Piper Sandler Companies (PIPR) reported second-quarter 2026 results, with U.S. GAAP net revenues of $495.5 million, up 25% from the prior-year quarter. Net income attributable to Piper Sandler Companies was $67.8 million, and diluted earnings per common share were $0.95.
The company said advisory services produced record second-quarter revenues of $274 million, while municipal financing revenues reached $50 million. Piper Sandler also declared a quarterly cash dividend of $0.20 per share.
- Second-quarter total revenues were $496.3 million, compared with $398.6 million a year earlier.
- Net revenues for the first half of 2026 were $970 million, up 29% from the prior-year period.
- Pre-tax margin was 20.3%, compared with 12.3% in the second quarter of 2025.
- The quarterly dividend is payable September 11, 2026, to shareholders of record as of August 28, 2026.
- The company returned $215 million to shareholders in the first half through dividends and share repurchases.
$PIPR Insider Trading Activity
$PIPR insiders have traded $PIPR stock on the open market 8 times in the past 6 months. Of those trades, 0 have been purchases and 8 have been sales.
Here’s a breakdown of recent trading of $PIPR stock by insiders over the last 6 months:
- JONATHAN J DOYLE (Hd of Financial Services Group) has made 0 purchases and 6 sales selling 90,000 shares for an estimated $7,096,012.
- DEBBRA L. SCHONEMAN (President) has made 0 purchases and 2 sales selling 5,240 shares for an estimated $1,839,213.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$PIPR Hedge Fund Activity
We have seen 313 institutional investors add shares of $PIPR stock to their portfolio, and 27 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. added 10,428,947 shares (+inf%) to their portfolio in Q1 2026, for an estimated $798,335,892
- STATE STREET CORP added 2,786,061 shares (+inf%) to their portfolio in Q1 2026, for an estimated $213,272,969
- GEODE CAPITAL MANAGEMENT, LLC added 1,631,465 shares (+inf%) to their portfolio in Q1 2026, for an estimated $124,888,645
- GOLDMAN SACHS GROUP INC added 1,467,495 shares (+inf%) to their portfolio in Q1 2026, for an estimated $112,336,742
- DIMENSIONAL FUND ADVISORS LP added 1,375,565 shares (+inf%) to their portfolio in Q1 2026, for an estimated $105,299,500
- ALLIANCEBERNSTEIN L.P. added 1,138,136 shares (+inf%) to their portfolio in Q1 2026, for an estimated $87,124,310
- WESTWOOD HOLDINGS GROUP INC added 1,111,662 shares (+inf%) to their portfolio in Q1 2026, for an estimated $85,097,726
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
