What is the 13F Pro Quality Score for PIPR?

13F Pro ranks PIPER SANDLER COMPANIES (PIPR) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View PIPR's current score at https://13fpro.ai/company/PIPR (free sign-up required for the full ranking).

Which hedge funds own the most PIPR stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of PIPR include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, Invesco Ltd.. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/PIPR as soon as new 13F filings post.

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.

What sector is PIPR in?

PIPER SANDLER COMPANIES (PIPR) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

What drives PIPR's revenue?

Per PIPER SANDLER COMPANIES's latest 10-Q filed with the SEC on 2026-08-05, the biggest revenue drivers are: Investment banking ($361.5M, +28.7% YoY); Institutional brokerage ($111.5M, -2.6% YoY); Advisory services ($274.2M, +33.9% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/PIPR.

What are PIPR's largest expenses?

PIPER SANDLER COMPANIES's latest 10-Q reports these as the largest expense items: Compensation and benefits ($308.7M, +19.6% YoY); Occupancy and equipment ($19.6M, +12.4% YoY); Outside services ($16.8M, -19.8% YoY). Sourced directly from SEC EDGAR filing text for Q2 2026 (quarter ended June 30, 2026).

How often is PIPR research updated on 13F Pro?

PIPR's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

PIPER SANDLER COMPANIES(PIPR)Stock Analysis

AI analysis on 2,800+ stocks →Deep AI analysis on 2,800+ stocks →

Financials →NYSEmid

Institutional-grade research for retail investors

SEC EDGAR: CIK 1230245 PIPR stock profile & AI dashboard →

13F Pro Quality Score

72.6/100

Rank #151 of 2,961 stocksTOP 10%

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

80.6/100

Profitability

74.1/100

Balance Sheet

92.1/100

Earnings Quality

71.8/100

Free Cash Flow

77.5/100

Institutional Flow

58.4/100

Revenue Scale

64.3/100

Dilution Risk

21.4/100

Email me the moment this company reports earnings

AI Research Report

Two-page plain-English analysis: business, thesis, and three scenarios for the next two years. Refreshed every quarter.

Upgrade to Pro

Pro: 5 reports/month · Pro+: unlimitedOpinion, not investment advice. Do your own research.

Why PIPR Scores 73/100

exact factor attribution · 2026-09-11

PIPR's composite is driven by revenue growth and capital efficiency, held back by shareholder dilution. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Revenue growth

+8.2 pts

81th pct

Capital efficiency

+5.6 pts

92th pct

Profitability

+4.8 pts

74th pct

Free cash flow

+4.1 pts

78th pct

Scale

+2.9 pts

64th pct

Earnings growth

+2.5 pts

88th pct

Earnings quality

+2.2 pts

72th pct

Institutional flow

+0.6 pts

58th pct

Shareholder dilution

-1.9 pts

21th pct

Latest change (2026-08-05): 64 → 64 · ↓ Revenue growth 79→65; ↓ Earnings growth 90→75; despite ↑ Free cash flow 12→21

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

PIPR Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for PIPER SANDLER COMPANIES (PIPR), a Financials sector company. 13F Pro's AI-powered ranking engine scores PIPR at 72.6/100 on a 32-signal composite quality model, placing it at rank #151 of 2,961 stocks — the top 10% of the AI-ranked universe. PIPR scores in the top quartile across balance sheet strength (92.1), revenue growth (80.6), free cash flow (77.5). Shareholder dilution risk is elevated at 21.4/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), PIPER SANDLER COMPANIES reports quarterly revenue of $495.5M, net income of $67.8M, an operating margin of 20.3%. 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. PIPER SANDLER COMPANIES's 13F Pro composite quality score has ranged between 35 and 75 since 2021, currently 72.6 — an improving long-term trajectory across 68 quarterly and live scoring snapshots.

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

✓ 32/32 datapoints verified

AI-extracted from PIPER SANDLER COMPANIES's 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 →Share on X

Revenue

Q2 2026

$495.5M

Net Income

Q2 2026

$67.8M

Operating Margin

Q2 2026

20.3%

ROIC

Q2 2026

28.9%

D/E Ratio

Q2 2026

0.01

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+24.5% YoY

$1.90BFY 2025

FY22 $1.43BFY23 $1.35BFY24 $1.53BFY25 $1.90B

Net Income

+55.3% YoY

$281.3MFY 2025

FY22 $110.7MFY23 $85.5MFY24 $181.1MFY25 $281.3M

EPS (Diluted)

+54.5% YoY

$3.96FY 2025

FY22 $1.63FY23 $1.24FY24 $2.56FY25 $3.96

Total Assets

+14.9% YoY

$2.59BFY 2025

FY22 $2.18BFY23 $2.14BFY24 $2.26BFY25 $2.59B

Total Debt

+50.0% YoY

$15.0MFY 2025

FY22 $125.0MFY23 $30.0MFY24 $10.0MFY25 $15.0M

Op. Cash Flow

+87.3% YoY

$586.6MFY 2025

FY22 $-224.9MFY23 $275.6MFY24 $313.3MFY25 $586.6M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$1.90B +24.5%	$1.53B +13.2%	$1.35B -5.4%	$1.43B -29.8%	$2.03B +64.0%	$1.24B
Net Income	$281.3M +55.3%	$181.1M +111.9%	$85.5M -22.8%	$110.7M -60.3%	$278.5M +587.6%	$40.5M
EPS (Diluted)	$3.96 +54.5%	$2.56 +106.5%	$1.24 -23.9%	$1.63 -60.3%	$4.11 +504.0%	$0.68
Total Assets	$2.59B +14.9%	$2.26B +5.4%	$2.14B -1.9%	$2.18B -15.0%	$2.57B +28.4%	$2.00B
Total Debt	$15.0M +50.0%	$10.0M -66.7%	$30.0M -76.0%	$125.0M +0.0%	$125.0M -35.9%	$195.0M
Operating Cash Flow	$586.6M +87.3%	$313.3M +13.7%	$275.6M +222.6%	$-224.9M -131.8%	$707.1M -9.3%	$779.8M

Get alerted when PIPR's score changes

Free account: watchlist tracking, the daily AI brief, and the AI screener.

Passwordless sign-in · Payments by Stripe · Auth by Clerk

Available Research

13F Pro tracks comprehensive data for PIPER SANDLER COMPANIES including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of PIPR

BlackRock, Inc.
$799.3M11,048,611 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$375.2M5,186,683 sh
Invesco Ltd.
$227.3M3,141,984 sh
VANGUARD CAPITAL MANAGEMENT LLC
$219.8M3,038,326 sh
STATE STREET CORP
$211.2M2,919,922 sh
GEODE CAPITAL MANAGEMENT, LLC
$126.0M1,741,263 sh
GOLDMAN SACHS GROUP INC
$116.9M1,616,193 sh
DIMENSIONAL FUND ADVISORS LP
$103.0M1,424,002 sh
North Reef Capital Management LP
$97.7M1,350,000 sh
WESTWOOD HOLDINGS GROUP INC
$89.5M1,237,090 sh

Fund	Value	Shares
BlackRock, Inc.	$799.3M	11,048,611
VANGUARD PORTFOLIO MANAGEMENT LLC	$375.2M	5,186,683
Invesco Ltd.	$227.3M	3,141,984
VANGUARD CAPITAL MANAGEMENT LLC	$219.8M	3,038,326
STATE STREET CORP	$211.2M	2,919,922
GEODE CAPITAL MANAGEMENT, LLC	$126.0M	1,741,263
GOLDMAN SACHS GROUP INC	$116.9M	1,616,193
DIMENSIONAL FUND ADVISORS LP	$103.0M	1,424,002
North Reef Capital Management LP	$97.7M	1,350,000
WESTWOOD HOLDINGS GROUP INC	$89.5M	1,237,090

Companies Similar to PIPR

Ranked by quality-profile closeness and shared hedge-fund ownership — not just sector membership.

EVR

Evercore Inc.

AI score

Very similar · 22 shared holders

Stephens Investment Management Group LLC WESTWOOD HOLDINGS GROUP INC JACOBS LEVY EQUITY MANAGEMENT, INC

PJT

PJT Partners Inc.

AI score

Similar quality profile · 25 shared holders

LOOMIS SAYLES & CO L P Azora Capital LP TimesSquare Capital Management, LLC

HLI

HOULIHAN LOKEY, INC.

AI score

Similar quality profile · 18 shared holders

Fiera Capital Corp Interval Partners, LP Voleon Capital Management LP

PLMR

Palomar Holdings, Inc.

AI score

Similar quality profile · 16 shared holders

Stephens Investment Management Group LLC EMERALD ADVISERS, LLC EMERALD MUTUAL FUND ADVISERS TRUST

HLNE

Hamilton Lane INC

AI score

Similar quality profile · 17 shared holders

TimesSquare Capital Management, LLC SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC CRAWFORD INVESTMENT COUNSEL INC

VCTR

Victory Capital Holdings, Inc.

AI score

Similar quality profile · 16 shared holders

TimesSquare Capital Management, LLC KENNEDY CAPITAL MANAGEMENT LLC SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC

DAVE

Dave Inc./DE

AI score

Similar quality profile · 13 shared holders

EMERALD ADVISERS, LLC EMERALD MUTUAL FUND ADVISERS TRUST LORD, ABBETT & CO. LLC

Tradeweb Markets Inc.

AI score

Similar quality profile · 10 shared holders

Stephens Investment Management Group LLC Fiera Capital Corp Interval Partners, LP

Similarity is computed from the 8 composite sub-scores and latest-quarter 13F conviction holdings (index-style filers excluded). Refreshed monthly.

More Financials Companies

View all Financials →

AAAU

Goldman Sachs Physical Gold ETF

AAC

Ares Acquisition Corp III

AACB

Artius II Acquisition Inc.

AACI

Armada Acquisition Corp. III

AACO

Abony Acquisition Corp. I

AACP

Apogee Acquisition Corp

AAME

ATLANTIC AMERICAN CORP

AAMI

Acadian Asset Management Inc.

Put PIPR on your watchlist

Track score changes the day PIPER SANDLER COMPANIES files with the SEC, follow the hedge funds that own it, screen 2,800+ AI-scored stocks, and get the daily brief — free.

View Pricing

Free tier includes 13F data, economic indicators, and market overview. Pro starts at $6.67/mo (billed annually).

Passwordless sign-in · Payments by Stripe · Auth by Clerk

Popular Research

AAPL

Apple

MSFT

Microsoft

NVDA

NVIDIA

GOOG

Alphabet

AMZN

Amazon

Is PIPR a good stock to buy?

13F Pro's AI-powered analysis of PIPER SANDLER COMPANIES (PIPR) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for PIPR are available on the PIPR stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. PIPR is classified as a mid company.

Which hedge funds own PIPR?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling PIPR. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of PIPER SANDLER COMPANIES's investment landscape.