Shares of Piper Jaffray (NYSE:PJC) have received an average rating of “Hold” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company.
Several analysts have recently issued reports on PJC shares. TheStreet upgraded Piper Jaffray from a “c+” rating to a “b-” rating in a research note on Friday, April 27th. ValuEngine upgraded Piper Jaffray from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Keefe, Bruyette & Woods downgraded Piper Jaffray from an “outperform” rating to a “market perform” rating in a research note on Monday, April 30th.
NYSE PJC traded up $1.15 on Thursday, reaching $77.25. The stock had a trading volume of 59,800 shares, compared to its average volume of 119,449. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.54 and a quick ratio of 0.10. Piper Jaffray has a 1 year low of $75.75 and a 1 year high of $77.00. The company has a market capitalization of $1.17 billion, a P/E ratio of 11.45 and a beta of 1.58.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, May 25th will be paid a dividend of $0.375 per share. The ex-dividend date is Thursday, May 24th. This represents a $1.50 annualized dividend and a dividend yield of 1.94%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its stake in shares of Piper Jaffray by 3.4% during the 1st quarter. Legal & General Group Plc now owns 29,239 shares of the financial services provider’s stock worth $2,405,000 after acquiring an additional 975 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its stake in shares of Piper Jaffray by 65.5% during the 1st quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 44,200 shares of the financial services provider’s stock worth $3,671,000 after acquiring an additional 17,500 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in shares of Piper Jaffray during the 1st quarter worth about $15,868,000. Principal Financial Group Inc. boosted its stake in shares of Piper Jaffray by 4.4% during the 1st quarter. Principal Financial Group Inc. now owns 227,017 shares of the financial services provider’s stock worth $18,855,000 after acquiring an additional 9,495 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. bought a new stake in shares of Piper Jaffray during the 1st quarter worth about $179,000. Institutional investors own 70.95% of the company’s stock.
About Piper Jaffray
Piper Jaffray Companies operates as an investment bank and asset management firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally. The company's Capital Markets segment offers investment banking and institutional sales, trading, and research services for various equity and fixed income products.
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