Piper Jaffray Companies (NYSE:PJC) announced a quarterly dividend on Friday, October 27th, Wall Street Journal reports. Shareholders of record on Wednesday, November 29th will be given a dividend of 0.3125 per share by the financial services provider on Friday, December 15th. This represents a $1.25 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Tuesday, November 28th.

Piper Jaffray Companies (PJC) traded up 1.61% during midday trading on Friday, reaching $66.30. The company’s stock had a trading volume of 141,644 shares. Piper Jaffray Companies has a one year low of $52.75 and a one year high of $81.85. The firm has a market cap of $1.00 billion, a P/E ratio of 298.65 and a beta of 1.45. The firm has a 50 day moving average price of $58.42 and a 200 day moving average price of $59.78.

Piper Jaffray Companies (NYSE:PJC) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported $2.13 EPS for the quarter, beating the Zacks’ consensus estimate of $1.06 by $1.07. Piper Jaffray Companies had a net margin of 0.40% and a return on equity of 9.63%. The firm had revenue of $240.57 million during the quarter. Equities research analysts forecast that Piper Jaffray Companies will post $5.65 EPS for the current fiscal year.

PJC has been the subject of a number of analyst reports. BidaskClub raised shares of Piper Jaffray Companies from a “sell” rating to a “hold” rating in a report on Saturday, July 8th. Keefe, Bruyette & Woods initiated coverage on shares of Piper Jaffray Companies in a report on Monday, October 16th. They issued a “mkt perform” rating and a $64.00 price target for the company. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The company has an average rating of “Sell” and an average target price of $27.79.

Piper Jaffray Companies declared that its Board of Directors has approved a share buyback plan on Thursday, August 10th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the financial services provider to buy up to 17.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

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In related news, insider Thomas Gregory Smith sold 1,500 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $62.46, for a total value of $93,690.00. Following the sale, the insider now directly owns 15,279 shares of the company’s stock, valued at approximately $954,326.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher D. Crawshaw sold 8,168 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $63.65, for a total transaction of $519,893.20. Following the completion of the sale, the insider now directly owns 26,583 shares in the company, valued at $1,692,007.95. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,988 shares of company stock valued at $633,903. 5.36% of the stock is owned by insiders.

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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