OppenheimerFunds Inc. decreased its holdings in shares of Piper Jaffray Companies (NYSE:PJC) by 15.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,425 shares of the financial services provider’s stock after selling 1,176 shares during the quarter. OppenheimerFunds Inc.’s holdings in Piper Jaffray Companies were worth $534,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of PJC. SG Americas Securities LLC acquired a new stake in shares of Piper Jaffray Companies during the 1st quarter worth approximately $179,000. Burney Co. acquired a new stake in shares of Piper Jaffray Companies during the 4th quarter worth approximately $228,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Piper Jaffray Companies during the 1st quarter worth approximately $307,000. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Piper Jaffray Companies during the 1st quarter worth approximately $318,000. Finally, Stone Ridge Asset Management LLC acquired a new stake in shares of Piper Jaffray Companies during the 4th quarter worth approximately $363,000. Institutional investors own 72.59% of the company’s stock.
Several brokerages have recently commented on PJC. TheStreet upgraded shares of Piper Jaffray Companies from a “c+” rating to a “b-” rating in a research report on Wednesday, June 20th. ValuEngine raised shares of Piper Jaffray Companies from a “hold” rating to a “buy” rating in a research note on Thursday, May 17th. Finally, Keefe, Bruyette & Woods lowered shares of Piper Jaffray Companies from an “outperform” rating to a “market perform” rating in a research note on Monday, April 30th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Piper Jaffray Companies currently has an average rating of “Hold” and a consensus price target of $86.00.
Piper Jaffray Companies stock opened at $75.85 on Thursday. Piper Jaffray Companies has a fifty-two week low of $52.75 and a fifty-two week high of $99.80. The company has a market cap of $1.18 billion, a P/E ratio of 11.56 and a beta of 1.58. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.10 and a current ratio of 1.54.
Piper Jaffray Companies (NYSE:PJC) last released its quarterly earnings data on Friday, April 27th. The financial services provider reported $1.38 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.30). Piper Jaffray Companies had a positive return on equity of 11.88% and a negative net margin of 8.69%. The firm had revenue of $169.06 million for the quarter.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Investors of record on Friday, May 25th were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.98%. The ex-dividend date was Thursday, May 24th.
Piper Jaffray Companies Profile
Piper Jaffray Companies operates as an investment bank and asset management firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally. The company's Capital Markets segment offers investment banking and institutional sales, trading, and research services for various equity and fixed income products.
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