Piper Jaffray Companies (PJC) Receives News Impact Score of 0.26
News headlines about Piper Jaffray Companies (NYSE:PJC) have trended positive on Thursday, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Piper Jaffray Companies earned a news impact score of 0.26 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 44.7723261964254 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern’s scoring:
- Piper Jaffray warns of EV impact on Allison Transmission (seekingalpha.com)
- New Residential Investment Corp. (NRZ) Rating Reiterated by Piper Jaffray Companies (expressnewsline.com)
- Piper Jaffray Companies (PJC) Given Consensus Recommendation of “Sell” by Brokerages (americanbankingnews.com)
- Analyzing Piper Jaffray Companies (PJC) and JMP Group (JMP) (americanbankingnews.com)
Separately, BidaskClub downgraded shares of Piper Jaffray Companies from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The company currently has an average rating of “Sell” and an average target price of $21.75.
Piper Jaffray Companies (NYSE PJC) opened at 55.35 on Thursday. Piper Jaffray Companies has a one year low of $42.98 and a one year high of $81.85. The company has a market capitalization of $836.56 million, a P/E ratio of 249.32 and a beta of 1.45. The company’s 50-day moving average is $61.04 and its 200 day moving average is $63.31.
Piper Jaffray Companies (NYSE:PJC) last posted its earnings results on Thursday, July 27th. The financial services provider reported $1.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.29. The firm had revenue of $197.75 million during the quarter. Piper Jaffray Companies had a net margin of 0.40% and a return on equity of 9.63%. On average, equities analysts anticipate that Piper Jaffray Companies will post $5.39 earnings per share for the current year.
Piper Jaffray Companies announced that its board has initiated a share buyback program on Thursday, August 10th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the financial services provider to buy up to 17.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Monday, August 28th will be given a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Thursday, August 24th. Piper Jaffray Companies’s dividend payout ratio (DPR) is presently -1,249.88%.
In other Piper Jaffray Companies news, insider Christopher D. Crawshaw sold 8,168 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $63.65, for a total value of $519,893.20. Following the completion of the sale, the insider now owns 26,583 shares of the company’s stock, valued at $1,692,007.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas Gregory Smith sold 1,500 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $62.46, for a total transaction of $93,690.00. Following the completion of the sale, the insider now directly owns 15,279 shares of the company’s stock, valued at approximately $954,326.34. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,988 shares of company stock valued at $827,163. Corporate insiders own 5.36% of the company’s stock.
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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