Piper Jaffray Companies (PJC) Raised to B at TheStreet

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TheStreet upgraded shares of Piper Jaffray Companies (NYSE:PJC) from a c rating to a b rating in a research report sent to investors on Wednesday morning.

Separately, ValuEngine downgraded shares of Piper Jaffray Companies from a hold rating to a sell rating in a research report on Monday, February 25th.

PJC stock opened at $72.63 on Wednesday. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 11.55 and a beta of 1.35. Piper Jaffray Companies has a 12 month low of $61.35 and a 12 month high of $87.85.

Piper Jaffray Companies (NYSE:PJC) last posted its earnings results on Friday, February 1st. The financial services provider reported $1.99 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.35. The company had revenue of $226.78 million during the quarter. Piper Jaffray Companies had a net margin of 6.44% and a return on equity of 11.72%.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, February 25th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Friday, February 22nd.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. boosted its holdings in shares of Piper Jaffray Companies by 9.4% during the 4th quarter. American Century Companies Inc. now owns 13,148 shares of the financial services provider’s stock worth $866,000 after buying an additional 1,135 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Piper Jaffray Companies by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 194,682 shares of the financial services provider’s stock worth $12,817,000 after buying an additional 2,523 shares during the period. Norges Bank bought a new stake in shares of Piper Jaffray Companies during the 4th quarter worth $12,217,000. Dimensional Fund Advisors LP boosted its holdings in shares of Piper Jaffray Companies by 1.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 609,405 shares of the financial services provider’s stock worth $40,124,000 after buying an additional 11,613 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in shares of Piper Jaffray Companies by 5.4% during the 4th quarter. Nordea Investment Management AB now owns 61,245 shares of the financial services provider’s stock worth $4,032,000 after buying an additional 3,142 shares during the period. 71.51% of the stock is owned by institutional investors and hedge funds.

Piper Jaffray Companies Company Profile

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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