Piper Jaffray Companies (NYSE:PJC) insider Christopher D. Crawshaw sold 8,168 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $63.65, for a total value of $519,893.20. Following the completion of the sale, the insider now owns 26,583 shares of the company’s stock, valued at $1,692,007.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of Piper Jaffray Companies (NYSE PJC) traded down 5.69% on Tuesday, reaching $59.70. The company had a trading volume of 132,029 shares. The firm has a 50-day moving average price of $62.32 and a 200 day moving average price of $64.78. The firm has a market capitalization of $768.52 million, a price-to-earnings ratio of 268.92 and a beta of 1.45. Piper Jaffray Companies has a 1-year low of $42.12 and a 1-year high of $81.85.

Piper Jaffray Companies (NYSE:PJC) last issued its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.29. Piper Jaffray Companies had a return on equity of 9.66% and a net margin of 0.40%. The firm had revenue of $197.75 million during the quarter. Equities research analysts predict that Piper Jaffray Companies will post $5.39 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Monday, August 28th will be given a dividend of $0.3125 per share. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $1.25 annualized dividend and a dividend yield of 2.09%. Piper Jaffray Companies’s dividend payout ratio is currently -1,249.88%.

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A number of research firms have recently issued reports on PJC. National Bank Financial upped their price target on Piper Jaffray Companies from $22.00 to $25.00 in a research report on Friday, April 28th. TD Securities restated 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 Piper Jaffray Companies from $19.00 to $22.50 and gave the company a “sector perform” rating in a research report on Friday, April 28th. BidaskClub upgraded Piper Jaffray Companies from a “sell” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, CIBC increased their price objective on Piper Jaffray Companies from $19.00 to $22.00 in a research report on Friday, April 28th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $21.75.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue raised its stake 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 in the last quarter. Wedge Capital Management L L P NC raised its stake in shares of Piper Jaffray Companies by 7.5% in the first quarter. Wedge Capital Management L L P NC now owns 4,427 shares of the financial services provider’s stock worth $283,000 after buying an additional 309 shares during the period. Creative Planning raised its stake in shares of Piper Jaffray Companies by 32.0% in the first quarter. Creative Planning now owns 1,917 shares of the financial services provider’s stock worth $122,000 after buying an additional 465 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Piper Jaffray Companies during the first quarter worth $281,000. Finally, Symphony Asset Management LLC raised its stake in shares of Piper Jaffray Companies by 21.1% in the first quarter. Symphony Asset Management LLC now owns 8,111 shares of the financial services provider’s stock worth $518,000 after buying an additional 1,415 shares during the period. Institutional investors own 78.35% of the company’s stock.

About Piper Jaffray Companies

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.

Insider Buying and Selling by Quarter for Piper Jaffray Companies (NYSE:PJC)

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