Francis E. Iv Fairman Sells 10,000 Shares of Piper Jaffray Companies (PJC) Stock

Piper Jaffray Companies (NYSE:PJC) insider Francis E. Iv Fairman sold 10,000 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $96.13, for a total transaction of $961,300.00. Following the transaction, the insider now directly owns 51,513 shares of the company’s stock, valued at approximately $4,951,944.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Piper Jaffray Companies (NYSE PJC) opened at $90.00 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.15 and a current ratio of 1.48. The firm has a market cap of $1,380.00, a PE ratio of -17.93 and a beta of 1.45. Piper Jaffray Companies has a 12 month low of $52.75 and a 12 month high of $99.80.

Piper Jaffray Companies (NYSE:PJC) last announced its earnings results on Thursday, February 1st. The financial services provider reported $1.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.35. The company had revenue of $236.08 million during the quarter. Piper Jaffray Companies had a negative net margin of 7.30% and a positive return on equity of 11.32%.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Monday, February 26th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Friday, February 23rd. This is a boost from Piper Jaffray Companies’s previous quarterly dividend of $0.31. Piper Jaffray Companies’s dividend payout ratio is currently -24.90%.

PJC has been the subject of several research analyst reports. Keefe, Bruyette & Woods initiated coverage on shares of Piper Jaffray Companies in a research note on Monday, October 16th. They set a “mkt perform” rating and a $64.00 target price for the company. JMP Securities initiated coverage on shares of Piper Jaffray Companies in a research note on Tuesday, November 7th. They set a “market perform” rating for the company. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $30.93.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Piper Jaffray Companies by 0.9% during the second quarter. Vanguard Group Inc. now owns 1,302,723 shares of the financial services provider’s stock worth $78,098,000 after purchasing an additional 11,049 shares in the last quarter. LSV Asset Management lifted its position in shares of Piper Jaffray Companies by 52.8% during the fourth quarter. LSV Asset Management now owns 313,971 shares of the financial services provider’s stock worth $27,079,000 after purchasing an additional 108,471 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Piper Jaffray Companies by 129.6% during the third quarter. Principal Financial Group Inc. now owns 247,133 shares of the financial services provider’s stock worth $14,668,000 after purchasing an additional 139,516 shares in the last quarter. Systematic Financial Management LP lifted its position in shares of Piper Jaffray Companies by 8.4% during the third quarter. Systematic Financial Management LP now owns 196,050 shares of the financial services provider’s stock worth $11,636,000 after purchasing an additional 15,217 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Piper Jaffray Companies by 2.2% during the second quarter. Northern Trust Corp now owns 193,168 shares of the financial services provider’s stock worth $11,581,000 after purchasing an additional 4,157 shares in the last quarter. 66.75% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this report on another publication, it was illegally copied and republished in violation of U.S. & international copyright law. The original version of this report can be read at https://sportsperspectives.com/2018/02/06/francis-e-iv-fairman-sells-10000-shares-of-piper-jaffray-companies-pjc-stock.html.

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.

Insider Buying and Selling by Quarter for Piper Jaffray Companies (NYSE:PJC)

Receive News & Ratings for Piper Jaffray Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Piper Jaffray Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply