Piper Jaffray Companies (PJC) Holdings Reduced by Pinebridge Investments L.P.

Pinebridge Investments L.P. reduced its position in Piper Jaffray Companies (NYSE:PJC) by 21.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,982 shares of the financial services provider’s stock after selling 4,082 shares during the quarter. Pinebridge Investments L.P. owned about 0.10% of Piper Jaffray Companies worth $889,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Farmers & Merchants Investments Inc. grew its holdings in shares of Piper Jaffray Companies by 93.0% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 2,090 shares of the financial services provider’s stock valued at $124,000 after purchasing an additional 1,007 shares during the last quarter. Creative Planning grew its holdings in shares of 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 purchasing an additional 177 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of 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 purchasing an additional 10 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Piper Jaffray Companies during the 3rd quarter valued at approximately $192,000. Finally, Nisa Investment Advisors LLC grew its holdings in shares of 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 purchasing an additional 150 shares during the last quarter. 66.31% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Piper Jaffray Companies (NYSE PJC) opened at $76.85 on Friday. The company has a current ratio of 1.48, a quick ratio of 0.15 and a debt-to-equity ratio of 0.16. Piper Jaffray Companies has a 1 year low of $52.75 and a 1 year high of $81.85. The company has a market cap of $1,161.13, a P/E ratio of 10.90 and a beta of 1.58.

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

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

Several equities research analysts recently issued reports on the stock. Desjardins lowered shares of Piper Jaffray Companies from a “hold” rating to a “sell” rating in a report on Thursday, September 28th. BidaskClub lowered shares of Piper Jaffray Companies from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 22nd. Keefe, Bruyette & Woods assumed coverage on shares of Piper Jaffray Companies in a report on Monday, October 16th. They set a “mkt perform” rating and a $64.00 price target on the stock. Finally, JMP Securities assumed coverage on shares of Piper Jaffray Companies in a report on Tuesday, November 7th. They set a “market perform” rating on the stock. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $27.79.

TRADEMARK VIOLATION NOTICE: This article was first reported by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and international copyright law. The legal version of this article can be read at https://stocknewstimes.com/2017/12/10/piper-jaffray-companies-pjc-holdings-reduced-by-pinebridge-investments-l-p.html.

Piper Jaffray Companies Company 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.

Want to see what other hedge funds are holding PJC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Piper Jaffray Companies (NYSE:PJC).

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

Receive News & Ratings for Piper Jaffray Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Piper Jaffray Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply