News coverage about Piper Jaffray Companies (NYSE:PJC) has trended positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Piper Jaffray Companies earned a daily sentiment score of 0.27 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 44.0675085577453 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Piper Jaffray Companies (NYSE PJC) traded down 0.18% during midday trading on Friday, hitting $54.95. 104,391 shares of the company traded hands. The stock’s 50-day moving average is $61.85 and its 200-day moving average is $63.95. The firm has a market capitalization of $830.51 million, a PE ratio of 247.52 and a beta of 1.45. Piper Jaffray Companies has a 12-month low of $42.12 and a 12-month high of $81.85.
Piper Jaffray Companies (NYSE:PJC) last released its earnings results on Thursday, July 27th. The financial services provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.29. The business had revenue of $197.75 million during the quarter. Piper Jaffray Companies had a net margin of 0.40% and a return on equity of 9.63%. Analysts anticipate that Piper Jaffray Companies will post $5.39 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Monday, August 28th will be given a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Thursday, August 24th. Piper Jaffray Companies’s dividend payout ratio (DPR) is presently -1,249.88%.
Piper Jaffray Companies declared that its Board of Directors has approved a share repurchase plan on Thursday, August 10th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits 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 board of directors believes its stock is undervalued.
PJC has been the topic of several research analyst reports. BMO Capital Markets restated a “market perform” rating and set a $21.00 price target on shares of Piper Jaffray Companies in a report on Friday, April 28th. CIBC boosted their price target on shares of Piper Jaffray Companies from $19.00 to $22.00 in a report on Friday, April 28th. Desjardins cut shares of Piper Jaffray Companies from a “hold” rating to a “sell” rating and lowered their price target for the company from $21.00 to $20.00 in a report on Friday, April 28th. National Bank Financial boosted their price target on shares of Piper Jaffray Companies from $22.00 to $25.00 in a report on Friday, April 28th. Finally, Scotiabank lifted their price objective on shares of Piper Jaffray Companies from $19.00 to $22.50 and gave the company a “sector perform” rating in a research note on Friday, April 28th. Three research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. The company presently has an average rating of “Sell” and an average price target of $21.75.
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In other news, insider Martin Bradley Winges sold 3,000 shares of Piper Jaffray Companies stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $64.42, for a total value of $193,260.00. Following the completion of the transaction, the insider now owns 46,133 shares of the company’s stock, valued at approximately $2,971,887.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Christopher D. Crawshaw sold 8,168 shares of Piper Jaffray Companies stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $63.65, for a total transaction of $519,893.20. Following the completion of the transaction, the insider now directly owns 26,583 shares of the company’s stock, valued at approximately $1,692,007.95. The disclosure for this sale can be found here. In the last three months, insiders sold 12,988 shares of company stock valued at $827,163. Insiders own 5.36% of the company’s stock.
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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