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.
Middle Market Moat | Piper Sandler's strategic focus on middle markets has created a defensible position, fostering strong relationships with private equity clients and driving growth |
Resilient Performance | Despite market volatility, Piper Sandler exceeded expectations with Q1 2025 adjusted EPS of $4.09, showcasing the strength of its diversified business model |
Growth Trajectory | Analysts project potential for over $2 billion in investment banking revenue, with price targets reflecting confidence in long-term growth despite near-term challenges |
Strategic Expansion | Piper Sandler's expansion into new sectors and products, including continuation vehicles and GP advisory services, positions it for future success in evolving markets |
Metrics to compare | PIPR | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipPIPRPeersSector | |
---|---|---|---|---|
P/E Ratio | 28.2x | 22.3x | 9.7x | |
PEG Ratio | 0.51 | 0.47 | 0.03 | |
Price/Book | 4.8x | 1.5x | 1.0x | |
Price / LTM Sales | 3.7x | 1.9x | 2.9x | |
Upside (Analyst Target) | −0.3% | 3.7% | 9.5% | |
Fair Value Upside | Unlock | 2.5% | 0.7% | Unlock |