Piper Jaffray Companies (PJC) Position Trimmed by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. decreased its position in shares of Piper Jaffray Companies (NYSE:PJC) by 49.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,599 shares of the financial services provider’s stock after selling 3,473 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in Piper Jaffray Companies were worth $216,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in PJC. SG Americas Securities LLC bought a new position in Piper Jaffray Companies during the 1st quarter worth approximately $123,000. OppenheimerFunds Inc. boosted its stake in Piper Jaffray Companies by 41.1% during the 1st quarter. OppenheimerFunds Inc. now owns 8,668 shares of the financial services provider’s stock worth $554,000 after acquiring an additional 2,526 shares during the last quarter. Wellington Management Group LLP bought a new position in Piper Jaffray Companies during the 1st quarter worth approximately $1,014,000. Teachers Advisors LLC boosted its stake in Piper Jaffray Companies by 1.3% during the 1st quarter. Teachers Advisors LLC now owns 28,364 shares of the financial services provider’s stock worth $1,811,000 after acquiring an additional 356 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in Piper Jaffray Companies by 0.8% during the 1st quarter. Legal & General Group Plc now owns 26,235 shares of the financial services provider’s stock worth $1,674,000 after acquiring an additional 221 shares during the last quarter. 65.69% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Piper Jaffray Companies (NYSE:PJC) opened at $71.75 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.42 and a current ratio of 1.40. The company has a market cap of $925.57, a P/E ratio of 10.18 and a beta of 1.56. Piper Jaffray Companies has a fifty-two week low of $52.75 and a fifty-two week high of $81.85.

Piper Jaffray Companies (NYSE:PJC) last announced its earnings results on Thursday, October 26th. The financial services provider reported $2.13 EPS for the quarter, topping the consensus estimate of $1.06 by $1.07. The firm had revenue of $240.57 million for the quarter. Piper Jaffray Companies had a negative net margin of 6.30% and a positive return on equity of 10.99%.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 29th will be issued a dividend of $0.3125 per share. The ex-dividend date of this dividend is Tuesday, November 28th. This represents a $1.25 annualized dividend and a yield of 1.74%. Piper Jaffray Companies’s dividend payout ratio (DPR) is currently -26.54%.

Piper Jaffray Companies announced that its Board of Directors has approved a stock repurchase program on Thursday, August 10th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase up to 17.4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Several research analysts recently weighed in on the stock. BidaskClub raised shares of Piper Jaffray Companies from a “sell” rating to a “hold” rating in a research note on Saturday, July 8th. Keefe, Bruyette & Woods raised shares of Piper Jaffray Companies from a “market perform” rating to an “outperform” rating in a research note on Monday, October 30th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $27.79.

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.

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

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