Comerica Bank increased its stake in Piper Jaffray Companies (NYSE:PJC) by 5.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,174 shares of the financial services provider’s stock after buying an additional 773 shares during the period. Comerica Bank owned 0.10% of Piper Jaffray Companies worth $1,052,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of PJC. KBC Group NV boosted its stake in shares of Piper Jaffray Companies by 133.3% in the third quarter. KBC Group NV now owns 3,488 shares of the financial services provider’s stock valued at $168,000 after buying an additional 1,993 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Piper Jaffray Companies by 6.5% in the third quarter. Bank of New York Mellon Corp now owns 620,989 shares of the financial services provider’s stock valued at $29,992,000 after buying an additional 37,809 shares during the period. Smith Asset Management Group LP purchased a new stake in shares of Piper Jaffray Companies during the third quarter valued at $248,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in shares of Piper Jaffray Companies during the third quarter valued at $580,000. Finally, Aperio Group LLC purchased a new stake in shares of Piper Jaffray Companies during the third quarter valued at $216,000. 85.24% of the stock is currently owned by institutional investors and hedge funds.
Shares of Piper Jaffray Companies (NYSE:PJC) traded down 1.26% during trading on Friday, hitting $58.90. 83,025 shares of the stock were exchanged. The stock’s market cap is $893.16 million. Piper Jaffray Companies has a one year low of $35.36 and a one year high of $81.85. The stock’s 50 day moving average price is $63.96 and its 200 day moving average price is $66.41.
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Separately, TheStreet cut shares of Piper Jaffray Companies from a “b” rating to a “c+” rating in a report on Thursday, February 2nd.
In other news, Chairman Andrew S. Duff sold 9,641 shares of Piper Jaffray Companies stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $75.35, for a total value of $726,449.35. Following the completion of the sale, the chairman now directly owns 253,878 shares of the company’s stock, valued at approximately $19,129,707.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Martin Bradley Winges sold 2,000 shares of Piper Jaffray Companies stock in a transaction on Thursday, February 23rd. The shares were sold at an average price of $73.50, for a total value of $147,000.00. Following the completion of the sale, the insider now directly owns 44,710 shares of the company’s stock, valued at $3,286,185. The disclosure for this sale can be found here. Insiders sold a total of 42,637 shares of company stock valued at $3,258,308 over the last three months. Insiders own 6.46% 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.
