Northern Trust Corp boosted its position in Piper Jaffray Companies (NYSE:PJC) by 1.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 194,522 shares of the financial services provider’s stock after purchasing an additional 3,598 shares during the period. Northern Trust Corp’s holdings in Piper Jaffray Companies were worth $14,949,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Rhumbline Advisers lifted its stake in Piper Jaffray Companies by 1.8% in the second quarter. Rhumbline Advisers now owns 37,493 shares of the financial services provider’s stock valued at $2,881,000 after purchasing an additional 668 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Piper Jaffray Companies in the second quarter valued at approximately $1,137,000. American Century Companies Inc. lifted its stake in Piper Jaffray Companies by 0.7% in the second quarter. American Century Companies Inc. now owns 96,875 shares of the financial services provider’s stock valued at $7,445,000 after purchasing an additional 652 shares during the last quarter. United Services Automobile Association lifted its stake in Piper Jaffray Companies by 1,081.0% in the second quarter. United Services Automobile Association now owns 33,753 shares of the financial services provider’s stock valued at $1,448,000 after purchasing an additional 30,895 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Piper Jaffray Companies by 25.4% in the second quarter. Bank of America Corp DE now owns 51,537 shares of the financial services provider’s stock valued at $3,961,000 after purchasing an additional 10,439 shares during the last quarter. Institutional investors and hedge funds own 72.72% of the company’s stock.
Separately, TheStreet upgraded Piper Jaffray Companies from a “c” rating to a “b-” rating in a research note on Tuesday, October 30th.
NYSE:PJC opened at $70.35 on Monday. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 11.80 and a beta of 1.51. Piper Jaffray Companies has a 1 year low of $66.12 and a 1 year high of $99.80. The company has a current ratio of 1.62, a quick ratio of 0.38 and a debt-to-equity ratio of 0.17.
Piper Jaffray Companies (NYSE:PJC) last posted its earnings results on Friday, October 26th. The financial services provider reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.35. The firm had revenue of $221.23 million for the quarter. Piper Jaffray Companies had a positive return on equity of 11.31% and a negative net margin of 1.39%.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Wednesday, November 28th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Tuesday, November 27th. This represents a $1.50 annualized dividend and a dividend yield of 2.13%.
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.
Further Reading: Moving Average (MA)
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