Piper Jaffray Companies (PJC) Receives Average Rating of “Hold” from Analysts

Shares of Piper Jaffray Companies (NYSE:PJC) have received an average recommendation of “Hold” from the nine analysts that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $32.75.

Separately, Keefe, Bruyette & Woods restated a “buy” rating and set a $86.00 price target on shares of Piper Jaffray Companies in a research note on Friday, December 22nd.

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Piper Jaffray Companies (NYSE PJC) opened at $87.50 on Friday. The firm has a market capitalization of $1,336.05, a P/E ratio of -16.39 and a beta of 1.48. Piper Jaffray Companies has a 52-week low of $52.75 and a 52-week high of $99.80. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.35 and a quick ratio of 0.15.

Piper Jaffray Companies (NYSE:PJC) last issued 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. Piper Jaffray Companies had a positive return on equity of 11.58% and a negative net margin of 7.30%. The company had revenue of $236.08 million during the quarter.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Monday, February 26th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.71%. This is a boost from Piper Jaffray Companies’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Friday, February 23rd. Piper Jaffray Companies’s dividend payout ratio is -28.09%.

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

A number of large investors have recently added to or reduced their stakes in the business. Cutler Group LP raised its stake in shares of Piper Jaffray Companies by 505.0% in the fourth quarter. Cutler Group LP now owns 1,215 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 1,515 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Piper Jaffray Companies by 365.1% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,823 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 1,431 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Piper Jaffray Companies in the third quarter valued at $192,000. Schulhoff & Co. Inc. acquired a new stake in shares of Piper Jaffray Companies in the fourth quarter valued at $205,000. Finally, Burney Co. acquired a new stake in shares of Piper Jaffray Companies in the fourth quarter valued at $228,000. Institutional investors own 70.10% of the company’s stock.

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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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