Louisiana State Employees Retirement System Has $370,000 Position in Piper Jaffray Companies (PJC)

Louisiana State Employees Retirement System raised its position in shares of Piper Jaffray Companies (NYSE:PJC) by 1.8% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 5,800 shares of the financial services provider’s stock after buying an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Piper Jaffray Companies were worth $370,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Menta Capital LLC boosted its stake in Piper Jaffray Companies by 163.2% in the fourth quarter. Menta Capital LLC now owns 19,594 shares of the financial services provider’s stock worth $1,421,000 after buying an additional 12,149 shares during the last quarter. State Street Corp boosted its stake 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 worth $27,582,000 after buying an additional 18,463 shares during the last quarter. Federated Investors Inc. PA boosted its stake in Piper Jaffray Companies by 133.8% in the fourth quarter. Federated Investors Inc. PA now owns 21,210 shares of the financial services provider’s stock worth $1,538,000 after buying an additional 12,137 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in Piper Jaffray Companies by 161.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 6,603 shares of the financial services provider’s stock worth $479,000 after buying an additional 4,081 shares during the last quarter. Finally, Norges Bank acquired a new stake in Piper Jaffray Companies during the fourth quarter worth $15,292,000. 69.98% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Piper Jaffray Companies (NYSE PJC) opened at 61.35 on Friday. The firm’s 50-day moving average is $60.55 and its 200 day moving average is $67.44. The company’s market capitalization is $923.44 million. Piper Jaffray Companies has a 52 week low of $35.36 and a 52 week high of $81.85.

Piper Jaffray Companies (NYSE:PJC) last issued its earnings results on Thursday, April 27th. The financial services provider reported $1.77 EPS for the quarter, beating the consensus estimate of $1.03 by $0.74. The company had revenue of $200.53 million during the quarter. Piper Jaffray Companies had a negative net margin of 0.80% and a positive return on equity of 8.84%. During the same quarter in the previous year, the firm posted $0.70 earnings per share. On average, analysts anticipate that Piper Jaffray Companies will post $5.39 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Friday, May 26th were given a $0.3125 dividend. This represents a $1.25 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend was Wednesday, May 24th. Piper Jaffray Companies’s payout ratio is presently -143.68%.

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PJC has been the topic of a number of analyst reports. BMO Capital Markets reissued a “market perform” rating and issued a $21.00 target price on shares of Piper Jaffray Companies in a research note on Friday, April 28th. CIBC upped their price objective on shares of Piper Jaffray Companies from $19.00 to $22.00 in a research note on Friday, April 28th. TD Securities reaffirmed a “reduce” rating and set a $20.00 price objective on shares of Piper Jaffray Companies in a research note on Friday, April 28th. Scotiabank upped their price objective on shares of Piper Jaffray Companies from $19.00 to $22.50 and gave the stock a “sector perform” rating in a research note on Friday, April 28th. Finally, National Bank Financial upped their price objective on shares of Piper Jaffray Companies from $22.00 to $25.00 in a research note on Friday, April 28th. Two research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $21.75.

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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