Piper Jaffray Companies (PJC) Given Average Recommendation of “Hold” by Analysts

Shares of Piper Jaffray Companies (NYSE:PJC) have received an average rating of “Hold” from the nine analysts that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $32.75.

PJC has been the topic of several research reports. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $86.00 price objective on shares of Piper Jaffray Companies in a research note on Friday, December 22nd. JMP Securities started coverage on shares of Piper Jaffray Companies in a research note on Tuesday, November 7th. They set a “market perform” rating on the stock.

In other Piper Jaffray Companies news, Director Andrew S. Duff sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $93.44, for a total value of $4,672,000.00. Following the sale, the director now owns 238,248 shares in the company, valued at $22,261,893.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Francis E. Iv Fairman sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $96.13, for a total transaction of $961,300.00. Following the completion of the sale, the insider now owns 51,513 shares in the company, valued at approximately $4,951,944.69. The disclosure for this sale can be found here. 5.36% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its stake in shares of Piper Jaffray Companies by 0.4% in the second quarter. PNC Financial Services Group Inc. now owns 2,842 shares of the financial services provider’s stock valued at $170,000 after purchasing an additional 10 shares during the period. Wells Fargo & Company MN increased its stake in shares of Piper Jaffray Companies by 2.4% during the second quarter. Wells Fargo & Company MN now owns 16,003 shares of the financial services provider’s stock valued at $960,000 after acquiring an additional 375 shares during the period. TIAA CREF Investment Management LLC increased its stake in shares of Piper Jaffray Companies by 0.6% during the fourth quarter. TIAA CREF Investment Management LLC now owns 92,450 shares of the financial services provider’s stock valued at $7,974,000 after acquiring an additional 566 shares during the period. GW&K Investment Management LLC increased its stake in shares of Piper Jaffray Companies by 12.7% during the fourth quarter. GW&K Investment Management LLC now owns 6,075 shares of the financial services provider’s stock valued at $524,000 after acquiring an additional 685 shares during the period. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Piper Jaffray Companies by 7.4% during the second quarter. Public Employees Retirement System of Ohio now owns 12,960 shares of the financial services provider’s stock valued at $777,000 after acquiring an additional 889 shares during the period. Institutional investors own 79.74% of the company’s stock.

Shares of Piper Jaffray Companies (NYSE PJC) opened at $89.40 on Tuesday. The firm has a market cap of $1,154.24, a PE ratio of -16.74 and a beta of 1.45. Piper Jaffray Companies has a 12 month low of $52.75 and a 12 month high of $99.80. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.15 and a current ratio of 1.48.

Piper Jaffray Companies (NYSE:PJC) last released its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.35. The firm had revenue of $236.08 million for the quarter. Piper Jaffray Companies had a negative net margin of 7.30% and a positive return on equity of 11.32%.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Monday, February 26th will be paid a $0.375 dividend. The ex-dividend date is Friday, February 23rd. This represents a $1.50 annualized dividend and a dividend yield of 1.68%. This is a positive change from Piper Jaffray Companies’s previous quarterly dividend of $0.31. Piper Jaffray Companies’s dividend payout ratio (DPR) is presently -23.41%.

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Piper Jaffray Companies Company Profile

Piper Jaffray Companies is an investment bank and asset management company. The Company’s segments include Capital Markets and Asset Management. The Capital Markets segment provides investment banking and institutional sales, trading and research services for various equity and fixed income products.

Analyst Recommendations for Piper Jaffray Companies (NYSE:PJC)

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