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PIPR 
Piper Sandler Companies (PIPR)
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Upturn Advisory Summary
11/05/2025: PIPR (2-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Number of Analysts
4 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $382
1 Year Target Price $382
| 0 | Strong Buy |
| 0 | Buy |
| 4 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 56.28% | Avg. Invested days 53 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 11/05/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 5.85B USD | Price to earnings Ratio 24.69 | 1Y Target Price 382 |
Price to earnings Ratio 24.69 | 1Y Target Price 382 | ||
Volume (30-day avg) 4 | Beta 1.55 | 52 Weeks Range 201.97 - 374.77 | Updated Date 11/6/2025 |
52 Weeks Range 201.97 - 374.77 | Updated Date 11/6/2025 | ||
Dividends yield (FY) 0.79% | Basic EPS (TTM) 13.31 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-10-24 | When Before Market | Estimate 3.05 | Actual 3.82 |
Profitability
Profit Margin 13.77% | Operating Margin (TTM) 24.29% |
Management Effectiveness
Return on Assets (TTM) 8.32% | Return on Equity (TTM) 11.78% |
Valuation
Trailing PE 24.69 | Forward PE - | Enterprise Value 5162237952 | Price to Sales(TTM) 3.41 |
Enterprise Value 5162237952 | Price to Sales(TTM) 3.41 | ||
Enterprise Value to Revenue 3.99 | Enterprise Value to EBITDA - | Shares Outstanding 17800000 | Shares Floating 16165099 |
Shares Outstanding 17800000 | Shares Floating 16165099 | ||
Percent Insiders 2.34 | Percent Institutions 88.35 |
Upturn AI SWOT
Piper Sandler Companies
Company Overview
History and Background
Piper Sandler Companies, formerly Piper Jaffray, was founded in 1895. It has evolved from a municipal bond firm to a full-service investment bank, focusing on middle-market businesses. Key milestones include strategic acquisitions and expansion into various sectors.
Core Business Areas
- Investment Banking: Provides advisory services, including mergers and acquisitions, equity and debt financing, and restructuring, primarily for middle-market companies.
- Institutional Brokerage: Offers equity and fixed income sales, trading, and research services to institutional investors.
- Asset Management: Manages assets for institutions, foundations, and high-net-worth individuals.
- Public Finance: Provides underwriting and advisory services to municipalities and other public entities.
Leadership and Structure
The CEO is Chad R. Piper Sandler Companies operates with a typical investment banking structure, with divisions for investment banking, sales & trading, and research. A board of directors provides oversight.
Top Products and Market Share
Key Offerings
- Mergers & Acquisitions (M&A) Advisory: Provides advisory services for companies looking to buy, sell, or merge with other businesses. Piper Sandler focuses primarily on the middle market. Competitors include Houlihan Lokey, Robert W. Baird & Co., and William Blair & Company. Market share data is fragmented, specific figures fluctuate based on deal volume.
- Equity Underwriting: Helps companies raise capital through initial public offerings (IPOs) and follow-on offerings. Competitors include Jefferies, Raymond James, and Stifel. Revenue from underwriting varies significantly from year to year depending on market conditions. Market share is generally between 2-4%.
- Debt Capital Markets: Assists companies in raising capital through debt offerings, including bonds and loans. Competitors include Baird, Truist, and KeyBanc. Market share is generally between 1-3%.
Market Dynamics
Industry Overview
The investment banking industry is highly competitive and cyclical, influenced by economic conditions, interest rates, and regulatory changes. Consolidation continues to be a trend.
Positioning
Piper Sandler is positioned as a leading investment bank for middle-market companies, particularly in the healthcare, financial services, energy and technology sectors. Its competitive advantage lies in its sector expertise and strong relationships with middle-market businesses.
Total Addressable Market (TAM)
The TAM for investment banking is billions of dollars annually, influenced by global M&A activity and capital market issuances. Piper Sandleru2019s focus on the middle market allows them to capture a significant portion of this TAM. However, they can only capture market in sectors they specialze.
Upturn SWOT Analysis
Strengths
- Strong middle-market focus
- Sector expertise (healthcare, financial services, etc.)
- Experienced professionals
- Strong client relationships
- Solid reputation
Weaknesses
- Smaller scale compared to bulge-bracket banks
- Dependence on cyclical investment banking activity
- Geographic concentration
- Exposure to deal failures
- Sensitivity to economic downturns
Opportunities
- Expanding sector coverage
- Growing middle-market activity
- Strategic acquisitions
- Increasing cross-selling opportunities
- Capitalizing on regulatory changes
Threats
- Increased competition
- Economic downturns
- Regulatory changes
- Market volatility
- Loss of key personnel
Competitors and Market Share
Key Competitors
- HLI
- RJF
- WDR
Competitive Landscape
Piper Sandler faces competition from larger bulge-bracket banks and other middle-market investment banks. Its strengths include sector expertise and strong client relationships. Its weaknesses include smaller scale and dependence on cyclical activity.
Major Acquisitions
Cornerstone Macro
- Year: 2022
- Acquisition Price (USD millions): 45
- Strategic Rationale: Expanded Piper Sandler's research capabilities into macro strategy, offering clients broader insights and enhancing investment strategies.
Growth Trajectory and Initiatives
Historical Growth: Piper Sandler has grown through organic expansion and strategic acquisitions. Growth has been cyclical, depending on market conditions.
Future Projections: Analyst estimates project moderate revenue growth, driven by continued strength in middle-market M&A and capital markets activity.
Recent Initiatives: Recent initiatives include expansion into new sectors, strategic acquisitions, and investments in technology and talent.
Summary
Piper Sandler is a well-established middle-market investment bank with a strong reputation in specific sectors. The company's financial performance is cyclical and dependent on market conditions. They should focus on strategic expansion and managing market volatility. Piper Sandler is a solid company, however, they need to protect themselves from market downturns.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Piper Sandler Company filings
- Analyst reports
- Industry publications
- Company Press Releases
Disclaimers:
This analysis is based on publicly available information and analyst estimates. Actual results may vary. The ratings are AI-based and should not be considered investment advice.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Piper Sandler Companies
Exchange NYSE | Headquaters Minneapolis, MN, United States | ||
IPO Launch date 2004-01-02 | Chairman, CEO & Head of Financial Services Mr. Chad R. Abraham | ||
Sector Financial Services | Industry Capital Markets | Full time employees 1836 | Website https://www.pipersandler.com |
Full time employees 1836 | Website https://www.pipersandler.com | ||
Piper Sandler Companies operates as an investment bank and institutional securities firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally. It offers investment banking services, institutional sales, and trading services for various equity and fixed income products; research services; advisory services, such as mergers and acquisitions, equity and debt financings, private capital advisory, equity and debt private placements, and debt and restructuring advisory; municipal financial advisory and loan placement services; and various over-the-counter derivative products, as well as underwrites municipal issuances. The company also provides public finance investment banking services that focus on state and local governments, special districts and development infrastructure, project finance, and cultural and social service non-profit entities, as well as the education, healthcare, hospitality, senior living, housing, and transportation sectors. In addition, it offers equity and fixed income advisory and trade execution services for institutional investors, corporations, and government and non-profit entities. Further, the company has alternative asset management funds in merchant banking and healthcare to invest firm capital and to manage capital from outside investors. The company was formerly known as Piper Jaffray Companies and changed its name to Piper Sandler Companies in January 2020. Piper Sandler Companies was founded in 1895 and is headquartered in Minneapolis, Minnesota.
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