Piper Jaffray Companies (PJC) Insider Christopher D. Crawshaw Sells 8,168 Shares
Piper Jaffray Companies (NYSE:PJC) insider Christopher D. Crawshaw sold 8,168 shares of the firm’s 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 transaction, the insider now owns 26,583 shares of the company’s stock, valued at approximately $1,692,007.95. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Shares of Piper Jaffray Companies (NYSE:PJC) traded down 5.69% during trading on Tuesday, hitting $59.70. The stock had a trading volume of 132,029 shares. The firm’s 50-day moving average is $62.32 and its 200 day moving average is $64.78. The firm has a market cap of $768.52 million, a price-to-earnings ratio of 268.92 and a beta of 1.45. Piper Jaffray Companies has a 52-week low of $42.12 and a 52-week high of $81.85.
Piper Jaffray Companies (NYSE:PJC) last announced its earnings results on Thursday, July 27th. The financial services provider reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.29. Piper Jaffray Companies had a return on equity of 9.66% and a net margin of 0.40%. The business had revenue of $197.75 million during the quarter. On average, analysts expect that Piper Jaffray Companies will post $5.39 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Monday, August 28th will be given a $0.3125 dividend. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.09%. Piper Jaffray Companies’s dividend payout ratio (DPR) is presently -1,249.88%.
Several equities analysts have weighed in on the company. TD Securities restated a “reduce” rating and set a $20.00 price target on shares of Piper Jaffray Companies in a report on Friday, April 28th. Scotiabank raised their price target on Piper Jaffray Companies from $19.00 to $22.50 and gave the company a “sector perform” rating in a report on Friday, April 28th. National Bank Financial raised their price target on Piper Jaffray Companies from $22.00 to $25.00 in a report on Friday, April 28th. Desjardins cut Piper Jaffray Companies from a “hold” rating to a “sell” rating and cut their price target for the company from $21.00 to $20.00 in a report on Friday, April 28th. Finally, CIBC raised their price target on Piper Jaffray Companies from $19.00 to $22.00 in a report on Friday, April 28th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Piper Jaffray Companies currently has a consensus rating of “Hold” and a consensus price target of $21.75.
Several large investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue raised its stake in Piper Jaffray Companies by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 1,570 shares of the financial services provider’s stock worth $100,000 after buying an additional 20 shares during the period. Creative Planning raised its stake in Piper Jaffray Companies by 32.0% in the first quarter. Creative Planning now owns 1,917 shares of the financial services provider’s stock worth $122,000 after buying an additional 465 shares during the period. SG Americas Securities LLC bought a new stake in Piper Jaffray Companies during the first quarter worth about $123,000. LS Investment Advisors LLC raised its stake in Piper Jaffray Companies by 301.7% in the first quarter. LS Investment Advisors LLC now owns 2,097 shares of the financial services provider’s stock worth $134,000 after buying an additional 1,575 shares during the period. Finally, Invictus RG bought a new stake in Piper Jaffray Companies during the first quarter worth about $195,000. Institutional investors and hedge funds own 78.35% of the company’s stock.
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.
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