PIPER SANDLER COMPANIES (PIPR)
Financials · Investment banking and institutional brokerage · NYSE
An independent investment bank and institutional securities firm focused on middle-market corporate clients, financial sponsors, and public entities across healthcare, financial services, industrials, and other core sectors.
What PIPER SANDLER COMPANIES does
Piper Sandler Companies is a diversified investment bank and institutional securities firm founded in 1895, serving corporations, private equity groups, public entities, and institutional investors. The firm provides investment banking services (M&A advisory, equity and debt capital markets), institutional brokerage services (equity and fixed income sales and trading), public finance services, equity and macro research, and alternative asset management strategies. With headquarters in Minneapolis and offices across the U.S. and internationally, it operates through a single reportable segment with a particular focus on middle-market clients across healthcare, financial services, industrials, energy, consumer, technology, and chemicals sectors.
Themes: ["Investment banking / M&A advisory","Capital markets (equity and fixed income)","Public finance / municipal finance","Institutional brokerage","Equity research and macro research","Alternative asset management","Middle-market focus"]
Fundamentals
- Price$73.44 as of 2026-07-09 close
- Market cap$5.3B as of 2026-07-10
- 1-year return+1.4% as of 2026-07-09 close
- P/E18.76 as of 2026-07-10
- Net margin+13.9% as of 2026-07-10
- Gross margin+98.8% as of 2026-07-10
- ROE+21.6% as of 2026-07-10
- Debt / equity0.04 as of 2026-07-10
- Revenue growth (YoY)+30.7% as of 2026-07-10
- Revenue CAGR (3y)+9.9% SEC XBRL
- Beta1.44 as of 2026-07-10
Dividend: yield +1.0%; 2-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Intense competition from large Wall Street firms, regional brokers, and boutique firms with greater financial resources and technology capabilities","Human capital dependence — competition for attracting and retaining qualified, registered employees in a talent-intensive business","Market volatility and cyclicality — net revenues dependent on investment banking activity levels and institutional trading volumes, which fluctuate with market conditions"]
Competitors & peers
- Goldman Sachs (GS)
- Morgan Stanley (MS)
- JPMorgan Chase (JPM)
- Bank of America (BAC)
- Evercore (EVR)
- Lazard (LAZ)
- Jefferies (JEF)
- Baird / Robert W. Baird (private)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.