New York State Common Retirement Fund decreased its position in Piper Jaffray Companies (NYSE:PJC) by 7.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,675 shares of the financial services provider’s stock after selling 2,354 shares during the quarter. New York State Common Retirement Fund owned approximately 0.21% of Piper Jaffray Companies worth $1,643,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. grew its position in Piper Jaffray Companies by 1.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 67,299 shares of the financial services provider’s stock valued at $4,035,000 after buying an additional 764 shares during the period. First Trust Advisors LP grew its position in Piper Jaffray Companies by 69.9% during the second quarter. First Trust Advisors LP now owns 19,965 shares of the financial services provider’s stock valued at $1,197,000 after buying an additional 8,217 shares during the period. Legal & General Group Plc grew its position in Piper Jaffray Companies by 6.8% during the second quarter. Legal & General Group Plc now owns 28,017 shares of the financial services provider’s stock valued at $1,679,000 after buying an additional 1,782 shares during the period. BNP Paribas Arbitrage SA grew its position in Piper Jaffray Companies by 61.3% during the second quarter. BNP Paribas Arbitrage SA now owns 5,349 shares of the financial services provider’s stock valued at $321,000 after buying an additional 2,032 shares during the period. Finally, Prudential Financial Inc. grew its position in Piper Jaffray Companies by 8.3% during the second quarter. Prudential Financial Inc. now owns 176,566 shares of the financial services provider’s stock valued at $10,585,000 after buying an additional 13,482 shares during the period. Hedge funds and other institutional investors own 66.24% of the company’s stock.

Piper Jaffray Companies (PJC) opened at $85.80 on Wednesday. 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 cap of $1,300.00, a PE ratio of -20.53 and a beta of 1.58. Piper Jaffray Companies has a 1 year low of $52.75 and a 1 year high of $87.45.

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, topping analysts’ consensus estimates of $1.06 by $1.07. The firm had revenue of $240.57 million during the quarter. Piper Jaffray Companies had a negative net margin of 6.30% and a positive return on equity of 11.11%.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Wednesday, November 29th were given a dividend of $0.3125 per share. The ex-dividend date was Tuesday, November 28th. This represents a $1.25 dividend on an annualized basis and a yield of 1.46%. Piper Jaffray Companies’s dividend payout ratio is presently -29.90%.

Several equities analysts recently weighed in on PJC shares. Keefe, Bruyette & Woods restated a “buy” rating and set a $86.00 price target on shares of Piper Jaffray Companies in a research report on Friday, December 22nd. Desjardins upgraded shares of Piper Jaffray Companies from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, JMP Securities started coverage on shares of Piper Jaffray Companies in a research report on Tuesday, November 7th. They set a “market perform” rating for the company. Two equities research 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’s stock. The company has an average rating of “Hold” and a consensus price target of $30.93.

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Piper Jaffray Companies Profile

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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