YoY)+32.1% as of 2026-08-24
- Revenue CAGR (3y)+9.9% SEC XBRL
- Beta1.45 as of 2026-08-24
- Last reported earnings2026-07-30 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +1.6%; 2-year non-decreasing per-share dividend streak (SEC XBRL).
How PIPR compares in its sector
- price-to-earnings ratiomiddle range 525 covered Financials peers, as of 2026-08-24
- net profit marginmiddle range 538 covered Financials peers, as of 2026-08-24
- operating marginmiddle range 534 covered Financials peers, as of 2026-08-24
- gross margintop 10% 176 covered Financials peers, as of 2026-08-24
- return on equitytop 25% 575 covered Financials peers, as of 2026-08-24
- 3-year revenue CAGRmiddle range 347 covered Financials peers
- indicated dividend yieldbottom 25% 453 covered Financials peers, as of 2026-08-24
Position among covered Financials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
PIPR is not currently in any published Top 10 list. Its scores are below.
Long-term score
54.3 #346 of 987 scored · #132 of 191 in Financials
Financial health 86th (debt to equity 0.1, free cash flow margin 23%) and growth 82nd (revenue growth year over year 32.1%, 3-year revenue CAGR 9.9%); weakest is long-term trend (21st, a "death cross" — its 50-day average is below its 200-day).
Short-term score
45.2 #1111 of 1,704 scored · #198 of 277 in Financials
Setup 57th: day-to-day price swings are unusually narrow versus its own recent history — a "Bollinger squeeze" (in the tightest 10% of the past ~6 months), which often precedes a bigger move; catalysts 56th: open-market insider buys in 90 days 17, the analyst consensus rating is unchanged since the prior reading; weakest is trend 32nd: a "death cross" — its 50-day average is below its 200-day.
Scores as of 21 Aug 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 2.
Dividend coverage (FY2025)
Covered by reported results. In FY2025, PIPR's dividend was covered by reported results (earnings payout 41%, operating-cash-flow payout 19%). This describes past coverage, not a forecast.
- Earnings payout41% dividends / net income
- Operating-cash-flow payout19% dividends / operating cash flow — capital spending was not reported, so this does not subtract it
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How PIPER SANDLER COMPANIES looks technically
PIPER SANDLER COMPANIES (PIPR) is trading 7.4% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed below its 200-day average about 100 trading days ago — a "death cross", a bearish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 16, below the 25 that marks a real trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 48, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bearish about 3 trading days ago (its momentum flipped negative). It made a new 20-day low about 2 trading days ago. It is 21.1% below its highest point of the past year. Day-to-day price swings are unusually narrow versus its own recent history — a "Bollinger squeeze" (in the tightest 10% of the past ~6 months), which often precedes a bigger move.
Trend
7
| Distance from the 200-day | it is trading 7.4% below its 200-day average, the long-term trend line — a long-term downtrend | -7.4% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $75.92 | $75.92 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $81.05 | $81.05 |
| Swing structure | its recent peaks and dips disagree — one of them is rising while the other is not, so there is no clean up or down pattern in the swings | mixed — one of the two is not confirming |
| Last swing turn | its last significant turn was a swing high 8 calendar days ago — the swings before that are what the structure reading is measured on | 8 sessions |
| Since the 50/200 cross | its 50-day average crossed below its 200-day average about 100 trading days ago — a "death cross", a bearish long-term signal | 100 sessions |
| Trend strength (14-day ADX) | there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 16, below the 25 that marks a real trend) | 16.1 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 48, neither overbought (above 70) nor oversold (below 30) | 48.3 |
|---|---|---|
| Position in its 14-day range | it is trading in the lower half of its 14-day range ($72.41 to $78.80) — its "stochastic" reading is 41 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 40.9 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bearish about 3 trading days ago (its momentum flipped negative) | 3 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $95.06 | $95.06 |
|---|---|---|
| From the 52-week high | it is 21.1% below its 52-week high (its highest price of the past year) | -21.1% |
| Above the 52-week low | it is 9.2% above its 52-week low (its lowest price of the past year) | +9.2% |
| Below the 52-week high | it is 21.1% below its highest point of the past year | 21.1% |
| Since a 20-day breakout | it made a new 20-day low about 2 trading days ago | 2 sessions |
| Since a 55-day breakout | it made a new 55-day low about 33 trading days ago | 33 sessions |
| All-time high | its highest closing price on record is $95.06 (set on 2026-01-22) | $95.06 |
| Given back of the 52-week move | over the past year its closes ranged ($69.97 to $94.52), and it has recovered roughly a quarter of its fall from last year’s high — 21% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $85.14 to $85.92. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 20.6% |
| From the all-time high | it is 21.1% below its all-time high | -21.1% |
| Nearest price level | it is trading 0.9% above a support level at $74.36 — a price it turned at three times since 2025-01-27, most recently on 2026-08-07. Since 2024-08-21 it has 6 such levels below the current price and 8 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | -0.9% |
| All-time low | its lowest closing price on record is $4.18 (set on 2011-10-04) | $4.18 |
| Above the all-time low | it is 1694.7% above its all-time low | +1,695% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are unusually narrow versus its own recent history — a "Bollinger squeeze" (in the tightest 10% of the past ~6 months), which often precedes a bigger move | 10th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $2.49 between its high and its low — about 3.3% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $2.49 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $73.15 and $77.93 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $73.15 – $75.54 – $77.93 |
| Typical daily range (% of price) | its price moves about 3.3% in a typical session — about typical for the companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 3.3% |
| Stretch from the 200-day average | it is trading 2.4 daily ranges below its 200-day average price (7.4% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 2.4 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.80× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | not available for this company yet | n/a |
Price gaps
2
| Gap at the open | it opened on 2026-08-21 1.1% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and had not traded back through that level by the close | +1.1% |
|---|---|---|
| Gap filled | a 2.3% gap down opened on 2026-07-17 has been "filled" 23 sessions ago — price traded back through the level the gap left behind, and it took 2 sessions to close | 23 sessions ago |
Price streaks
1
| Closing streak | it closed higher in its latest session, after a session that did not close higher — a single up day rather than a run | 1 session up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 5.2 percentage points (the stock lost 2.9% while the market gained 2.3%) | -5.2% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 10.2 percentage points (the stock lost 7.1% while the market gained 3.1%) | -10.2% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 19.3 percentage points (the stock lost 8.2% while the market gained 11.1%) | -19.3% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 26.7 percentage points (the stock lost 6.2% while the market gained 20.5%) | -26.7% |
Signal agreement
2
| Bullish technical signals | 0 of the 9 technical signals we can compute for it are currently in a bullish state — these describe past price behaviour, not a forecast | 0 of 9 |
|---|---|---|
| Bearish technical signals | 6 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, trading below its 200-day average, a fresh 20-day low, MACD momentum is negative, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 6 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 0.7% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-16 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is moderate, spanning 5.9% of the share price. | -0.7% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 6% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $79.72 — a volume-weighted average of daily closes over 156 sessions, not a true tick-by-tick VWAP. | -5.9% |
|---|---|---|
| Vs the average paid since it last reported | the price is 1% below the average price paid since it last reported on 2026-07-30 (its 8-K), so the typical buyer over that stretch is under water. That average is $75.60 — a volume-weighted average of daily closes over 17 sessions, not a true tick-by-tick VWAP. | -0.8% |
Price levels it has turned at before
PIPR last closed at $75.02 on 2026-08-21. Since 2024-08-21 it has turned at 6 prices below its last close and 8 above; the 3 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $74.36 | Support | 0.9% below the last close | turned there three times · 2025-01-27 to 2026-08-07 |
| $76.47 | Resistance | 1.9% above the last close | turned there 7 times · 2024-10-18 to 2026-07-07 |
| $72.48 | Support | 3.4% below the last close | turned there four times · 2024-09-23 to 2026-03-25 |
| $78.36 | Resistance | 4.5% above the last close | turned there four times · 2025-11-18 to 2026-08-13 |
| $80.38 | Resistance | 7.2% above the last close | turned there three times · 2025-09-03 to 2025-12-03 |
| $69.40 | Support | 7.5% below the last close | turned there 9 times · 2024-09-30 to 2026-07-30 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
No Elliott-wave labelling currently fits its swings: the recent highs and lows do not satisfy the three rules a five-wave count has to obey, so there is no count to show rather than a count we are unsure about.
Read from daily closes as of 2026-08-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Pulled back from the 12-month high · Broke down to a new 20-day low · MACD just crossed bearish (12/26/9) · in a Bollinger Band volatility squeeze · trendless / choppy (low ADX) | Learn: moving average · golden cross · adx · rsi · macd · breakout · fifty two week high low · bollinger bands
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Mean price target$87.13 range $81.00 – $93.00; median $87.25
Analyst estimates, as of 2026-08-23. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for PIPR
- Consensus EPS estimate$0.932 next reporting period, as of 2026-08-23
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Dependence on capital markets activity and M&A volume which are highly cyclical.","Exposure to regulatory and legal risks inherent in the financial services and securities industries.","Risk of failure to retain key talent in a highly competitive compensation-driven environment."]
What changed in the latest 10-Q
AI-assisted comparison of PIPR's 10-Q filed 2026-05-07 against the prior one filed 2025-11-04.
Management's Discussion & Analysis (MD&A)
The two filings could not be meaningfully compared for this section.
Risk Factors
- Added:
- Newer filing (2026-05-07) references 10-K for year ended December 31, 2025 instead of December 31, 2024
- Newer filing (2026-05-07) includes new Exhibit 3.2: Certificate of Amendment of Amended and Restated Certificate of Incorporation filed March 23, 2026
- Newer filing (2026-05-07) adds footnote (3) explaining composition of February 2026 share repurchases under 10b5-1 plan and restricted stock withholding
- Newer filing (2026-05-07) adds explanatory note (1) regarding four-for-one forward stock split adjustment to share data
- Removed:
- Older filing (2025-11-04) Exhibit 3.2 reference to 'Amended and Restated Bylaws' is replaced/restructured in newer filing (2026-05-07) as Exhibit 3.3
- Reworded:
- Quarter ended date changed from September 30, 2025 (older) to March 31, 2026 (newer)
- Share repurchase table data completely different: older shows 11,202 total shares at $328.38 average price with $133.4M remaining authorization; newer shows 883,804 total shares at $79.08 average price with $88.5M remaining authorization
- Page numbers differ: Risk Factors on page 57 (newer) vs page 68 (older); Item 2 on page 57 (newer) vs page 68 (older); Item 6 on page 59 (newer) vs page 70 (older)
- Filing signature date changed from November 4, 2025 (older) to May 7, 2026 (newer)
- Financial statement references updated from quarter/year ended September 30, 2025 (older) to quarter/year ended March 31, 2026 (newer)
- Notes:
- Comparison limited to Risk Factors section header and following items (2-6); substantive risk factor disclosures are stated to reference respective 10-K filings
- Share repurchase differences reflect different reporting periods (Q3 2025 vs Q1 2026) and potential stock split adjustment noted in newer filing
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales recorded in the last 90 days.
- Last 180 days0 buys · 6 sells ($7M) — 1 selling insider
Most recent open-market transaction: 2026-05-05. As of 2026-08-24.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about PIPR's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
6 institutional 13F filers reported holding PIPR as of 2026-03-31 (quarter-end position, filed within 45 days).
- Distinct 13F filers 6
- Reported shares held 14,297,429
- Reported value $1,094,468,257
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Short interest (FINRA)
PIPR had 2,500,823 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
PIPR had 3.54% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 4.13 days to cover at the same settlement.
- Reported short interest (shares) 2,500,823
- Short interest (% of shares outstanding) 3.54%
- Prior settlement (shares) 3,105,213
- Reported change -19.46%
- Days to cover (reported) 4.13
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Jefferies Financial Group (JEF)
- Evercore (EVR)
- Houlihan Lokey (HLI)
- Stifel Financial (SF)
- Lazard (LAZ)
- KBW (Stifel)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does PIPER SANDLER COMPANIES (PIPR) do?
Piper Sandler Companies is a financial services firm that provides investment banking and institutional brokerage services. The company focuses on advisory services for mergers and acquisitions, capital raising, and public finance, alongside equity research, sales, and trading services for institutional clients.
What sector is PIPER SANDLER COMPANIES (PIPR) in?
PIPER SANDLER COMPANIES (PIPR) is classified in the Financials sector. Its industry is Investment Banking & Brokerage. It trades on NYSE.
Does PIPR pay a dividend?
Yes — PIPER SANDLER COMPANIES (PIPR) pays a dividend, with an indicated yield of about 1.57% and 2-year non-decreasing per-share dividend streak (SEC EDGAR XBRL) (market data, as of 2026-08-24). Informational only — not financial advice.
Who are PIPER SANDLER COMPANIES's (PIPR) competitors?
Notable peers of PIPER SANDLER COMPANIES (PIPR) include Jefferies Financial Group, Evercore, Houlihan Lokey, Stifel Financial and Lazard. This peer set is informational only — not financial advice.
Is PIPER SANDLER COMPANIES (PIPR) overbought or oversold right now?
PIPER SANDLER COMPANIES (PIPR) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 48, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on PIPR come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.