Shares of Piper Jaffray Companies (NYSE:PJC) have received a consensus recommendation of “Hold” from the eight brokerages that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $21.75.

Several brokerages have recently weighed in on PJC. BidaskClub raised shares of Piper Jaffray Companies from a “sell” rating to a “hold” rating in a research report on Saturday, July 8th. TD Securities reaffirmed a “reduce” rating and issued a $20.00 price target on shares of Piper Jaffray Companies in a research report on Friday, April 28th. Scotiabank upped their price target on shares of Piper Jaffray Companies from $19.00 to $22.50 and gave the stock a “sector perform” rating in a research report on Friday, April 28th. National Bank Financial upped their price target on shares of Piper Jaffray Companies from $22.00 to $25.00 in a research report on Friday, April 28th. Finally, Desjardins cut shares of Piper Jaffray Companies from a “hold” rating to a “sell” rating and lowered their price target for the stock from $21.00 to $20.00 in a research report on Friday, April 28th.

In related news, insider Thomas Gregory Smith sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $62.46, for a total transaction of $93,690.00. Following the completion of the transaction, the insider now owns 15,279 shares in the company, valued at approximately $954,326.34. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Martin Bradley Winges sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $64.42, for a total transaction of $193,260.00. Following the transaction, the insider now owns 46,133 shares of the company’s stock, valued at approximately $2,971,887.86. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,820 shares of company stock valued at $307,270. 5.36% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of PJC. Old Mutual Global Investors UK Ltd. bought a new position in shares of Piper Jaffray Companies during the first quarter worth about $467,000. Russell Investments Group Ltd. raised its position in shares of Piper Jaffray Companies by 29.0% in the first quarter. Russell Investments Group Ltd. now owns 121,532 shares of the financial services provider’s stock worth $7,760,000 after buying an additional 27,305 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Piper Jaffray Companies by 49.1% in the first quarter. Fisher Asset Management LLC now owns 70,096 shares of the financial services provider’s stock worth $4,476,000 after buying an additional 23,098 shares during the last quarter. James Investment Research Inc. bought a new position in shares of Piper Jaffray Companies during the first quarter worth about $1,698,000. Finally, State of Alaska Department of Revenue raised its position in shares of Piper Jaffray Companies by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 1,570 shares of the financial services provider’s stock worth $100,000 after buying an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 78.35% of the company’s stock.

Shares of Piper Jaffray Companies (NYSE PJC) traded down 0.86% during mid-day trading on Friday, reaching $63.30. 66,013 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $62.26 and a 200 day moving average price of $64.82. The firm has a market capitalization of $814.86 million, a price-to-earnings ratio of 285.14 and a beta of 1.45. Piper Jaffray Companies has a 12-month low of $40.52 and a 12-month high of $81.85.

Piper Jaffray Companies (NYSE:PJC) last released its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.29. The company had revenue of $197.75 million during the quarter. Piper Jaffray Companies had a net margin of 0.40% and a return on equity of 9.66%. Analysts anticipate that Piper Jaffray Companies will post $5.39 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Monday, August 28th will be given a $0.3125 dividend. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $1.25 annualized dividend and a dividend yield of 1.97%. Piper Jaffray Companies’s payout ratio is presently -1,249.88%.

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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.

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