Piper Sandler Companies (NYSE: PIPR) reported third-quarter 2026 GAAP total revenue of $443.7 million and net income attributable to the company of $55.4 million, or $0.78 per diluted common share.
GAAP net revenues were $443.0 million, down 11% from the second quarter and 8% from a year earlier. Advisory services revenue rose 18% year over year to $250.3 million, while fixed income services revenue increased 5% to $59.8 million.
- GAAP basic EPS was $0.82, compared with $1.00 in the prior quarter and $0.90 a year earlier.
- Net income attributable to Piper Sandler declined 18% sequentially and 8% year over year.
- The company declared a quarterly cash dividend of $0.20 per share, payable December 11 to shareholders of record November 24.
- The board authorized up to $200 million in common-stock repurchases through December 31, 2028.
- Piper Sandler repurchased $39.4 million of common stock during the quarter at an average price of $74.59 per share.
$PIPR Insider Trading Activity
$PIPR insiders have traded $PIPR stock on the open market 6 times in the past 6 months. Of those trades, 0 have been purchases and 6 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.
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 218 institutional investors add shares of $PIPR stock to their portfolio, and 158 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- NORGES BANK added 889,117 shares (+inf%) to their portfolio in Q2 2026, for an estimated $64,318,723
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 861,940 shares (+inf%) to their portfolio in Q2 2026, for an estimated $62,352,739
- JPMORGAN CHASE & CO added 751,863 shares (+inf%) to their portfolio in Q2 2026, for an estimated $54,389,769
- BLACKROCK, INC. added 619,664 shares (+5.9%) to their portfolio in Q2 2026, for an estimated $44,826,493
- INVESCO LTD. added 532,679 shares (+20.4%) to their portfolio in Q2 2026, for an estimated $38,533,998
- FMR LLC removed 476,595 shares (-78.0%) from their portfolio in Q2 2026, for an estimated $34,476,882
- LORD, ABBETT & CO. LLC removed 469,646 shares (-90.4%) from their portfolio in Q2 2026, for an estimated $33,974,191
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.
