PIPER SANDLER COMPANIES
PIPR · Security Brokers, Dealers & Flotation Companies · 71.0M shares · +5%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: -$23M (gross $71M, SBC $94M)
Reference price $79.24 · est. market cap ~$5.6B — last insider sale, 2026-05-05 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B76Piper Sandler — advisory-led investment bank with strong returns.
Strengths
- ROA 95th pct, ROE 20.5% (69th); net income up sharply
- Diversified advisory + capital-markets franchise
Risks
- Deal-flow/capital-markets cyclicality
- Compensation-cost leverage
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Net margin
14.8%
Return on equity
20.5%
Return on assets
10.9%
Revenue growth (QoQ)
-28.8%
Net-income growth
55.3%
Tangible book value
$952M
Stock comp / revenue
6.5%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-12 | Gallo Ann C | Grant | 20 | — |
| 2026-06-12 | Sterling Brian R | Grant | 31 | — |
| 2026-06-12 | Mitchell Robbin | Grant | 40 | — |
| 2026-06-12 | SORAN PHILIP | Grant | 206 | — |
| 2026-06-12 | HOLT VICTORIA M | Grant | 76 | — |
| 2026-06-12 | TAYLOR SCOTT C | Grant | 87 | — |
| 2026-05-20 | Mitchell Robbin | Grant | 1.9K | — |
| 2026-05-20 | Sterling Brian R | Grant | 1.9K | — |
| 2026-05-20 | SCHREIER THOMAS S JR | Grant | 1.9K | — |
| 2026-05-20 | TAYLOR SCOTT C | Grant | 1.9K | — |
| 2026-05-20 | SORAN PHILIP | Grant | 1.9K | — |
| 2026-05-20 | ESSIG STUART | Grant | 1.9K | — |
| 2026-05-20 | HOLT VICTORIA M | Grant | 1.9K | — |
| 2026-05-20 | Gallo Ann C | Grant | 1.9K | — |
| 2026-05-05 | Doyle Jonathan J | Sell | 6.1K | $79.24 |
| 2026-05-05 | Doyle Jonathan J | Sell | 39K | $80.66 |
| 2026-05-05 | Doyle Jonathan J | Sell | 300 | $81.08 |
| 2026-05-04 | Doyle Jonathan J | Sell | 25K | $77.54 |
| 2026-05-04 | Doyle Jonathan J | Sell | 300 | $78.25 |
| 2026-05-04 | Doyle Jonathan J | Sell | 19K | $76.78 |
| 2026-03-31 | SORAN PHILIP | Grant | 323 | — |
| 2026-03-31 | Gallo Ann C | Grant | 323 | — |
| 2026-03-31 | Sterling Brian R | Grant | 323 | — |
| 2026-03-13 | Gallo Ann C | Grant | 28 | — |
| 2026-03-13 | Mitchell Robbin | Grant | 69 | — |
| 2026-03-13 | Sterling Brian R | Grant | 59 | — |
| 2026-03-13 | TAYLOR SCOTT C | Grant | 161 | — |
| 2026-03-13 | SORAN PHILIP | Grant | 391 | — |
| 2026-03-13 | HOLT VICTORIA M | Grant | 139 | — |
| 2026-02-26 | Dillahunt Michael R | Grant | 8.6K | — |
| 2026-02-26 | Dillahunt Michael R | Tax withheld | 3.9K | — |
| 2026-02-26 | Doyle Jonathan J | Grant | 14K | — |
| 2026-02-26 | Doyle Jonathan J | Tax withheld | 5.9K | — |
| 2026-02-26 | Baker James P | Grant | 7.4K | — |
| 2026-02-26 | Baker James P | Tax withheld | 2.9K | — |
| 2026-02-26 | Geelan John W | Grant | 1.8K | — |
| 2026-02-26 | Geelan John W | Tax withheld | 824 | — |
| 2026-02-26 | Abraham Chad R | Grant | 20K | — |
| 2026-02-26 | Abraham Chad R | Tax withheld | 9.2K | — |
| 2026-02-26 | Schoneman Debbra L. | Grant | 6.2K | — |
| 2026-02-26 | Schoneman Debbra L. | Tax withheld | 2.8K | — |
| 2026-02-26 | PELTIER JEAN-PAUL M | Grant | 6.7K | — |
| 2026-02-26 | PELTIER JEAN-PAUL M | Tax withheld | 3.1K | — |
| 2026-02-17 | Abraham Chad R | Tax withheld | 459 | — |
| 2026-02-17 | Clune Katherine Patricia | Grant | 1.5K | — |
| 2026-02-17 | Clune Katherine Patricia | Tax withheld | 352 | — |
| 2026-02-17 | Clune Katherine Patricia | Tax withheld | 109 | — |
| 2026-02-17 | Dillahunt Michael R | Grant | 2.4K | — |
| 2026-02-17 | Dillahunt Michael R | Tax withheld | 309 | — |
| 2026-02-17 | Dillahunt Michael R | Tax withheld | 308 | — |
| 2026-02-17 | Dillahunt Michael R | Tax withheld | 184 | — |
| 2026-02-17 | Doyle Jonathan J | Grant | 1.8K | — |
| 2026-02-17 | Doyle Jonathan J | Tax withheld | 628 | — |
| 2026-02-17 | Doyle Jonathan J | Tax withheld | 385 | — |
| 2026-02-17 | Doyle Jonathan J | Tax withheld | 240 | — |
| 2026-02-17 | Baker James P | Grant | 2.4K | — |
| 2026-02-17 | Baker James P | Tax withheld | 211 | — |
| 2026-02-17 | Baker James P | Tax withheld | 215 | — |
| 2026-02-17 | Baker James P | Tax withheld | 113 | — |
| 2026-02-17 | Geelan John W | Grant | 505 | — |
| 2026-02-17 | Geelan John W | Tax withheld | 65 | — |
| 2026-02-17 | Geelan John W | Tax withheld | 50 | — |
| 2026-02-17 | Geelan John W | Tax withheld | 34 | — |
| 2026-02-17 | Abraham Chad R | Grant | 5.0K | — |
| 2026-02-17 | Abraham Chad R | Tax withheld | 1.1K | — |
| 2026-02-17 | Abraham Chad R | Tax withheld | 689 | — |
| 2026-02-17 | Schoneman Debbra L. | Grant | 1.5K | — |
| 2026-02-17 | Schoneman Debbra L. | Tax withheld | 331 | — |
| 2026-02-17 | Schoneman Debbra L. | Tax withheld | 196 | — |
| 2026-02-17 | Schoneman Debbra L. | Tax withheld | 150 | — |
| 2026-02-17 | PELTIER JEAN-PAUL M | Tax withheld | 1.3K | — |
| 2026-02-17 | PELTIER JEAN-PAUL M | Tax withheld | 732 | — |
| 2026-02-17 | PELTIER JEAN-PAUL M | Tax withheld | 104 | — |
| 2026-02-11 | Schoneman Debbra L. | Sell | 81 | $350.03 |
| 2026-02-11 | Schoneman Debbra L. | Option exercise | 5.2K | $99.00 |
| 2026-02-11 | Schoneman Debbra L. | Sell | 5.2K | $351.01 |
| 2026-02-04 | ESSIG STUART | Grant | 175 | — |
| 2025-12-31 | Gallo Ann C | Grant | 75 | — |
| 2025-12-31 | Sterling Brian R | Grant | 75 | — |
| 2025-12-31 | SORAN PHILIP | Grant | 75 | — |
| 2025-12-12 | Gallo Ann C | Grant | 3 | — |
| 2025-12-12 | Mitchell Robbin | Grant | 7 | — |
| 2025-12-12 | Sterling Brian R | Grant | 6 | — |
| 2025-12-12 | TAYLOR SCOTT C | Grant | 16 | — |
| 2025-12-12 | SORAN PHILIP | Grant | 38 | — |
| 2025-12-12 | HOLT VICTORIA M | Grant | 14 | — |
| 2025-11-28 | Abraham Chad R | Sell | 1.6K | $336.94 |
| 2025-11-28 | Abraham Chad R | Sell | 1.4K | $335.36 |
| 2025-11-28 | Abraham Chad R | Option exercise | 3.0K | $99.00 |
| 2025-11-26 | Abraham Chad R | Sell | 1.6K | $337.65 |
| 2025-11-26 | Abraham Chad R | Option exercise | 4.4K | $99.00 |
| 2025-11-26 | Abraham Chad R | Sell | 1.6K | $336.87 |
| 2025-11-26 | Abraham Chad R | Sell | 1.2K | $338.55 |
| 2025-11-21 | Clune Katherine Patricia | Sell | 1.4K | $324.69 |
| 2025-11-18 | SORAN PHILIP | Sell | 598 | $317.05 |
| 2025-11-14 | Clune Katherine Patricia | Tax withheld | 1.5K | — |
| 2025-11-05 | Schoneman Debbra L. | Option exercise | 2.5K | $99.00 |
| 2025-11-05 | Schoneman Debbra L. | Sell | 700 | $328.68 |
| 2025-11-05 | Schoneman Debbra L. | Sell | 443 | $330.09 |
| 2025-11-05 | Schoneman Debbra L. | Sell | 1.2K | $331.19 |
| 2025-11-05 | Schoneman Debbra L. | Sell | 120 | $331.98 |
| 2025-09-30 | Gallo Ann C | Grant | 73 | — |
| 2025-09-30 | Sterling Brian R | Grant | 73 | — |
| 2025-09-30 | SORAN PHILIP | Grant | 73 | — |
| 2025-09-12 | TAYLOR SCOTT C | Grant | 17 | — |
| 2025-09-12 | Gallo Ann C | Grant | 3 | — |
| 2025-09-12 | Mitchell Robbin | Grant | 7 | — |
| 2025-09-12 | Sterling Brian R | Grant | 6 | — |
| 2025-09-12 | SORAN PHILIP | Grant | 39 | — |
| 2025-09-12 | HOLT VICTORIA M | Grant | 14 | — |
| 2025-08-11 | Geelan John W | Sell | 366 | $321.46 |
| 2025-08-11 | Geelan John W | Sell | 1.6K | $322.96 |
| 2025-08-06 | Abraham Chad R | Sell | 344 | $321.95 |
| 2025-08-06 | Abraham Chad R | Sell | 4.0K | $323.10 |
| 2025-08-06 | Abraham Chad R | Sell | 1.9K | $324.27 |
| 2025-08-06 | Abraham Chad R | Sell | 1.6K | $324.88 |
| 2025-08-06 | Abraham Chad R | Sell | 32 | $326.23 |
| 2025-08-06 | Abraham Chad R | Option exercise | 8.0K | $99.00 |
| 2025-08-05 | TAYLOR SCOTT C | Sell | 2.6K | $319.86 |
| 2025-08-05 | Abraham Chad R | Option exercise | 10K | $99.00 |
| 2025-08-05 | Abraham Chad R | Sell | 185 | $315.09 |
| 2025-08-05 | Abraham Chad R | Sell | 1.4K | $316.23 |
| 2025-08-05 | Abraham Chad R | Sell | 2.3K | $317.17 |
| 2025-08-05 | Abraham Chad R | Sell | 1.2K | $318.37 |
| 2025-08-05 | Abraham Chad R | Sell | 990 | $319.98 |
| 2025-08-05 | Abraham Chad R | Sell | 2.0K | $321.42 |
| 2025-08-05 | Abraham Chad R | Sell | 2.0K | $322.47 |
| 2025-08-04 | Doyle Jonathan J | Sell | 525 | $314.73 |
| 2025-08-04 | Doyle Jonathan J | Sell | 1.3K | $316.20 |
| 2025-08-04 | Doyle Jonathan J | Sell | 579 | $317.56 |
| 2025-08-04 | Doyle Jonathan J | Sell | 1.1K | $318.19 |
| 2025-06-30 | SORAN PHILIP | Grant | 90 | — |
| 2025-06-30 | Sterling Brian R | Grant | 90 | — |
| 2025-06-30 | Gallo Ann C | Grant | 90 | — |
| 2025-06-13 | FITZGERALD WILLIAM R | Grant | 62 | — |
| 2025-06-13 | Sterling Brian R | Grant | 7 | — |
| 2025-06-13 | SORAN PHILIP | Grant | 49 | — |
| 2025-06-13 | TAYLOR SCOTT C | Grant | 21 | — |
| 2025-06-13 | SMITH SHERRY M | Grant | 25 | — |
| 2025-06-13 | Mitchell Robbin | Grant | 9 | — |
| 2025-06-13 | HOLT VICTORIA M | Grant | 18 | — |
| 2025-06-13 | Gallo Ann C | Grant | 3 | — |
| 2025-05-22 | Gallo Ann C | Grant | 598 | — |
| 2025-05-22 | HOLT VICTORIA M | Grant | 598 | — |
| 2025-05-22 | Mitchell Robbin | Grant | 598 | — |
| 2025-05-22 | SMITH SHERRY M | Grant | 598 | — |
| 2025-05-22 | SCHREIER THOMAS S JR | Grant | 598 | — |
| 2025-05-22 | Sterling Brian R | Grant | 598 | — |
| 2025-05-22 | TAYLOR SCOTT C | Grant | 598 | — |
| 2025-05-22 | SORAN PHILIP | Grant | 598 | — |
| 2025-05-16 | Baker James P | Buy | 2.0K | $267.32 |
| 2025-05-16 | Baker James P | Grant | 2.0K | $267.32 |
| 2025-03-31 | Sterling Brian R | Grant | 100 | — |
| 2025-03-31 | SORAN PHILIP | Grant | 100 | — |
| 2025-03-31 | Gallo Ann C | Grant | 100 | — |
| 2025-03-14 | FITZGERALD WILLIAM R | Grant | 337 | — |
| 2025-03-14 | TAYLOR SCOTT C | Grant | 113 | — |
| 2025-03-14 | Sterling Brian R | Grant | 37 | — |
| 2025-03-14 | SORAN PHILIP | Grant | 268 | — |
| 2025-03-14 | SMITH SHERRY M | Grant | 129 | — |
| 2025-03-14 | Mitchell Robbin | Grant | 40 | — |
| 2025-03-14 | HOLT VICTORIA M | Grant | 89 | — |
| 2025-03-14 | Gallo Ann C | Grant | 6 | — |
| 2025-02-27 | Schoneman Debbra L. | Grant | 6.7K | — |
| 2025-02-27 | Schoneman Debbra L. | Tax withheld | 3.1K | — |
| 2025-02-27 | Geelan John W | Grant | 1.6K | — |
| 2025-02-27 | Geelan John W | Tax withheld | 738 | — |
| 2025-02-27 | Dillahunt Michael R | Grant | 7.3K | — |
| 2025-02-27 | Dillahunt Michael R | Tax withheld | 3.3K | — |
| 2025-02-27 | Doyle Jonathan J | Grant | 6.9K | — |
| 2025-02-27 | Doyle Jonathan J | Tax withheld | 2.8K | — |
| 2025-02-27 | Baker James P | Grant | 7.7K | — |
| 2025-02-27 | Baker James P | Tax withheld | 3.0K | — |
| 2025-02-27 | Abraham Chad R | Grant | 27K | — |
| 2025-02-27 | Abraham Chad R | Tax withheld | 12K | — |
| 2025-02-16 | Baker James P | Tax withheld | 473 | — |
| 2025-02-16 | Schoneman Debbra L. | Tax withheld | 502 | — |
| 2025-02-16 | Schoneman Debbra L. | Tax withheld | 331 | — |
| 2025-02-16 | Schoneman Debbra L. | Tax withheld | 196 | — |
| 2025-02-16 | Geelan John W | Tax withheld | 117 | — |
| 2025-02-16 | Geelan John W | Tax withheld | 65 | — |
| 2025-02-16 | Geelan John W | Tax withheld | 50 | — |
| 2025-02-16 | Doyle Jonathan J | Tax withheld | 1.4K | — |
| 2025-02-16 | Doyle Jonathan J | Tax withheld | 696 | — |
| 2025-02-16 | Doyle Jonathan J | Tax withheld | 385 | — |
| 2025-02-16 | Dillahunt Michael R | Tax withheld | 548 | — |
| 2025-02-16 | Dillahunt Michael R | Tax withheld | 385 | — |
| 2025-02-16 | Dillahunt Michael R | Tax withheld | 207 | — |
| 2025-02-16 | Clune Katherine Patricia | Tax withheld | 356 | — |
| 2025-02-16 | Baker James P | Tax withheld | 211 | — |
| 2025-02-16 | Baker James P | Tax withheld | 165 | — |
| 2025-02-16 | Abraham Chad R | Tax withheld | 2.0K | — |
| 2025-02-16 | Abraham Chad R | Tax withheld | 1.1K | — |
| 2025-02-16 | Abraham Chad R | Tax withheld | 689 | — |
| 2025-02-15 | Schoneman Debbra L. | Grant | 1.3K | — |
| 2025-02-15 | Abraham Chad R | Grant | 4.0K | — |
| 2025-02-15 | Geelan John W | Grant | 433 | — |
| 2025-02-15 | Doyle Jonathan J | Grant | 2.3K | — |
| 2025-02-15 | Dillahunt Michael R | Grant | 1.9K | — |
| 2025-02-15 | Clune Katherine Patricia | Grant | 1.2K | — |
| 2025-02-15 | Baker James P | Grant | 1.9K | — |
| 2025-02-14 | SMITH SHERRY M | Sell | 246 | $305.07 |
| 2025-02-14 | SMITH SHERRY M | Sell | 2.2K | $305.19 |
| 2025-02-14 | SMITH SHERRY M | Gift | 400 | — |
| 2025-02-13 | Schoneman Debbra L. | Sell | 3.8K | $297.95 |
| 2025-02-13 | Schoneman Debbra L. | Option exercise | 15K | $99.00 |
| 2025-02-13 | Schoneman Debbra L. | Sell | 306 | $300.45 |
| 2025-02-13 | Schoneman Debbra L. | Sell | 9.4K | $300.10 |
| 2025-02-13 | Schoneman Debbra L. | Sell | 1.5K | $299.02 |
| 2025-01-17 | Doyle Jonathan J | Tax withheld | 17K | — |
| 2024-12-31 | SORAN PHILIP | Grant | 85 | — |
| 2024-12-31 | TAYLOR SCOTT C | Grant | 93 | — |
| 2024-12-31 | Sterling Brian R | Grant | 85 | — |
| 2024-12-31 | Gallo Ann C | Grant | 85 | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-21 | Shareholder vote | filing ↗ |
| 2026-05-01 | ResultsExhibits | filing ↗ |
| 2026-03-23 | 5.03OtherExhibits | filing ↗ |
| 2026-02-06 | ResultsOtherExhibits | filing ↗ |
| 2026-02-04 | Exec/director changeReg FDExhibits | filing ↗ |
| 2025-10-31 | ResultsExhibits | filing ↗ |
| 2025-08-01 | ResultsExhibits | filing ↗ |
| 2025-05-22 | Shareholder vote | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-21 | 2026-05-20 | 0001230245-26-000025 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001230245-26-000022 ↗ |
| 8-K | 2026-05-01 | 2026-05-01 | 0001230245-26-000019 ↗ |
| 8-K | 2026-03-23 | 2026-03-23 | 0001104659-26-033351 ↗ |
| 10-K | 2026-02-26 | 2025-12-31 | 0001230245-26-000013 ↗ |
| 8-K | 2026-02-06 | 2026-02-06 | 0001230245-26-000008 ↗ |
| 8-K | 2026-02-04 | 2026-02-04 | 0001230245-26-000005 ↗ |
| 10-Q | 2025-11-04 | 2025-09-30 | 0001230245-25-000144 ↗ |
| 8-K | 2025-10-31 | 2025-10-31 | 0001230245-25-000141 ↗ |
| 10-Q | 2025-08-06 | 2025-06-30 | 0001230245-25-000137 ↗ |
| 8-K | 2025-08-01 | 2025-08-01 | 0001230245-25-000132 ↗ |
| 8-K | 2025-05-22 | 2025-05-22 | 0001230245-25-000086 ↗ |