State of Alaska Department of Revenue increased its position in shares of Piper Jaffray Companies (NYSE:PJC) by 78.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,800 shares of the financial services provider’s stock after buying an additional 1,230 shares during the period. State of Alaska Department of Revenue’s holdings in Piper Jaffray Companies were worth $167,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of PJC. BlackRock Inc. raised its stake in Piper Jaffray Companies by 47,403.3% in the first quarter. BlackRock Inc. now owns 1,812,252 shares of the financial services provider’s stock worth $115,713,000 after buying an additional 1,808,437 shares during the period. Vanguard Group Inc. raised its stake in Piper Jaffray Companies by 5.5% in the first quarter. Vanguard Group Inc. now owns 1,291,674 shares of the financial services provider’s stock worth $82,473,000 after buying an additional 67,880 shares during the period. State Street Corp raised its stake in Piper Jaffray Companies by 9.6% in the first quarter. State Street Corp now owns 416,794 shares of the financial services provider’s stock worth $26,614,000 after buying an additional 36,429 shares during the period. Norges Bank bought a new stake in Piper Jaffray Companies during the fourth quarter worth about $15,292,000. Finally, Russell Investments Group Ltd. raised its stake in 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 period. Institutional investors and hedge funds own 78.35% of the company’s stock.

Piper Jaffray Companies (PJC) traded down 0.95% on Tuesday, reaching $62.70. The company had a trading volume of 25,384 shares. Piper Jaffray Companies has a 52-week low of $40.52 and a 52-week high of $81.85. The stock has a market capitalization of $807.14 million, a PE ratio of 282.43 and a beta of 1.45. The stock has a 50 day moving average price of $62.26 and a 200 day moving average price of $64.82.

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 for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.29. Piper Jaffray Companies had a net margin of 0.40% and a return on equity of 9.66%. The business had revenue of $197.75 million during the quarter. Analysts expect that Piper Jaffray Companies will post $5.39 EPS for the current year.

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

WARNING: “State of Alaska Department of Revenue Has $167,000 Position in Piper Jaffray Companies (NYSE:PJC)” was posted by Daily Political and is the property of of Daily Political. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright laws. The correct version of this article can be read at https://www.dailypolitical.com/2017/08/08/state-of-alaska-department-of-revenue-has-167000-position-in-piper-jaffray-companies-nysepjc.html.

PJC has been the subject of a number of analyst reports. 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. Desjardins lowered Piper Jaffray Companies from a “hold” rating to a “sell” rating and dropped their price target for the company from $21.00 to $20.00 in a research report on Friday, April 28th. BMO Capital Markets restated a “market perform” rating and issued a $21.00 price target on shares of Piper Jaffray Companies in a research report on Friday, April 28th. 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. Finally, CIBC upped their price target on Piper Jaffray Companies from $19.00 to $22.00 in a research report on Friday, April 28th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The company has an average rating of “Hold” and a consensus target price of $21.75.

In other Piper Jaffray Companies news, insider Thomas Gregory Smith sold 1,500 shares of Piper Jaffray Companies stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $62.46, for a total value of $93,690.00. Following the completion of the sale, the insider now directly owns 15,279 shares of the company’s stock, valued at approximately $954,326.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Martin Bradley Winges sold 3,000 shares of Piper Jaffray Companies 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 completion of the sale, the insider now directly owns 46,133 shares of the company’s stock, valued at $2,971,887.86. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,820 shares of company stock valued at $307,270. Corporate insiders own 5.36% of the company’s stock.

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.

Want to see what other hedge funds are holding PJC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Piper Jaffray Companies (NYSE:PJC).

Institutional Ownership by Quarter for Piper Jaffray Companies (NYSE:PJC)

Receive News & Ratings for Piper Jaffray Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Piper Jaffray Companies and related companies with MarketBeat.com's FREE daily email newsletter.