Piper Jaffray Companies (PJC) Position Boosted by Nordea Investment Management AB

Nordea Investment Management AB boosted its holdings in shares of Piper Jaffray Companies (NYSE:PJC) by 20.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,744 shares of the financial services provider’s stock after acquiring an additional 6,251 shares during the quarter. Nordea Investment Management AB owned 0.28% of Piper Jaffray Companies worth $2,181,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its holdings 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 acquiring an additional 10 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Piper Jaffray Companies by 3.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,200 shares of the financial services provider’s stock valued at $247,000 after acquiring an additional 150 shares during the period. Creative Planning boosted its holdings in Piper Jaffray Companies by 9.2% during the 2nd quarter. Creative Planning now owns 2,094 shares of the financial services provider’s stock valued at $126,000 after acquiring an additional 177 shares during the period. Symphony Asset Management LLC boosted its holdings in Piper Jaffray Companies by 4.2% during the 2nd quarter. Symphony Asset Management LLC now owns 8,453 shares of the financial services provider’s stock valued at $507,000 after acquiring an additional 342 shares during the period. Finally, Teachers Advisors LLC boosted its holdings 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 valued at $1,811,000 after acquiring an additional 356 shares during the period. Institutional investors own 66.31% of the company’s stock.

Shares of Piper Jaffray Companies (NYSE:PJC) remained flat at $$76.70 during midday trading on Thursday. 55,300 shares of the company’s stock were exchanged, compared to its average volume of 101,799. The company has a current ratio of 1.48, a quick ratio of 0.15 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $1,158.87, a P/E ratio of 10.88 and a beta of 1.58. Piper Jaffray Companies has a 12-month low of $52.75 and a 12-month high of $81.85.

Piper Jaffray Companies (NYSE:PJC) last issued its earnings results on Thursday, October 26th. The financial services provider reported $2.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.06 by $1.07. The business had revenue of $240.57 million during the quarter. Piper Jaffray Companies had a positive return on equity of 11.11% and a negative net margin of 6.30%.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 29th will be given a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Tuesday, November 28th. Piper Jaffray Companies’s dividend payout ratio (DPR) is presently -26.54%.

Piper Jaffray Companies announced that its Board of Directors has authorized a share buyback plan on Thursday, August 10th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the financial services provider to purchase up to 17.4% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

A number of equities analysts recently issued reports on PJC shares. Desjardins upgraded Piper Jaffray Companies from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. JMP Securities started coverage on Piper Jaffray Companies in a report on Tuesday, November 7th. They set a “market perform” rating for the company. Keefe, Bruyette & Woods upgraded Piper Jaffray Companies from a “market perform” rating to an “outperform” rating in a report on Monday, October 30th. Finally, BidaskClub cut Piper Jaffray Companies from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 22nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Piper Jaffray Companies currently has a consensus rating of “Hold” and a consensus price target of $27.79.

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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.

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

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