Piper Jaffray Companies (NYSE:PJC) has been given a consensus rating of “Hold” by the nine brokerages that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $32.75.
A number of brokerages recently weighed in on PJC. Keefe, Bruyette & Woods restated a “buy” rating and set a $86.00 target price on shares of Piper Jaffray Companies in a report on Friday, December 22nd. JMP Securities began coverage on shares of Piper Jaffray Companies in a report on Tuesday, November 7th. They set a “market perform” rating for the company.
In related 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 completion of the transaction, the director now owns 238,248 shares of the company’s stock, valued at approximately $22,261,893.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $96.13, for a total transaction of $961,300.00. Following the completion of the transaction, the insider now directly owns 51,513 shares of the company’s stock, valued at approximately $4,951,944.69. The disclosure for this sale can be found here. Company insiders own 5.36% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Cutler Group LP boosted its stake in Piper Jaffray Companies 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 purchasing an additional 1,515 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its position in Piper Jaffray Companies 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. Farmers & Merchants Investments Inc. lifted its position in Piper Jaffray Companies by 93.0% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 2,090 shares of the financial services provider’s stock worth $124,000 after buying an additional 1,007 shares in the last quarter. Schulhoff & Co. Inc. purchased a new stake in Piper Jaffray Companies in the 4th quarter worth approximately $205,000. Finally, Burney Co. purchased a new stake in Piper Jaffray Companies in the 4th quarter worth approximately $228,000. 79.74% of the stock is owned by hedge funds and other institutional investors.
Shares of Piper Jaffray Companies (PJC) opened at $89.40 on Tuesday. The firm has a market cap of $1,154.24, a P/E ratio of -16.74 and a beta of 1.45. Piper Jaffray Companies has a 1-year low of $52.75 and a 1-year high of $99.80. The company has a current ratio of 1.48, a quick ratio of 0.15 and a debt-to-equity ratio of 0.16.
Piper Jaffray Companies (NYSE:PJC) last issued its earnings results on Thursday, February 1st. The financial services provider reported $1.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.35. The firm had revenue of $236.08 million during the quarter. Piper Jaffray Companies had a negative net margin of 7.30% and a positive return on equity of 11.32%.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Monday, February 26th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.68%. This is a boost from Piper Jaffray Companies’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Friday, February 23rd. Piper Jaffray Companies’s dividend payout ratio (DPR) is presently -23.41%.
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.
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