PIPR is the ticker symbol for PIPER SANDLER COMPANIES, a publicly traded Financials sector company listed on NYSE. 13F Pro tracks PIPR with AI-powered analysis, an AI quality score, SEC EDGAR financials, insider transactions, and institutional 13F holdings — all sourced directly from public SEC filings.

Is PIPR a good stock to buy?

13F Pro's AI ranking engine scores PIPR at 72.7/100, ranked #140 of 2,925 stocks on a composite quality score built from its SEC filings, covering profitability, growth, balance sheet strength, and free cash flow. The full AI verdict and bull/bear case for PIPR is available at https://13fpro.ai/company/PIPR. Not investment advice — review the underlying SEC filings before making any trade.

Where does 13F Pro source PIPR data?

All PIPER SANDLER COMPANIES fundamentals and ownership data come directly from SEC EDGAR. PIPER SANDLER COMPANIES files with the SEC under CIK 1230245. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

PIPER SANDLER COMPANIES PIPR

NYSEMid CapFinancials

13F Pro quality score

Rank #140 of 2,925TOP 5%

Why it scores 73 Financials peers →

Rankings refresh quarterly once 80% of peers have filed. Next update: ~Nov 14, 2026.

Revenue

$496.25M

Quarter to Jun 30

Net income

$67.84M

Quarter to Jun 30

Free cash flow

$28.46M

Quarter to Jun 30

Operating margin

20.2%

Quarter to Jun 30

Top Institutional Holders

as of Q2 2026

$4.46B total

BlackRock, Inc.

$799.26M+5.9%

VANGUARD PORTFOLIO MANAGEMENT LLC

$375.20M+1.0%

Invesco Ltd.

$227.29M+20.4%

VANGUARD CAPITAL MANAGEMENT LLC

$219.79M+0.5%

STATE STREET CORP

$211.23M+4.8%

GEODE CAPITAL MANAGEMENT, LLC

$125.99M+6.7%

GOLDMAN SACHS GROUP INC

$116.92M+10.1%

DIMENSIONAL FUND ADVISORS LP

$103.01M+3.5%

North Reef Capital Management LP

$97.66M+39.9%

WESTWOOD HOLDINGS GROUP INC

$89.49M+11.3%

Stephens Investment Management Group LLC

$83.11M+2.6%

ALLIANCEBERNSTEIN L.P.

$82.91M-4.8%

Fisher Asset Management, LLC

$76.79M-1.5%

AMERICAN CENTURY COMPANIES INC

$67.59M+25.9%

NORGES BANK

$64.32M--

CHARLES SCHWAB INVESTMENT MANAGEMENT INC

$62.35M+0.3%

GW&K Investment Management, LLC

$62.30M-6.0%

NORTHERN TRUST CORP

$58.14M+6.5%

JPMORGAN CHASE & CO

$54.84M-14.3%

SYSTEMATIC FINANCIAL MANAGEMENT LP

$51.13M-2.1%

MORGAN STANLEY

$44.95M-13.8%

Nuveen, LLC

$44.35M-12.1%

Bank of New York Mellon Corp

$41.47M+0.5%

VOYA INVESTMENT MANAGEMENT LLC

$39.58M-0.6%

MAIRS & POWER INC

$39.39M-0.3%

See all 424 institutional holders →

What's Driving PIPR's Business? Latest 10-Q Breakdown

32/32 datapoints verified

AI-extracted from the 10-Q filed 2026-08-05 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Revenues from contracts with customers rose to $473.1M as investment banking grew 28.7% to $361.5M, lifting pre-tax margin to 20.3% from 12.3%.

Biggest Revenue Drivers

Investment banking$361.5M+28.7% YoY

Driven primarily by more completed M&A transactions and a higher average fee

Institutional brokerage$111.5M-2.6% YoY

Fixed income declines offset higher equity brokerage client activity

Biggest Revenue Drivers

Total revenue: $473.1M+19.6% YoY

Investment banking$361.5M+28.7% YoY

Driven primarily by more completed M&A transactions and a higher average fee

Within Investment banking

Advisory services$274.2M+33.9% YoY

Led by financial services group with contributions from healthcare and services & industrials

Institutional brokerage$111.5M-2.6% YoY

Fixed income declines offset higher equity brokerage client activity

Within Institutional brokerage

Equity brokerage$62.9M+8.3% YoY

Increased trading volumes, including convergence of benchmark rebalancing events in June

Fixed income services$48.6M-13.8% YoY

Reduced client activity resulting from interest rate volatility; prior year benefited from balance sheet restructuring trades

Largest Expense Items

Compensation and benefits$308.7M+19.6% YoY

Higher revenues; compensation ratio fell to 62.3% from 65.1%

Occupancy and equipment$19.6M+12.4% YoY

Incremental costs from 2025 Minneapolis headquarters relocation and planned 2027 New York City office relocation

Outside services$16.8M-19.8% YoY

Lower professional fees and a decline in legal fees

Communications$15.9M+6.3% YoY

Higher market data services expenses

Margins: Pre-tax margin rose to 20.3% from 12.3%, and adjusted pre-tax margin to 21.8% from 18.1%, primarily due to improved operating leverage on higher net revenues.

Watch Items from the Filing

Two FINRA customer arbitrations filed May 2026 over Crown Capital note offerings; claimants purchased $158.3M of notes. No loss contingency accrued; loss range not estimable.
Company accrued $9.7 million for a settlement in principle in the variable rate demand note litigation; litigation-related accruals were $8.5 million for the first half.
Fixed income services fell 13.8% to $48.6M on rate uncertainty and a flattening yield curve; management expects Q3 revenues similar to Q2.
Management expects Q3 equity brokerage revenues to follow historical seasonal decline and Q3 municipal financing to decline from the robust second quarter.
Uncollateralized derivative credit exposure of $3.9M across three counterparties, with one counterparty representing 89.1%, or $3.5M, of that exposure.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →

Key Metrics

Revenue

Q2 2026

EDGAR

Net Income

Q2 2026

EDGAR

EPS (Diluted)

Q2 2026

EDGAR

Operating Margin

Q2 2026

EDGAR

ROIC

Q2 2026

EDGAR

Free Cash Flow

Q2 2026

EDGAR

Debt/Equity

Q2 2026

EDGAR

Financial Trends

Revenue & Net Income

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Earnings Per Share

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PIPER SANDLER COMPANIES reported revenue, net income and margins by fiscal period, from SEC filings.
Period	Form	Revenue	Net income	Op. marginOperating margin
FY 2025	10-K	$1.9B	$281.3M	19.7%
FY 2024	10-K	$1.5B	$181.1M	14.3%
FY 2023	10-K	$1.4B	$85.5M	9.0%
FY 2022	10-K	$1.4B	$110.7M	9.4%
FY 2021	10-K	$2.0B	$278.5M	21.6%
FY 2020	10-K	$1.3B	$40.5M	5.5%

About PIPER SANDLER COMPANIES (PIPR): stock profile, AI score and financials

PIPER SANDLER COMPANIES (PIPR) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores PIPR at 72.7/100 on a composite quality score built from its SEC filings, placing it at rank #140 of 2,925 stocks — the top 5% of the AI-ranked universe. PIPR scores in the top quartile across balance sheet strength (92.2), revenue growth (81.3), free cash flow (77.2). Shareholder dilution risk is elevated at 20.8/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), PIPER SANDLER COMPANIES reports quarterly revenue of $496.3M, net income of $67.8M, an operating margin of 20.2%. Top institutional holders of PIPR by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, Invesco Ltd., based on the most recent SEC filings. PIPR trades on the NYSE exchange and files with the SEC under CIK 1230245. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate PIPR daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for PIPER SANDLER COMPANIES directly from SEC EDGAR.

Financials through the period ended Jun 30, 2026SEC EDGAR: CIK 1230245 →

PIPER SANDLER COMPANIES PIPR

Top Institutional Holders

What's Driving PIPR's Business? Latest 10-Q Breakdown

Biggest Revenue Drivers

Biggest Revenue Drivers

Largest Expense Items

Watch Items from the Filing

Key Metrics

Financial Trends

Revenue & Net Income

Earnings Per Share

PIPR key financials by period

PIPR insiders

About PIPER SANDLER COMPANIES (PIPR): stock profile, AI score and financials

PIPER SANDLER COMPANIES PIPR

Top Institutional Holders

What's Driving PIPR's Business? Latest 10-Q Breakdown

Biggest Revenue Drivers

Key Metrics

Financial Trends

Revenue & Net Income

Earnings Per Share

PIPR key financials by period

Companies similar to PIPR

PIPR insiders

About PIPER SANDLER COMPANIES (PIPR): stock profile, AI score and financials