Piper Jaffray Companies (PJC) Director Sells $4,672,000.00 in Stock
Piper Jaffray Companies (NYSE:PJC) Director Andrew S. Duff sold 50,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $93.44, for a total value of $4,672,000.00. Following the transaction, the director now owns 238,248 shares of the company’s stock, valued at $22,261,893.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Piper Jaffray Companies (NYSE PJC) opened at $89.85 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.48 and a quick ratio of 0.15. Piper Jaffray Companies has a 12-month low of $52.75 and a 12-month high of $99.80. The stock has a market capitalization of $1,161.99, a P/E ratio of -16.94 and a beta of 1.45.
Piper Jaffray Companies (NYSE:PJC) last issued its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.35. Piper Jaffray Companies had a positive return on equity of 11.32% and a negative net margin of 7.30%. The business had revenue of $236.08 million during the quarter.
PJC has been the subject of several research analyst reports. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $86.00 price objective on shares of Piper Jaffray Companies in a research report on Friday, December 22nd. JMP Securities initiated coverage on Piper Jaffray Companies in a research report on Tuesday, November 7th. They issued a “market perform” rating for the company. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $30.93.
Several institutional investors and hedge funds have recently modified their holdings of PJC. PNC Financial Services Group Inc. lifted its stake in Piper Jaffray Companies by 0.4% in 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 in the last quarter. Wells Fargo & Company MN lifted its stake in Piper Jaffray Companies by 2.4% in the 2nd quarter. Wells Fargo & Company MN now owns 16,003 shares of the financial services provider’s stock valued at $960,000 after acquiring an additional 375 shares in the last quarter. Thrivent Financial For Lutherans lifted its stake in Piper Jaffray Companies by 6.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 8,560 shares of the financial services provider’s stock valued at $513,000 after acquiring an additional 510 shares in the last quarter. GW&K Investment Management LLC lifted its stake in Piper Jaffray Companies by 12.7% in the 4th quarter. GW&K Investment Management LLC now owns 6,075 shares of the financial services provider’s stock valued at $524,000 after acquiring an additional 685 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in Piper Jaffray Companies by 1.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 67,299 shares of the financial services provider’s stock valued at $4,035,000 after acquiring an additional 764 shares in the last quarter. Institutional investors and hedge funds own 66.75% of the company’s stock.
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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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