Shares of Piper Jaffray Companies (NYSE:PJC) have earned an average recommendation of “Hold” from the ten ratings firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $22.10.

A number of research analysts recently commented on PJC shares. Desjardins raised Piper Jaffray Companies from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. JMP Securities started coverage on Piper Jaffray Companies in a research note on Tuesday, November 7th. They issued a “market perform” rating on the stock. Keefe, Bruyette & Woods raised Piper Jaffray Companies from a “market perform” rating to an “outperform” rating in a research note on Monday, October 30th. Finally, BidaskClub cut Piper Jaffray Companies from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd.

Shares of Piper Jaffray Companies (PJC) opened at $76.70 on Thursday. The stock has a market capitalization of $1,160.00, a price-to-earnings ratio of 11.08 and a beta of 1.58. Piper Jaffray Companies has a 12-month low of $52.75 and a 12-month high of $81.85. 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 (NYSE:PJC) last posted its earnings results on Thursday, October 26th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $1.07. Piper Jaffray Companies had a positive return on equity of 11.11% and a negative net margin of 6.30%. The firm had revenue of $240.57 million for the quarter.

Piper Jaffray Companies announced that its Board of Directors has approved a stock buyback program on Thursday, August 10th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the financial services provider to repurchase up to 17.4% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 29th will be issued a dividend of $0.3125 per share. The ex-dividend date of this dividend is Tuesday, November 28th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.63%. Piper Jaffray Companies’s dividend payout ratio is currently -29.90%.

Institutional investors and hedge funds have recently modified their holdings of the business. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Piper Jaffray Companies by 365.1% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,823 shares of the financial services provider’s stock worth $108,000 after buying an additional 1,431 shares during the period. Farmers & Merchants Investments Inc. lifted its holdings in shares of Piper Jaffray Companies by 93.0% during the third 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 increased its position in shares of Piper Jaffray Companies by 9.2% during the second quarter. Creative Planning now owns 2,094 shares of the financial services provider’s stock valued at $126,000 after acquiring an additional 177 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Piper Jaffray Companies by 0.4% during the second quarter. PNC Financial Services Group Inc. now owns 2,842 shares of the financial services provider’s stock valued at $170,000 after acquiring an additional 10 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Piper Jaffray Companies during the third quarter valued at approximately $192,000. Institutional investors and hedge funds own 66.31% of the company’s stock.

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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.

Analyst Recommendations for Piper Jaffray Companies (NYSE:PJC)

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