Rhumbline Advisers Purchases 4,471 Shares of Piper Jaffray (NYSE:PJC)

Rhumbline Advisers raised its position in Piper Jaffray (NYSE:PJC) by 14.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,366 shares of the financial services provider’s stock after acquiring an additional 4,471 shares during the period. Rhumbline Advisers owned about 0.28% of Piper Jaffray worth $3,137,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. GW&K Investment Management LLC raised its holdings in Piper Jaffray by 12.7% in the 4th 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 in the last quarter. Capital Fund Management S.A. raised its holdings in shares of Piper Jaffray by 32.6% in the 4th quarter. Capital Fund Management S.A. now owns 5,700 shares of the financial services provider’s stock worth $492,000 after buying an additional 1,400 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Piper Jaffray by 365.1% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,823 shares of the financial services provider’s stock worth $108,000 after buying an additional 1,431 shares in the last quarter. Cutler Group LP raised its holdings in shares of Piper Jaffray by 505.0% in the 4th quarter. Cutler Group LP now owns 1,215 shares of the financial services provider’s stock worth $104,000 after buying an additional 1,515 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Piper Jaffray by 2.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 72,735 shares of the financial services provider’s stock worth $6,274,000 after buying an additional 1,571 shares in the last quarter. 70.10% of the stock is owned by hedge funds and other institutional investors.

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Separately, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $86.00 target price on shares of Piper Jaffray in a report on Friday, December 22nd. 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’s stock. The company presently has an average rating of “Hold” and a consensus price target of $30.93.

In related news, insider Francis E. Iv Fairman sold 10,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $96.13, for a total transaction of $961,300.00. Following the sale, the insider now directly owns 51,513 shares in the company, valued at approximately $4,951,944.69. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Andrew S. Duff sold 50,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was 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 disclosure for this sale can be found here. 5.36% of the stock is owned by corporate insiders.

Shares of PJC traded down $6.15 during mid-day trading on Friday, reaching $78.95. The company had a trading volume of 275,951 shares, compared to its average volume of 118,313. Piper Jaffray has a twelve month low of $52.75 and a twelve month high of $99.80. The company has a current ratio of 1.35, a quick ratio of 0.15 and a debt-to-equity ratio of 0.17. The stock has a market cap of $1,293.49, a PE ratio of 11.99 and a beta of 1.55.

Piper Jaffray (NYSE:PJC) last issued its earnings results on Thursday, February 1st. The financial services provider reported $1.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.35. The business had revenue of $236.08 million during the quarter. Piper Jaffray had a positive return on equity of 11.58% and a negative net margin of 7.30%.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Monday, February 26th were given a dividend of $0.375 per share. The ex-dividend date was Friday, February 23rd. This is a positive change from Piper Jaffray’s previous quarterly dividend of $0.31. This represents a $1.50 dividend on an annualized basis and a yield of 1.90%.

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Piper Jaffray 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.

Institutional Ownership by Quarter for Piper Jaffray (NYSE:PJC)

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