The SG Americas Securities LLC Takes Position in Piper Jaffray Companies (PJC)

The SG Americas Securities LLC Takes Position in Piper Jaffray Companies (PJC)

Several other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Piper Jaffray Companies during the fourth quarter valued at approximately $15,292,000. Russell Investments Group Ltd. increased its position in Piper Jaffray Companies by 29.0% in the first quarter. Russell Investments Group Ltd. now owns 121,532 shares of the financial services provider’s stock valued at $7,760,000 after buying an additional 27,305 shares during the period. James Investment Research Inc. bought a new position in Piper Jaffray Companies during the first quarter valued at approximately $1,698,000. Fisher Asset Management LLC increased its position in Piper Jaffray Companies by 49.1% in the first quarter. Fisher Asset Management LLC now owns 70,096 shares of the financial services provider’s stock valued at $4,476,000 after buying an additional 23,098 shares during the period. Finally, State Street Corp increased its position in Piper Jaffray Companies by 5.1% in the fourth quarter. State Street Corp now owns 380,365 shares of the financial services provider’s stock valued at $27,582,000 after buying an additional 18,463 shares during the period. 66.98% of the stock is currently owned by hedge funds and other institutional investors.

SG Americas Securities LLC bought a new stake in Piper Jaffray Companies (NYSE:PJC) during the first quarter, according to its most recent filing with the SEC. The fund bought 1,923 shares of the financial services provider’s stock, valued at approximately $123,000.

Shares of Piper Jaffray Companies (NYSE:PJC) traded down 0.39% during midday trading on Wednesday, reaching $63.35. 42,285 shares of the company traded hands. The firm has a market capitalization of $815.50 million, a PE ratio of 285.36 and a beta of 1.45. Piper Jaffray Companies has a 1-year low of $40.52 and a 1-year high of $81.85. The stock has a 50 day moving average price of $62.26 and a 200 day moving average price of $64.82.

Piper Jaffray Companies (NYSE:PJC) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.29. The company had revenue of $197.75 million for the quarter. Piper Jaffray Companies had a return on equity of 9.66% and a net margin of 0.40%. Analysts expect that Piper Jaffray Companies will post $5.39 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Monday, August 28th will be issued a $0.3125 dividend. The ex-dividend date is Thursday, August 24th. This represents a $1.25 dividend on an annualized basis and a yield of 1.97%. Piper Jaffray Companies’s payout ratio is currently -1,249.88%.

Several equities analysts have recently commented on PJC shares. Desjardins downgraded shares of Piper Jaffray Companies from a “hold” rating to a “sell” rating and lowered their target price for the stock from $21.00 to $20.00 in a report on Friday, April 28th. BMO Capital Markets restated a “market perform” rating and issued a $21.00 price target on shares of Piper Jaffray Companies in a research report on Friday, April 28th. CIBC boosted their price target on shares of Piper Jaffray Companies from $19.00 to $22.00 in a research report on Friday, April 28th. BidaskClub upgraded shares of Piper Jaffray Companies from a “sell” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, Scotiabank boosted their price target on shares of Piper Jaffray Companies from $19.00 to $22.50 and gave the stock a “sector perform” rating in a research report on Friday, April 28th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $21.75.

In other Piper Jaffray Companies news, insider Martin Bradley Winges sold 3,000 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $64.42, for a total value of $193,260.00. Following the transaction, the insider now owns 46,133 shares in the company, valued at approximately $2,971,887.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas Gregory Smith sold 1,500 shares of Piper Jaffray Companies stock in a transaction on Monday, July 31st. The stock was sold at an average price of $62.46, for a total value of $93,690.00. Following the transaction, the insider now owns 15,279 shares in the company, valued at approximately $954,326.34. The disclosure for this sale can be found here. Company 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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