Keefe, Bruyette & Woods reaffirmed their buy rating on shares of Piper Jaffray Companies (NYSE:PJC) in a report published on Friday morning. They currently have a $86.00 target price on the financial services provider’s stock.
Several other brokerages have also issued reports on PJC. Desjardins raised Piper Jaffray Companies from a sell rating to a hold rating in a research report on Thursday, October 5th. JMP Securities initiated coverage on Piper Jaffray Companies in a research report on Tuesday, November 7th. They set a market perform rating on the stock. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Piper Jaffray Companies currently has an average rating of Hold and a consensus target price of $30.93.
Piper Jaffray Companies (PJC) opened at $85.15 on Friday. Piper Jaffray Companies has a 1 year low of $52.75 and a 1 year high of $85.23. The stock has a market capitalization of $1,290.00, a PE ratio of -20.37 and a beta of 1.58. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.15 and a current ratio of 1.48.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Wednesday, November 29th were given a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 1.47%. The ex-dividend date was Tuesday, November 28th. Piper Jaffray Companies’s dividend payout ratio is currently -29.90%.
A number of large investors have recently made changes to their positions in PJC. Ladenburg Thalmann Financial Services Inc. grew its stake in Piper Jaffray Companies by 365.1% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,823 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 1,431 shares during the last quarter. Farmers & Merchants Investments Inc. grew its stake in Piper Jaffray Companies by 93.0% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 2,090 shares of the financial services provider’s stock valued at $124,000 after purchasing an additional 1,007 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Piper Jaffray Companies by 0.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,842 shares of the financial services provider’s stock valued at $170,000 after purchasing an additional 10 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Piper Jaffray Companies during the 3rd quarter valued at about $192,000. Finally, Airain ltd grew its stake in Piper Jaffray Companies by 23.1% during the 2nd quarter. Airain ltd now owns 4,505 shares of the financial services provider’s stock valued at $270,000 after purchasing an additional 845 shares during the last quarter. 66.24% of the stock is currently owned by institutional investors.
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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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