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Piper Sandler Companies (PIPR)

Upturn stock ratingUpturn stock rating
$331.61
Last Close (24-hour delay)
Profit since last BUY24.29%
upturn advisory
Consider higher Upturn Star rating
BUY since 65 days
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  • SELL Advisory (Loss)​
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Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
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Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

08/14/2025: PIPR (2-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Number of Analysts

rating

4 Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $335.5

1 Year Target Price $335.5

Analysts Price Target For last 52 week
$335.5 Target price
52w Low $202.39
Current$331.61
52w High $346.37

Analysis of Past Performance

Type Stock
Historic Profit 58.54%
Avg. Invested days 48
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/14/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 5.87B USD
Price to earnings Ratio 27.94
1Y Target Price 335.5
Price to earnings Ratio 27.94
1Y Target Price 335.5
Volume (30-day avg) 4
Beta 1.49
52 Weeks Range 202.39 - 346.37
Updated Date 08/15/2025
52 Weeks Range 202.39 - 346.37
Updated Date 08/15/2025
Dividends yield (FY) 0.77%
Basic EPS (TTM) 11.87

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 2025-08-01
When -
Estimate 2.25
Actual 2.95

Profitability

Profit Margin 13.2%
Operating Margin (TTM) 15.32%

Management Effectiveness

Return on Assets (TTM) 8.32%
Return on Equity (TTM) 11.78%

Valuation

Trailing PE 27.94
Forward PE -
Enterprise Value 5540643840
Price to Sales(TTM) 3.67
Enterprise Value 5540643840
Price to Sales(TTM) 3.67
Enterprise Value to Revenue 3.87
Enterprise Value to EBITDA -
Shares Outstanding 17690500
Shares Floating 17152394
Shares Outstanding 17690500
Shares Floating 17152394
Percent Insiders 2.34
Percent Institutions 83.32

ai summary icon Upturn AI SWOT

Piper Sandler Companies

stock logo

Company Overview

overview logo History and Background

Piper Sandler Companies was founded in 1895 as Piper Jaffray Companies. It has evolved from a regional bond house to a full-service investment bank providing financial advisory and investment banking services.

business area logo Core Business Areas

  • Financial Advisory: Provides M&A advisory, restructuring and special situations advisory, fairness opinions, and valuation services.
  • Investment Banking: Offers underwriting and placement services for equity and debt securities, including IPOs, follow-on offerings, and private placements.
  • Institutional Brokerage: Provides sales, trading, and research services to institutional investors.
  • Asset Management: Manages assets for institutional clients and high-net-worth individuals.

leadership logo Leadership and Structure

The CEO is Chad R. Piper. The company operates with a hierarchical structure with business segments led by senior managing directors.

Top Products and Market Share

overview logo Key Offerings

  • M&A Advisory: Provides advice and execution for mergers, acquisitions, divestitures, and other corporate transactions. Piper Sandler is a key player in the middle market. Competitors include Houlihan Lokey, Baird, and Raymond James. Market share is difficult to pinpoint due to the deal-by-deal nature of M&A, but Piper Sandler is consistently ranked among the top advisors for certain sectors.
  • Equity Underwriting: Underwrites and distributes equity securities for companies. They are particularly strong in financial services and healthcare. Competitors include bulge bracket firms and other middle-market investment banks. Market share varies by year and sector, but Piper Sandler maintains a notable presence.
  • Fixed Income Services: Sales, trading, and underwriting of municipal and corporate debt securities. The firm has a strong presence in municipal finance. Key Competitors include larger firms with a broader array of fixed income products.

Market Dynamics

industry overview logo Industry Overview

The investment banking industry is cyclical, driven by economic conditions, interest rates, and regulatory changes. M&A activity and capital markets activity fluctuate significantly. There is ongoing competition for deals and talent.

Positioning

Piper Sandler is positioned as a leading middle-market investment bank, with a focus on specific sectors like financial services, healthcare, and energy. They leverage their sector expertise to win mandates and build relationships.

Total Addressable Market (TAM)

The TAM for investment banking is very large and estimated to be hundreds of billions of dollars annually. Piper Sandler targets the middle market, a significant portion of this TAM, and is well-positioned through its sector expertise.

Upturn SWOT Analysis

Strengths

  • Strong sector expertise
  • Established middle-market presence
  • Experienced leadership team
  • Solid reputation for advisory services
  • Strong relationships with clients

Weaknesses

  • Smaller scale compared to bulge bracket firms
  • Revenue dependence on market cycles
  • Exposure to deal execution risk
  • Potential talent retention challenges

Opportunities

  • Expand into new sectors
  • Increase cross-selling of services
  • Pursue strategic acquisitions
  • Benefit from industry consolidation
  • Capitalize on growing middle-market activity

Threats

  • Increased competition from larger firms
  • Economic downturns
  • Regulatory changes
  • Rising interest rates
  • Cybersecurity risks

Competitors and Market Share

competitor logo Key Competitors

  • HLI (Houlihan Lokey)
  • WDR (Baird Financial Group)
  • RJF (Raymond James Financial)

Competitive Landscape

Piper Sandler competes effectively in the middle market, leveraging its sector expertise and relationships. Larger firms have broader capabilities but may not focus as much on the middle market.

Major Acquisitions

Cornerstone Macro

  • Year: 2022
  • Acquisition Price (USD millions):
  • Strategic Rationale: Expanded research capabilities and broadened client base.

Growth Trajectory and Initiatives

Historical Growth: Piper Sandler's growth has been driven by organic expansion and strategic acquisitions. Specific growth rates vary year to year.

Future Projections: Analyst projections vary, but generally anticipate continued growth in revenue and earnings, driven by M&A activity and capital markets volumes.

Recent Initiatives: Recent initiatives include investments in technology, expansion into new sectors, and strategic hires.

Summary

Piper Sandler is a well-positioned middle-market investment bank with strong sector expertise. Its strength lies in its advisory and underwriting services within its focused sectors. The company's performance is tied to market cycles, requiring it to manage deal execution risk and talent retention effectively. Strategic initiatives and expansion efforts are crucial for sustained growth.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Piper Sandler Companies Investor Relations Website
  • SEC Filings (10-K, 10-Q)
  • Industry Reports
  • Company Press Releases

Disclaimers:

This analysis is for informational purposes only and should not be considered financial advice. Market data and financial information are subject to change. Analyst estimates are not guaranteed.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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 1845
Full time employees 1845

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.