US Bancorp DE Sells 3,439 Shares of Piper Jaffray Companies (PJC)

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US Bancorp DE lessened its holdings in Piper Jaffray Companies (NYSE:PJC) by 13.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,746 shares of the financial services provider’s stock after selling 3,439 shares during the quarter. US Bancorp DE owned approximately 0.14% of Piper Jaffray Companies worth $1,671,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. American Century Companies Inc. raised its position in shares of Piper Jaffray Companies by 0.7% in the 2nd quarter. American Century Companies Inc. now owns 96,875 shares of the financial services provider’s stock valued at $7,445,000 after acquiring an additional 652 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Piper Jaffray Companies by 15.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 83,698 shares of the financial services provider’s stock valued at $6,433,000 after acquiring an additional 11,056 shares during the period. Systematic Financial Management LP raised its position in shares of Piper Jaffray Companies by 15.4% in the 2nd quarter. Systematic Financial Management LP now owns 210,875 shares of the financial services provider’s stock valued at $16,206,000 after acquiring an additional 28,129 shares during the period. SG Americas Securities LLC raised its position in shares of Piper Jaffray Companies by 178.5% in the 2nd quarter. SG Americas Securities LLC now owns 6,015 shares of the financial services provider’s stock valued at $462,000 after acquiring an additional 3,855 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Piper Jaffray Companies by 2.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 265,931 shares of the financial services provider’s stock valued at $20,436,000 after acquiring an additional 6,953 shares during the period. 72.72% of the stock is currently owned by institutional investors.

Shares of NYSE:PJC opened at $75.15 on Friday. The company has a market capitalization of $1.15 billion, a P/E ratio of 12.20 and a beta of 1.50. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.38 and a current ratio of 1.62. Piper Jaffray Companies has a fifty-two week low of $52.75 and a fifty-two week high of $99.80.

Piper Jaffray Companies (NYSE:PJC) last announced its quarterly earnings results on Friday, July 27th. The financial services provider reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.24). The firm had revenue of $173.48 million during the quarter. Piper Jaffray Companies had a negative net margin of 9.68% and a positive return on equity of 11.47%.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 24th will be issued a dividend of $0.375 per share. The ex-dividend date is Thursday, August 23rd. This represents a $1.50 annualized dividend and a yield of 2.00%.

A number of analysts recently weighed in on PJC shares. TheStreet upgraded shares of Piper Jaffray Companies from a “c+” rating to a “b-” rating in a research report on Wednesday, June 20th. ValuEngine downgraded shares of Piper Jaffray Companies from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. Four research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average target price of $86.00.

Piper Jaffray Companies Profile

Piper Jaffray Companies operates as an investment bank and asset management firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally. The company's Capital Markets segment offers investment banking and institutional sales, trading, and research services for various equity and fixed income products.

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

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